Easing of restrictions contributes to improved income
April 1-June 30
- Net sales amounted to
SEK 1,124 m (820), corresponding to a 37.1% increase in sales. Adjusted for exchange rate movements, net sales increased by 41.3%. -
Earnings per share after dilution amounted to
SEK 0.38 (-2.15). - The increase in sales combined with government support for fixed costs resulted in improved income during the quarter.
- The easing of restrictions has resulted in an improved situation for the Duni business area.
-
The positive growth trend in the
BioPak business area continues, despite disruption in the freight market.
January 1-June 30
- Net sales amounted to
SEK 2,056 m (2,069), corresponding to a 0.6% decrease in sales. Adjusted for exchange rate movements, net sales increased by 2.4%. -
Earnings per share after dilution amounted to
SEK -0.70 (-1.65). - Net sales and earnings for the half-year are linked directly to the social restrictions.
- A high focus on innovation and partnerships to offer the most sustainable solutions and contribute to a more sustainable society.
KEY FINANCIALS
SEK m | 3 months Apr-Jun 2021 | 3 months Apr-Jun 2020 | 6 months Jan-Jun 2021 | 6 months Jan-Jun 2020 | 12 months Jul-Jun 2020/2021 | 12 months Jan-Dec 2020 |
Net sales | 1,124 | 820 | 2,056 | 2,069 | 4,488 | 4,501 |
Organic growth | 40.7% | -40.1% | 2.4% | -22.6% | -8.1% | -18.7% |
Operating income 1) | 58 | -92 | 18 | -12 | 178 | 149 |
Operating margin 1) | 5.2% | -11.2% | 0.9% | -0.6% | 4.0% | 3.3% |
Income after financial items | 34 | -138 | -38 | -109 | 78 | 7 |
Income after tax | 18 | -101 | -33 | -79 | 49 | 4 |
1) For key financials, definitions and reconciliation of alternative key financials, see pages 26-27.
CEO's comment
The easing of restrictions for restaurants, primarily as from June, is contributing to the Group's strong recovery during the quarter.
Europe is opening up
The second quarter saw a gradual easing of restrictions in our main markets. This has resulted in increased guest flows and hours of opening for restaurants, even though continued restrictions on serving indoors have had a moderate effect.
The easing of restrictions is contributing to the Group's recovery during the quarter. Looking ahead there are still uncertainty about the long-term effects of the pandemic with regards to, among other things, business travel, events, and catering, as well as other market conditions.
Sales and income increase when restrictions are eased
Group sales amounted to
The higher sales figure combined with government support has a direct impact on operating income, which amounted to
Cost pressure on raw materials and sea freight
The shortage of container capacity from
Partnerships for sustainable solutions and circularity
The Group's goals are to offer the most sustainable packaging solutions for all consumption occasions and to contribute to a sustainable future through partnerships and innovation. Important steps towards full circularity are the recently announced partnership agreement with &Repeat and a minority acquisition and partnership with German company
Furthermore, the Duni business area, through its own innovation and partnership with
After a long time spent in a tough market situation, we are optimistic about the months ahead, with eased restrictions and an increased vaccination rate creating the conditions for a return to a more normal existence, says Robert Dackeskog, President and CEO,
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For more information, please contact:
Robert Dackeskog, President and CEO, +46 (0)40 10 62 00
Box 237
SE-201 22 Malmö
Phone: +46 (40) 10 62 00
www.duni.com
Company registration number: 556536-7488
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https://news.cision.com/duni-ab/r/interim-report-for-duni-ab--publ--january-1--june-30--2021,c3385211
https://mb.cision.com/Main/295/3385211/1445190.pdf
https://news.cision.com/duni-ab/i/q2-rapport,c2936294
https://news.cision.com/duni-ab/i/robert-dackeskog-570x420,c2936295
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