Eric Sunstedt
Analyst, Kepler Cheuvreux
Replay available
Duni AB (publ) (STO: DUNI) Q4 2025 earnings conference call, held 2026-02-06. Replay captured from the company's public earnings webcast.

Analyst, Kepler Cheuvreux
President & CEO, DUNE Group
Analyst, SEB
Hello and welcome to the DUNE Group Year-End Report 2025. Throughout the call, all participants will be in a listen-only mode, and afterwards, there will be a question-and-answer session. Please note this call is being recorded. Today, I am pleased to present Robert Dacascog, President and CEO. Please begin your meeting. Thank you. Yeah. Welcome to the year-end report for 2025. Headline here is an increased full-year net sales despite weak demand in the market. If we look at the agenda today, we have highlights first, a little talk around the market outlook and what happens in the market, a summary of Q4, and then we're going into our business areas, and then sustainability targets and initiatives there. And at the end here, financial summary, and then in the end, questions and answers. All right. So if we go to the highlights for the year, full year first here, we have a net sales that increased in 2025 versus last year. And, of course, a lot of challenging market conditions in the market we will come into as well. If we look at organic growth declined, and also the net sales was also impacted due to currency effects. And also, of course, the subdued demand in the market. Acquisitions had a positive effect on our net sales during the year. And we have really worked hard on taking efficiency initiatives. We strengthen our long-term capabilities. And the board of directors proposed an unchanged dividend of six, five Swedish krona, same as last year, five, to be divided into two partial payments over the year. If we look then at the Q4, there we had a net sales decrease to 1.965 versus 2057 last year, but it's up in fixed currencies with 1.5%. And this is driven mainly by the acquisition of the companies in the UK and the city. Operating income then declined from 178 t...