Home / Knowledge / News / Textiles / Duni posts marginal growth in Q1 sales
Duni posts marginal growth in Q1 sales
Apr '13
Duni releases interim report from 1 January – 31 March 2013

-Net sales amounted to SEK 852 m (856). Adjusted for exchange rate changes, net sales increased by 2.5%.
-Increase in sales adjusted for currency exchange rates and invoicing days.
-Strong Swedish krona has declined operating income.
-Earnings per share, after dilution, amounted to SEK 0.77 (0.78).

Net sales amounted to SEK 852 m

Net sales declined by SEK 4 m compared with the same period last year, to SEK 852 m (856). However, when adjusted for exchange rate changes net sales increased by 2.5% − which should be viewed in light of the fact that there were three fewer invoicing days. When adjusted also for this factor, Duni recorded growth during the quarter. General demand remained weak and reflects a cautious approach by end customers and consumers. Growth can primarily be traced to new contracts within the Consumer business area and an increase in sales within the Tissue business area. The increase within Tissue is a one off increase since it is due to the special circumstances which arose following announcement of the closure of the hygiene products business.

Operating margin of 6.4%

Operating income (EBIT) adjusted for non-recurring items amounted to SEK 55 m (60). The gross margin was 25.7% (26.5%) and the underlying operating margin for the Group was 6.4% (7.0%). Adjusted for exchange rate changes, operating income declined by SEK 2 m compared with last year. During the quarter, the strong Swedish krona had a significant detrimental impact on income, since a large percentage of revenues are in EUR. Input materials for traded goods continue to be at historically high price levels, which have not yet been compensated for in full vis-à-vis customers. Nevertheless, thanks to a focus on increased efficiency and selected cost saving measures, a lower level of indirect costs has been achieved and, consequently, the operating margin has been maintained at almost the same level as last year.

Click here for further information:


Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search