During 2016, Duni carried out a series of activities that have contributed to growth, both organically and through acquisitions.
SALES GROWTH, 5%
Duni’s target is to achieve an average organic growth in sales in excess of 5% per year over a business cycle. In addition, Duni regularly assesses acquisition opportunities in order to access new growth markets or strengthen its position on existing markets.
The currency-adjusted organic growth was 1.2%. Duni demonstrated continued growth in line with last year. It is believed that the market as a whole grew on average by 1%.
|Organic growth, %|
OPERATING MARGIN, 10%
Duni’s target is an operating margin of 10% or more. Profitability is to be increased through sales growth, continued focus on premium products and continued improvements within purchasing and production.
The operating margin target was exceeded and ended up at 11.8%. Structural effects and acquisitions of recent years contributed to a strengthened operating margin.
|Operating margin, %|
DIVIDEND, 40% OF INCOME AFTER TAX
It is the Board’s intention that, in the long term, dividend shall amount to at least 40% of income after tax.
Thanks to continued positive income generation and a strong cash flow, the Board proposes a dividend of SEK 5.00 per share, i.e. it is proposed that the dividend for 2016 shall equal 71% of income after tax.
|Dividend, % of income after tax|