Duni: Soft start to the year - SEB
24 april, 08:33
Duni reported a softer Q1, with sales down 5.3% y/y (-1% organic). Adj. EBIT missed expectations, with margins pressured by negative mix in Dining Solutions, higher costs and weaker Middle East demand. This was offset in part by stronger gross margins in Food Packaging. Net profit was impacted by higher financial costs following acquisitions. Overall, a quarter on the soft side. Our first take is for low to MSD mechanical revisions to 2026 operating income estimates part
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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Duni: Soft start to the year - SEB
24 april, 08:33
Duni reported a softer Q1, with sales down 5.3% y/y (-1% organic). Adj. EBIT missed expectations, with margins pressured by negative mix in Dining Solutions, higher costs and weaker Middle East demand. This was offset in part by stronger gross margins in Food Packaging. Net profit was impacted by higher financial costs following acquisitions. Overall, a quarter on the soft side. Our first take is for low to MSD mechanical revisions to 2026 operating income estimates part
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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