Slide 1: Interim Report Q2 2026
Interim Report Q2 2026 Challenging quarter impacted by the ongoing logistics transition 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
IN TE R IM R E P O R T Q 2 2 0 2 6 Agenda • Highlights • Q2 Key activities • Market outlook • Q2 Key Financial performance incl. Business areas • Sustainability & Our long-term targets • Financials • Summary • Q&A 3
Slide 4: Q2 in brief
IN TE R IM R E P O R T Q 2 2 0 2 6 Q2 in brief • Logistics transition impacted sales and operating income • Stabilization measures implemented during the quarter • Germany remained stable, unaffected by the transition • Strategic priorities continue with the same focus 4
Slide 5: Key activities in the quarter: logistics transition rationale
IN TE R IM R E P O R T Q 2 2 0 2 6 Key activities in the quarter Logistics transition – strategic rationale • Modernization of Duni Group's logistics setup • New state-of-the-art distribution centre in Meppen • Outsourced operations to a specialized logistics partner • Expected to improve scalabilit
Slide 6: Actions to stabilize operations
IN TE R IM R E P O R T Q 2 2 0 2 6 Key activities in the quarter Actions to stabilize operations • Germany transition postponed to support operational stability • Measures implemented to improve capacity and delivery flows • Continued collaboration with logistics partner to stabilize operations 6
Slide 7: Expanding the offering through innovation and growth initiatives
IN TE R IM R E P O R T Q 2 2 0 2 6 Key activities in the quarter Expanding the offering through innovation and selected growth initiatives • Solserv acquisition completed (Duniform®) • New launches: Sealable Ronda and Contrast • d.ls – Duni Lighting Solutions introduced • Plastic-free serving soluti
Slide 8: Turning sustainability into scalable solutions
IN TE R IM R E P O R T Q 2 2 0 2 6 Key activities in the quarter Turning sustainability into scalable solutions • PFAS phase-out completed • Carbon Footprint Calculator launched • Reuse systems – Relevo at Viktualienmarkt • Composting solutions at Sweden Rock and Vätternrundan 8 8
Slide 9: Market Development
IN TE R IM R E P O R T Q 2 2 0 2 6 Market Development • Market conditions weakened further in Q1, with no signs of recovery • Revenue growth remained modest, while volume declined sharply (-5.1%) • Restaurants remained under significant pressure, driven by weak consumer demand • Inflation and cost p
Slide 10: Consumer and market dynamics
IN TE R IM R E P O R T Q 2 2 0 2 6 Consumer and market dynamics • Consumers remain cautious and value-focused, reflecting weak sentiment and high uncertainty • Growth remains price-driven, with no underlying volume recovery • Continued trade-down behaviour limits real consumption growth Source: Circ
Slide 11: Q2 2026 Key Financials
Q2 2026 Key Financials N E T S ALE S O P E R A T I N G I N C O ME OPE RAT ING M ARGIN SEK 1,823 m SEK 65 m 3.6% Net sales amounted to Operating income amounted to Operating margin was SEK 1,823 m (1,884) SEK 65 m (121) 3.6% (6.4) 11
Slide 12: Q2 Comments
Q2 Comments N E T S ALE S O P E R A T I N G I N C O ME • Sales down 2.0% in fixed currencies. • Income affected by German logistic transition and limited outbound capacity. • German warehouse transition caused delivery delays and limited outbound capacity. • Logistics transition raised warehousing a
Slide 13: BA Dining Solutions
