THE YEAR IN BRIEF
New acquisition and consistent customer segmentation
Net sales increased to SEK 4,441 m (4,271)
Operating income was SEK 491 m (502)
The Board of Directors proposes a dividend of SEK 5.00 (5.00) per share
The operating margin was 11.1 (11.8) percent
Acquisition of Sharp Serviettes
The acquisition of Sharp Serviettes in New Zealand (United Corporation Limited) is an important part of a strategic platform for further expansion in Asia and Oceania.
Upgrade in Skåpafors
The decision was made to invest SEK 50 m to upgrade the airlaid machine in Skåpafors.
Johan Sundelin beomes new CEO
Johan Sundelin took over as new President and CEO of Duni AB in October.
Clearer customer segmentation
Refinement in all business areas towards clearer customer segmentation.
Design partnership
A new partnership with the design duo Bernadotte & Kylberg resulted in the Amazonica series, environmentally adapted according to the ecoecho® criteria.
Dunited
During the year, work with the various components of Dunited (Duni’s employee development program) was intensified and the content refined.
Duni Academy
The Duni Academy training program was implemented in a large part of the organization.
Key ratios, SEK M 1), 2)
| 2017 | 2016 | 2015 | 2014 | 2013 | |
| Net sales | 4 441 | 4 271 | 4 200 | 3 870 | 3 349 |
| Operating income*, SEK m | 491 | 502 | 528 | 452 | 369 |
| Operating EBITDA* | 630 | 632 | 656 | 572 | 473 |
| EBIT | 456 | 463 | 493 | 433 | 352 |
| EBITDA | 629 | 622 | 622 | 556 | 483 |
| Net income before tax | 439 | 441 | 459 | 414 | 334 |
| Net income for the year | 334 | 334 | 346 | 302 | 254 |
| Proposed dividend, SEK/Share | 5.00 | 5.00 | 5.00 | 4.50 | 4.00 |
| Equity | 2 594 | 2 486 | 2 345 | 2 193 | 2 099 |
| Return on equity, % | 12.9 | 13.4 | 14.8 | 13.8 | 12.1 |
| Return on capital employed, % | 14.4 | 15.8 | 18.6 | 15.4 | 13.3 |
| Number of employees | 2 362 | 2 279 | 2 082 | 2 092 | 1 902 |
* Operating income and operating EBITDA are alternative key ratios that Duni uses to guide its operations. It relates to EBIT less amortization of intangible assets identified at acquisition, restructuring costs and fair value allocations.
1) Relates to continuing operations for 2015 and back in time. 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 and onwards include non-controlling interests.