Duni AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 09, 2024 at 01:45 am EST
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Duni AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 1,971 million compared to SEK 1,974 million a year ago. Net income was SEK 77 million compared to SEK 60 million a year ago. Basic earnings per share from continuing operations was SEK 1.65 compared to SEK 1.28 a year ago.
For the full year, sales was SEK 7,718 million compared to SEK 6,976 million a year ago. Net income was SEK 390 million compared to SEK 200 million a year ago. Basic earnings per share from continuing operations was SEK 8.3 compared to SEK 4.25 a year ago.
Duni AB is a Sweden-based company that designs, produces and markets table setting products. It also provides packaging and packaging systems to the take-away market. In March 2014, the Company introduced new organizational structure, based on five business areas. The Professional business area was divided in three separate ones: the Table Top, offering napkins, table coverings and candles for traditional restaurants in Europe; the Meal Service, manufacturing products for take-away packaging, serving and catering, targeting fast food segment; and the New Markets, active in geographic markets outside Europe. In addition, it is active in the Consumer business area, focused on the grocery retail trade; and the Materials and Services, comprising all other sales, such as tissue paper and hygiene products. Duni AB operates in over 15 countries and has production units in Sweden, Germany and Poland. In June 2014, it acquired 100% of the shares in the Paper+Design Group.
DUNI AB 
