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.

Net sales and operating income, SEK m