MALMÖ, Sweden, Jan. 22, 2021 /PRNewswire/ -- Duni Group's
sales and result is still strongly affected by the social
restrictions introduced during the Covid-19 pandemic. Following a
gradual recovery in the third quarter in the Duni segment, which
sells mainly to hotels and restaurants, the fourth quarter saw
demand fall as a consequence of increased
restrictions.
Sales in the quarter amounts to approximately SEK 1,175 m (1,558). Operating income is
estimated to approximately SEK 55 m
(199). The decrease in sales of 24.5% is directly attributable to
the Duni segment. During the quarter its important customer
segments, hotels and restaurants, was essentially closed down
throughout Europe as a consequence
of tougher restrictions to limit the spread of infection. This had
a particular impact in the fourth quarter, when Christmas sales
normally contribute to very strong seasonal sales. The BioPak
segment increased its sales by 8.5% in the quarter. Stricter
restrictions and closures drive consumption towards the take-away
market where BioPak is well positioned. But this sales
increase was not able to compensate for the downturn in the Duni
segment.
There is still a high level of uncertainty about the future, as
sales are directly affected by the development of the pandemic and
the associated restrictions in society.
The final results for the fourth quarter will be published on
February 12 at 07:45 CET. A telephone conference will be held at
10:00 with CEO Robert Dackeskog and
CFO Magnus Carlsson.
For further information, please contact:
Robert Dackeskog, President and CEO, tel. +46 40 10 62 00,
Email: robert.dackeskog@duni.com
Magnus Carlsson, CFO, tel. +46 40
10 62 00, Email: magnus.carlsson@duni.com
Duni Group is a market leader in attractive, sustainable and
convenient products for table setting and take-away. The Group
markets and sells two brands, Duni and BioPak, which are
represented in more than 40 markets. Duni has some 2,400 employees
in 24 countries, headquarters in Malmö and production units in
Sweden, Germany, Poland, New
Zealand and Thailand. Duni
is listed on NASDAQ Stockholm under the ticker name "DUNI".
ISIN-code is SE 0000616716. This information is information that
Duni AB is obligated to make public pursuant to the EU Market Abuse
Regulation. The information was submitted for publication, through
the agency of the contact person set out above, at
11:00 am CET on January 22, 2021.
Duni.com
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Duni Group’s sales
development and preliminary result for the fourth
quarter
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https://news.cision.com/duni-ab/i/sustainability-korallskog-22x8cm,c2869906
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Sustainability
korallskog 22x8cm
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