BA Dining Solutions N E T S ALE S O P E R A T I N G I N C O ME OPE RAT ING M ARGIN SEK 1,045 m SEK 31 m 3.0% Net sales amounted to Operating income amounted to Operating margin was SEK 1,045 m (1,138) SEK 31 m (99) 3.0% (8.7) 13
Slide 14: Dining Solutions Q2 2026
Dining Solutions QUARTER NET SALES LTM Q2 2026 1,400 5,000 1,200 1,000 800 600 400 200 0 4,000 NET SALES, SEK M NET SALES LAST 12 MONTHS (LTM), SEK M • Sales decline of 6.2% in fixed currency, mainly due to the quarter’s QUARTER OPERATING INCOME LTM logistics challenges. Additional impact from signi
Slide 15: BA Food Packaging Solutions
BA Food Packaging Solutions N E T S ALE S O P E R A T I N G I N C O ME OPE RAT ING M ARGIN SEK 779 m SEK 34 m 4.3% Net Sales amounted to Operating Income Operating Margin was SEK 779 m (746) SEK 34 m (22) 4.3% (3.0) 15
Slide 16: Food Packaging Solutions Q2 2026
Food Packaging QUARTER NET SALES LTM Solutions Q2 2026 1,000 3,500 800 600 400 200 0 2,800 NET SALES, SEK M NET SALES LAST 12 MONTHS (LTM), SEK M • Sales growth in fixed currencies of 4,3% driven by good development within BioPak Group and contribution from recently acquired companies. QUARTER OPERA
Slide 17: A Trusted Sustainability Leader
A Trusted Sustainability Leader " O U R D E C A D E O F A C T I ON ” Enabling people to enjoy good food, well-being, and togetherness – today and for generations to come. A Trusted Sustainability Expand our Innovative Offering to Customers and Consumers Leader Strengthen our Market Positions in Euro
Slide 18: Group targets
Group targets Suppliers who have Share of circular input Sales growth Operating margin Dividend Climate target Lost time incidents signed the Code of materials Business Conduct TA RG ET >6 % >10% >50% 90% -57% <10 100% Currency-adjusted sales (Target 2030, base year Scope 1 & 2 target 2030 (full per
Slide 19: Financials
Financials 19
Slide 20: Income Statement
Income Statement LTM / SEK m Q2 / 2026 Q2 / 2025 YTD / 2026 YTD / 2025 FY / 2025 2025-26 Net sales 1,823 1,884 3,587 3,747 7,525 7,685 Gross profit 1) 380 435 801 868 1,815 1,882 Gross margin 20.9% 23.1% 22.3% 23.2% 24.1% 24.5% Selling expenses1) -204 -194 -397 -396 -802 -801 Administrative expenses
Slide 21: Business Area Financials
Business Area Financials LTM / SEK m Q2 / 2026 Q2 / 2025 YTD / 2026 YTD / 2025 FY / 2025 2025-26 Dining Solutions Net sales 1,045 1,138 2,095 2,256 4,517 4,678 Operating income1) 31 99 113 201 386 473 Operating margin 3.0% 8.7% 5.4% 8.9% 8.5% 10.1% Food Packaging Net sales 779 746 1,492 1,491 3,008
Slide 22: Operating Cash Flow
Operating Cash Flow LTM / SEK m Q2 / 2026 Q2 / 2025 YTD / 2026 YTD / 2025 FY / 2025 2025-26 Operating EBITDA 1) 106 159 245 307 647 708 Capital expenditure -59 -44 -107 -67 -287 -247 Change in; Inventory -15 157 -32 32 -23 40 Accounts receivable -66 -82 -36 -52 15 -2 Accounts payable 73 -152 -82 -20
Slide 23: Financial Position
Financial Position SEK m June 2026 December 2025 June 2025 Goodwill 2,765 2,664 2,708 Tangible and intangible fixed assets 2,636 1,982 1,967 Net financial assets1) 141 105 141 Inventories 1,500 1,397 1,432 Accounts receivable 1,207 1,125 1,202 Accounts payable -698 -751 -644 Other operating assets a
Slide 24: Summary
IN TE R IM R E P O R T Q 2 2 0 2 6 Summary • Operational challenges related to the logistics transition dominated Q2 performance • Measures implemented during the quarter support a gradual stabilization of operations • Strategic initiatives progressed despite short-term challenges • Focus remains on
Slide 25: Q&A
Q &A 25
Slide 26: DUNI | The Architects of Dining
D U N | The Architects of Dining