The year in brief Streamlining of operations and successful design The operating margin increased to 12.6% (11.7%) Net sales increased to SEK 4,200 (3,870) m The Board of Directors proposes a dividend of SEK 5.00 (4.50) per share Operating income increased to SEK 528 (452) m 1.3% growth Excluding the hygiene products business, Duni’s organic growth is 1.3% in comparable currency. Optimization through streamlining The manufacture of hygiene products ends in March 2015. All airlaid production is moved to Rexcell’s plant in Skåpafors. Materials development Decision taken to invest SEK 110 m in the tissue operations at Rexcell in Skåpafors. New vision A new vision is launched describing Duni’s ambition always to deliver Goodfoodmood® for every occasion where food and drink are served. New design awards Duni is awarded the prestigious Red Dot Award and A’ Design Award accolades for a collection of plates and bowls. Eco-conscious product range The ecoecho® range is expanding and continuing to win market shares. Eco-conscious plastic Launch of several products made of recyclable and environmentally conscious bioplastic. Designs for Duni® are successful The new design cooperation with byGraziela is launched with great success. Successful sponsoring In January, the eyes of the gastronomic world were set on Lyon and the Bocuse d’Or final. As a sponsor partner, Duni has the possibility to obtain on-site exposure and support the Swedish representative, Tommy Myllymäki, who eventually took bronze. New chef collaboration Duni commences collaboration with Titti Qvarnström. In 2015, she became the first Swedish female chef to be awarded a Michelin star. Key ratios, SEK m 1) 2015 2014 2013 2012 2011 Net sales 4 200 3 870 3 349 3 268 3 399 Operating income* 528 452 369 355 403 EBITDA* 656 572 473 454 496 Net income before tax 459 414 334 218 358 Net income for the year 346 302 254 137 261 Proposed dividend, SEK/Share 5,00 4,50 4,00 3,50 3,50 Shareholders’ equity 2 345 2 193 2 099 2 051 2 082 Return on equity, % 14.75 13.77 12.10 6.68 12.54 Number of employees 2 082 2 092 1 902 1 875 1 888 * Operating income and EBITDA are adjusted for non-recurring items. Comparison figures for 2012 are recalculated in according with new accounting principles. 1) Relates to continuing operations for all periods. The discontinued hygiene products business has been recalculated and reported in accordance with IFRS on a line after the net income for the period for the continuing operations. Net sales and operating income, SEK m Net sales |Operating income 2011 3399 403 2012 3268 355 2013 3349 369 2014 3870 452 2015 4200 528