Duni AB announces Interim Report for Duni AB (publ) 1 January – 31 March 2014. Highlights: -Net sales amounted to SEK 921 m (852). Adjusted for exchange rate changes, net sales increased by 5.2%. -Earnings per share, after dilution, amounted to SEK 1.09 (0.77). -Operating income increased by 24% at fixed exchange rates. -New segment reporting: three business areas have become five. CEO's comments "In accordance with previously communicated information, segment reporting within Duni has been changed. As from the first quarter of 2014, the operations are reported within five business areas: Table Top, Meal Service, Consumer, New Markets, and Materials & Services.
The initial quarter of the year follows the trend set at the end of the preceding year: growth in prioritized business areas and strengthened profitability for Duni as a whole. Net sales for the quarter amounted to SEK 921 (852) m and grew by 5.2% at fixed exchange rates. Operating income increased to SEK 73 (55) m, with an operating margin of 7.9% (6.4%). Cash flow remains strong and the relatively low level of capital expenditures in the quarter contributed to the net debt falling to SEK 454 (608) m by the end of the quarter. Organic growth is one of Duni's most important objectives and, since the middle of last year, we are growing within prioritized market and product segments. The total European market is not increasing compared with last year, which means that the increase in sales is driven by higher market shares. Click here to view full results.
