Sweden's Duni Q4 sales fall 4.5% on weak demand

Reuters
Feb 06
Sweden's Duni Q4 sales fall 4.5% on weak demand

Overview

  • Swedish tableware firm's Q4 net sales fell 4.5%, impacted by weak demand and currency pressures

  • Company's full-year net sales rose 1.4%, driven by acquisitions

  • Company set new growth and sustainability targets for 2026

Outlook

  • Duni sets new targets for growth, dividends, and sustainability from 2026

  • Company sees potential benefits from reduced VAT for German restaurants

  • Duni prepared to grow despite geopolitical and macroeconomic uncertainty

Result Drivers

  • ACQUISITIONS - Positive contributions from acquired businesses helped offset weak demand and currency pressures

  • DINING SOLUTIONS - Currency and negative mix effects pressured income, but efficiency improvements and cost adjustments provided some relief

  • FOOD PACKAGING SOLUTIONS - Income improved due to favorable mix and lower logistics costs, despite challenging market conditions

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

SEK 1.97 bln

Q4 EPS

SEK 1.82

Q4 Net Income

SEK 88 mln

Q4 Operating income

SEK 162 mln

Q4 Organic Growth

-7.00%

Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the appliances, tools & housewares peer group is "buy."

  • Wall Street's median 12-month price target for Duni AB is SEK121.00, about 14.2% above its February 5 closing price of SEK106.00

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nWkr87JL6H

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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