Duni Ab · OMXSTO:DUNI
Duni Ab — Q1 2025 Earnings Presentation
24 slides from Duni Ab's earnings presentation, Apr 25, 2025
Slide 1: Interim Report Q1 2025
Interim Report Q1 2025 Growth despite subdued demand and negative currency effects Robert Dackeskog, President and CEO Magnus Carlsson, CFO 1
Slide 2: Disclaimer
Disclaimer – This presentation has been prepared by Duni AB (the “Company”) solely looking statements involve known and unknown risks, uncertainties and for use at this investor presentation and is furnished to you solely for your other factors, which are in some cases beyond the Company’s control i
Slide 3: Agenda
Agenda – Highlights – Market status & outlook – Q1 summary – Business areas – Sustainability – Strategy ahead – Financials – Summary – Q&A 3
Slide 4: Highlights Q1
Highlights Q1 - The Group achieved growth in the first quarter, despite continued weak demand in the European market - Both acquisitions and organic growth contributed to this positive development - The operating income was impacted by negative revaluation effects due to the strengthening of the Swe
Slide 5: Market Status 2024
Market Status 2024 - All markets still down strongly against pre-COVID visit levels - Visits decreased compared to 2023 by 1% - Life changers through COVID and the economic situation keep visits down and the market remains 10% below 2019 visits - Most countries are suffering from visit declines and
Slide 6: Market Outlook
Market Outlook - European market data shows low consumer confidence and slow recovery in the hotel and restaurant sector - Restaurant visits remain below pre-pandemic levels, with consumer confidence hitting a low in March - Business sentiment continues to be affected by overall macroeconomic uncert
Slide 7: Q1 2025 Key Financials
Q1 2025 Key Financials N E T SA L E S OP E R A T I NG I NC OME OP E R A T I NG MA RG I N SEK 1,863 m SEK 110 m 5.9% Net sales amounted to Operating income amounted to Operating margin was SEK 1,863 m (1,736) SEK 110 m (140) 5.9% (8.1) 7
Slide 8: Q1 Comments
Q1 Comments N E T SA L E S + 7 . 4 % OP E R A T I NG I NC OME - 2 1 . 7 % – Total sales increase 7.7% in fixed currencies vs. historic high sales in Q1 – Decline heavily affected significant negative currency effects from revaluation of 2024 EUR assets as the SEK strengthened – During the quarter ac
Slide 9: BA Dining Solutions
BA Dining Solutions N E T SA L E S OP E R A T I NG I NC OME OP E R A T I NG MA RG I N SEK 1,118 m SEK 102 m 9.1% Net sales amounted to Operating income amounted to Operating margin was SEK 1,118 m (1,030) SEK 102 m (109) 9.1% (10.6) 9
Slide 10: Dining Solutions Q1 2025
Dining Solutions Q UARTER NE T S AL ES LTM Q1 2025 1,400 5,000 1,200 4,000 1,000 800 3,000 600 2,000 400 1,000 200 0 0 NE T S AL ES , S EK M NE T S AL ES LA ST 12 MONTHS (LTM) , SEK M – Volumes to the restaurant market in line with last year and slight Q UARTER O PE RATING INCO ME LTM negative devel
Slide 11: BA Food Packaging Solutions
BA Food Packaging Solutions N E T SA L E S OP E R A T I NG I NC OME OP E R A T I NG MA RG I N SEK 745 m SEK 7 m 1.0 % Net Sales amounted to Operating Income Operating Margin was SEK 745 m (705) SEK 7 m (30) 1.0 % (4.3) 11
Slide 12: Food Packaging Solutions Q1 2025
Food Packaging Q UARTER NE T S AL ES LTM Solutions Q1 2025 1,000 3,500 800 2,800 600 2,100 400 1,400 200 700 0 0 NE T S AL ES , S EK M NE T S AL ES LA ST 12 MONTHS (LTM) , SEK M - Net sales for the quarter increased by SEK 40 m and amounted to SEK 745 m (705). At fixed exchange rates, this correspon
