Duni net sales rise 4.7% in 2013

15 Feb '14

3 min read

The improvement in Eastern and Southern Europe during the quarter is particularly pleasing. The tendency is that our position in these markets stabilize more and more. Operating income in the quarter increased to SEK 127 m (109) and the operating margin was 16.6% (15.1%).

The Consumer business area showed a rate of growth of 11.8% in the quarter, with net sales at fixed exchange rates amounting to SEK 221 m (197). This trend is a consequence of new contracts secured in 2012 and 2013, but is also due to positive Christmas sales. Operating income was SEK 23 m (19) and the operating margin strengthened to 10.6% (9.6%).

Within the Tissue business area, the improvement is entirely due to the decision to phase out the external hygiene product sales. The decision to discontinue that business has facilitated a more efficient operation, at the same time as measures relating to the future closure are being implemented gradually. Net sales during the quarter amounted to SEK 117 m (111) and the operating income was SEK 2 m (2). Volumes during the quarter were on par with last year.

2013 has been an eventful year, characterized by several important initiatives. The rate of growth for the year (measured in comparable currency) was 4.7%, which is satisfactory on a zero-growth market. At the same time, we see that the sales trend strengthened during the latter part of the year. With 2013’s endeavors accomplished, we can face 2014 with a good measure of self-confidence,” says Thomas Gustafsson, President and CEO, Duni.

Duni AB

More Textiles News - Sweden...