Predict your next investment

Corporation
duni.com

See what CB Insights has to offer

About Duni

Duni is a supplier of attractive and convenient products for table setting and takeaway. The Duni brand is sold in more than 40 markets and enjoys a number one position in Central and Northern Europe. Duni has some 1,900 employees in 17 countries, headquarters in Malmo and production units in Sweden, Germany and Poland. Duni is listed on NASDAQ OMX Stockholm under the ticker name "DUNI".

Duni Headquarter Location

P.O Box 237

Malmo, SE-201 22,

Sweden

+ 46 40 10 62 00

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Duni News

Duni : Interim Report for Duni AB (publ) January 1– June 30, 2021

Jul 15, 2021

07/15/2021 | 01:49am EDT Message : April 1-June 30 Net sales amounted to SEK 1,124 m (820), corresponding to a 37.1% increase in sales. Adjusted for exchange rate movements, net sales increased by 41.3%. Earnings per share after dilution amounted to SEK 0.38 (-2.15). The increase in sales combined with government support for fixed costs resulted in improved income during the quarter. The easing of restrictions has resulted in an improved situation for the Duni business area. The positive growth trend in the BioPak business area continues, despite disruption in the freight market. January 1-June 30 Net sales amounted to SEK 2,056 m (2,069), corresponding to a 0.6% decrease in sales. Adjusted for exchange rate movements, net sales increased by 2.4%. Earnings per share after dilution amounted to SEK -0.70 (-1.65). Net sales and earnings for the half-year are linked directly to the social restrictions. A high focus on innovation and partnerships to offer the most sustainable solutions and contribute to a more sustainable society. KEY FINANCIALS CEO's comment The easing of restrictions for restaurants, primarily as from June, is contributing to the Group's strong recovery during the quarter. Europe is opening up The second quarter saw a gradual easing of restrictions in our main markets. This has resulted in increased guest flows and hours of opening for restaurants, even though continued restrictions on serving indoors have had a moderate effect. The easing of restrictions is contributing to the Group's recovery during the quarter. Looking ahead there are still uncertainty about the long-term effects of the pandemic with regards to, among other things, business travel, events, and catering, as well as other market conditions. Sales and income increase when restrictions are eased Group sales amounted to SEK 1,124 m (820). At fixed exchange rates, this corresponds to a sales increase of 41.3%. Eased restrictions have had a positive impact on the Duni business area, which has grown by 41.4% compared with the previous year. The BioPak business area increased its sales by 41.1% in relation to the previous year. The higher sales figure combined with government support has a direct impact on operating income, which amounted to SEK 58 m (-92) for the quarter. Government support for fixed costs of SEK 46 m was reported during the quarter for the German companies. This relates to the period from November 2020 until March 2021. An application for the period from April to June 2021 will be submitted, although this is expected to have a much lower impact, as the negative effect of the pandemic on the Group has been reduced during the quarter. Cost pressure on raw materials and sea freight The shortage of container capacity from Asia has increased, causing extended delivery times and significant increases in freight costs for containers. We continue to work to mitigate these by maintaining a strict cost focus, but also through price adjustments, which were announced during the quarter. But there is, as always, some delay when compensating for cost increases in the short term. Partnerships for sustainable solutions and circularity The Group's goals are to offer the most sustainable packaging solutions for all consumption occasions and to contribute to a sustainable future through partnerships and innovation. Important steps towards full circularity are the recently announced partnership agreement with &Repeat and a minority acquisition and partnership with German company Relevo GmbH. Furthermore, the Duni business area, through its own innovation and partnership with OrganoClick AB, has launched new, fossil-free product materials for premium napkins and table covers. This supplements the most recent innovation with fiber-based external packaging for napkins, which was communicated during the first quarter. After a long time spent in a tough market situation, we are optimistic about the months ahead, with eased restrictions and an increased vaccination rate creating the conditions for a return to a more normal existence, says Robert Dackeskog, President and CEO, Duni Group. :: Robert Dackeskog, President and CEO, +46 (0)40 10 62 00 Magnus Carlsson, CFO, +46 (0)40 10 62 00 Helena Haglund, Group Accounting Manager, +46 (0)734 19 63 04 Duni AB (publ) :: The Duni Group is a market leader in attractive, eco-conscious and functional products for table setting and takeaway. The Group markets and sells two brands, Duni and BioPak, which are represented in more than 40 markets. Duni has around 2,200 employees in 24 countries, its headquarters in Malmö and production units in Sweden, Germany, Poland, New Zealand and Thailand. Duni is listed on the NASDAQ Stockholm under the ticker name 'DUNI'. Its ISIN code is SE0000616716. This information is information that Duni AB is obligated to make public pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the agency of the contact person set out above, at 07:45 am CET on July 15, 2021. Attachments

Duni Acquisitions

5 Acquisitions

Duni acquired 5 companies. Their latest acquisition was BioPak on October 15, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/15/2018

$99M

Corporate Majority

3

2/9/2018

Subscribe to see more

$99M

Subscribe to see more

10

7/6/2016

Subscribe to see more

$99M

Subscribe to see more

10

6/12/2014

Subscribe to see more

$99M

Subscribe to see more

10

6/19/2013

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/15/2018

2/9/2018

7/6/2016

6/12/2014

6/19/2013

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

3

10

10

10

10

Duni Team

3 Team Members

Duni has 3 team members, including former Chief Executive Officer, Peter Nilsson.

Name

Work History

Title

Status

Peter Nilsson

Chief Executive Officer

Former

Fredrik von Oelreich

Chief Executive Officer

Former

Gun Nilsson

Chief Financial Officer

Former

Name

Peter Nilsson

Fredrik von Oelreich

Gun Nilsson

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Financial Officer

Status

Former

Former

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.