
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.