Financial targets
During 2017, 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 in existing markets.
The currency-adjusted organic growth was 0.9%. Duni demonstrated a growth rate in line with the preceding year. The market is estimated to have grown by approximately 1%.
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 resulted at 11.1%. Structural effects and acquisitions in recent years positively contributed to the operating margin.
DIVIDEND, 40% OF INCOME AFTER TAX
It is the Board of Directors’ long-term intention for dividends to amount to at least 40% of income after tax.
Despite several major investments and acquisitions, Duni remains in a good financial position. The Board therefore proposes a dividend of SEK 5.00 per share, i.e. it is proposed that the dividend for 2017 shall equal 72% of income after tax.