The year in brief

New acquisition in Asia and several launches within ECOECHO®

Operating margin of 11.8 (12.6) percent

Net sales increased to SEK 4,271 (4,200) m

The Board of Directors proposes a dividend of SEK 5.00 (5.00) per share

Operating income of SEK 502 (528) m

1.2% growth

Duni’s organic growth is 1.2% at comparable exchange rates.

Upgrading in Skåpafors

Upgrading the tissue machinery in Skåpafors was successfully completed.

New markets

The acquisition of a 60% stake in the Thai napkin manufacturer Terinex Siam Co. Ltd. provides Duni with even greater possibilities to reach new markets in Southeast Asia and Oceania.

Clearer customer segmentation

The Table Top and Meal Service business areas continue to work on clearer customer segmentation.

Duni Cooperative Culture

The Duni Cooperative Culture forum has been introduced within Operations. In the forum, employees holding similar positions exchange experiences and ideas and discuss how strategies are to be implemented.

Star chef is new ambassador

Duni launches a streetfood concept in which ecological food is served together with products from the environmentally conscious ecoecho® range. Swedish star chef Titti Qvarnström was appointed as ambassador for these products.

New focus areas

Additional focus areas within HR include a talent development program and a more systematic internal recruitment process.

Successful sponsoring

Duni sponsors Bocuse d’Or and is present at the European final in Budapest, Hungary, where Swedish chef Alexander Sjögren wins a bronze medal. Simultaneously, a napkin designed by Alexander is launched.

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Design collaboration

A new design collaboration with the Swedish brand Jobs was launched at the  Formex trade fair in Stockholm.

KEY RATIOS, SEK M 1), 2)

2016

2015

2014

2013

2012

Net sales

4 271

4 200

3 870

3 349

3 268

Operating income*

502

528

452

369

355

EBITDA*

632

656

572

473

454

Net income before tax

441

459

414

334

218

Net income for the year

334

346

302

254

137

Proposed dividend SEK/Share

5,00

5,00

4,50

4,00

3,50

Total equity

2 486

2 345

2 193

2 099

2 051

Return on equity, %

13,4

14,8

13,8

12,1

6,7

Return on capital employed, %

15,8

18,6

15,4

13,3

14,4

Number of employees

2 279

2 082

2 092

1 902

1 875


*Operating income and EBITDA are adjusted for non-recurring items. Comparison figures for 2012 are translated in accordance with new accounting principles.

1) Relates to continuing operations for all periods. The discontinued hygiene products business has been recalculated and, in accordance with IFRS, is reported on a line after the net income for the period for continuing operations.

2) Key ratios for 2016 include non-controlling interests.

 

Net sales and operating income, SEK m