Home / Knowledge / News / Textiles / Duni Q3 revenues rise 9%
Duni Q3 revenues rise 9%
24
Oct '13
Duni releases interim report for the period 1 January – 30 September 2013.

Highlights: 1 July – 30 September 2013

- Net sales amounted to SEK 936 m (849).
- Adjusted for exchange rate changes, net sales increased by 9.1%.
- Earnings per share, after dilution, amounted to SEK 1.25 (1.01).
- Higher earnings within all business areas.
- Continued strong cash flow and a low net debt.

Highlights: 1 January – 30 September 2013

- Net sales amounted to SEK 2,701 m (2,638).
- Adjusted for exchange rate changes, net sales increased by 4.1%.
- Earnings per share, after dilution, amounted to SEK 3.43 (2.98).
- Growth within all business areas.

CEO’s comment regarding the quarter

“The third quarter of the year shows growth and improved profitability in all business areas. Sales in the quarter amounted to SEK 936 m (849), corresponding to an increase of 9.1% at fixed exchange rates. Operating income, before structural costs, improved to SEK 88 m (63). Cash flow for the period is strong and, at the end of the quarter, net debt (including also acquisition expenditures of SEK 57 m) amounted to SEK 673 m (819).

Demand remains weak on the European HoReCa market and follows the same pattern as in the previous quarter. The trend is continuing whereby more easily available concepts (such as take-away and fast food) are growing at the expense of the traditional market.

This trend benefits our Meal Service product category within Professional, where we are witnessing somewhat improved growth, but also results in challenges to the traditional restaurant and hotel market.

In total, the business area increased its sales during the quarter to SEK 671 m (635), an increase (excluding exchange rate effects) of 4%. Growth as a whole is driven by the fact that the acquired Song Seng business in Singapore is now included in the business area. European sales follow the market and ended on a par with last year.

Sales on our export markets are continuing to grow by double figures. A great deal of focus has been placed on the takeover of Song Seng, where the administrative part of the acquisition has been completed. The next step is to commence launch of Duni’s premium range, and our ambition is to develop the market in the same way as we have previously done in Europe.

During the year, the Consumer business area has carried out a number of measures which, among other things, have resulted in successful product launches and sales successes among both existing as well as new customers.

The market, which is not growing in volume, is being driven to an ever increasing degree by relatively short term contracts. Several customer contracts have been secured during 2012 and 2013, and thus we are witnessing an improved sales trend. Sales during the quarter increased to SEK 123 m (101), representing an increase of 21% in comparable currency. Operating income improved to SEK -3 m (-12).

Click here to read full results

Duni


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Top executives
Textile industry

The foremost issue is bridging the skill gap

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search