Slide 13: Our Decade of Action 2030
Our Decade of Action 2030 Our sustainability initiatives B E CO MI N G C I RC U L A R A T S C AL E GO I NG NE T Z E R O L I V I N G T H E CH A NG E 100% 0 CO2 #1 Circular target Net Zero carbon emissions for A trusted sustainability leader *Future KPI curr ently unde r r evie w Scope 1 and 2 13
Slide 14: Becoming Circular at Scale
Becoming Going Net Living the Circular at Zero Change Scale A C T IV I T I E S I N T H E Q UA R T E R A C T IV I T I E S I N T H E Q UA R T E R A C T IV I T I E S I N T H E Q UA R T E R Napkins made from Scope 3 calculation for EcoVadis results for 2024: unbleached paper fiber 2024 completed. score
Slide 15: A Trusted Sustainability Leader in our Industry by 2030
STRATEGY FOR GROWTH A Trusted Sustainability Leader in our Industry by 2030 STRATEGIC PRIORITIES Increase innovative offering to customers and consumers Grow positions in Europe and Asia Pacific Enhance operational efficiency and enable regional differentiation B E CO MI N G C I RC U L A R A T S C A
Slide 16: Financials
Financials 16
Slide 17: Income Statement FX Exposure Duni Group
Income Statement FX Exposure Duni Group The operating income was mainly affected by significant negative revaluation effects due to the strengthening of the Swedish krona against the euro of 5.6%, primarily through revaluation effects of Swedish companies’ assets in euros. Currency effects amounted
Slide 18: Income Statement
Income Statement SEK m Q1 / 2025 Q1 / 2024 LTM / 2024-25 FY / 2024 Net sales 1,863 1,736 7,705 7,578 Gross profit 433 435 1,728 1,731 Gross margin 23.2% 25.1% 22.4% 22.8% Selling expenses -202 -188 -781 -766 Administrative expenses -111 -102 -447 -438 R & D expenses -6 -9 -36 -38 Other operating net
Slide 19: Business Area Financials
Business Area Financials SEK m Q1 / 2025 Q1 / 2024 LTM / 2024-25 FY / 2024 Dining Solutions Net sales 1,118 1,030 4,497 4,409 Operating income1) 102 109 472 479 Operating margin 9.1% 10.6% 10,5% 10.9% Food Packaging Solutions Net sales 745 705 3,208 3,168 Operating income1) 7 30 102 125 Operating ma
Slide 20: Operating Cash Flow
Operating Cash Flow SEK m Q1 / 2025 Q1 / 2024 LTM / 2024-25 FY / 2024 Operating EBITDA1) 148 174 719 744 Capital expenditure -25 -26 -203 -205 Change in; Inventory -125 -94 -141 -110 Accounts receivable 30 39 84 93 Accounts payable -54 -136 140 57 Other operating working capital -46 -81 -62 -96 Chan
Slide 21: Financial Position
Financial Position SEK m March 2025 December 2024 March 2024 Goodwill 2,698 2,407 2,263 Tangible and intangible fixed assets 1,960 1,681 1,575 Net financial assets1) 91 77 -19 Inventories 1,565 1,476 1,430 Accounts receivable 1,107 1,118 1,137 Accounts payable -786 -827 -615 Other operating assets a
Slide 22: Financial Targets
Financial Targets S A L E S GR OW T H OP E R A T I NG M A RG I N D I V I DE N D P A Y OU T R AT I O > 5% > 10% 40+% Organic growth of 5% over a business cycle Top line growth – premium focus Target at least 40% of net profit Consider acquisitions to reach new markets or to strengthen Improvements in
Slide 23: Summary Q1 2025
Summary Q1 2025 - The Group achieved growth in the first quarter, despite continued weak demand in the European market - Both acquisitions and organic growth contributed to this positive development - The result was impacted by significant negative currency effects due to the strengthening of the Sw
Slide 24: The Architects of Dining
The Architects of Dining GROUP DUNI