Financial summary

SEK Million 2014 2013 2012 2011 2010
           
Net sales 4,249 3,803 3,669 3,807 3,971
Gross profit 1,158 1,005 945 1,031 1,052
Operating income 475 385 342 404 435
EBITDA 596 503 454 510 537
EBIT 456 369 229 388 436
Net income 319 267 126 261 306
Key ratios          
Sales growth %, organic and currency adjusted 3.9% 3.1% -3.5% 0.6% 0.6%
Gross margin % 27.2% 26.4% 25.8% 27.1% 26.5%
Operating margin % 11.2% 10.1% 9.3% 10.6% 10.9%
EBITDA margin % 14.0% 13.2% 12.4% 13.4% 13.5%
Value per share (SEK)          
Earnings per share before and after dilution 6.80 5.68 2.67 5.54 6.52
Dividend 4,503) 4.00 3.50 3.50 3.50
Market price at closing day 116.00 83.25 59.00 54.00 73.00
TOTAL          
Equity 2,193 2,099 1,985 2,082 1,991
Total assets 4,328 3,695 3,531 3,681 3,487
Net debt 888 491 638 745 582
Cash flow from operating activities 533 463 429 362 296
Cash flow after investments 49 325 317 -14 65
Dividend, % of net income 66% 70% 133% 63% 54%
Number of emplyees 2,092 1,902 1,875 1,888 1,914
Key ratios          
Net debt/equity ratio 41% 23% 32% 36% 29%
Net debt/EBITDA1) 2) 1.5 1.0 1.4 1.5 1.1
Return on capital employed %1) 2) 16% 16% 14% 17% 19%
Return on capital employed, without goodwill %1) 2) 32% 33% 28% 29% 40%
         
1) Calculated based on operating income.          
2) Calculated based on last twelwe month.          
3) Proposed dividend.          

Definitions

If you seek guidance on the meaning of words or acronyms shown on this site, please click on the link. It provides a guide clarifying the terms and abbreviations that are the subject of frequently asked questions. 

DEFINITIONS

Cost of goods sold: 
Cost of goods sold including production and logistic costs.

Gross margin: 
Gross profit as a percentage of net sales.

Operating income: 
Operating income adjusted for restructuring costs, non-realized valuation effects of currency derivatives, fair value allocations and amortization of intangible assets identified in connection with business acquisitions.

EBIT:
Reported operating income.

EBIT margin: 
EBIT as a percentage of net sales.

EBITA: 
Operating income before amortization of intangible assets. 

EBITDA: 
Operating income before depreciation and impairment of fixed assets.

EBITDA margin: 
EBITDA as a percentage of net sales.

Capital employed: 
Non-interest bearing fixed assets and current assets, excluding deferred tax assets, less non-interest bearing liabilities.

Return on capital employed: 
Operating income as a percentage of capital employed.

Return on shareholders’ equity:
Net income as a percentage of shareholders’ equity.

Number of employees: 
The number of employees at end of period.

Currency adjusted: 
Figures adjusted for changes in exchange rates related to consolidation. Figures for 2015 are calculated at exchange rates for 2014. Effects of translation of balance sheet items are not included.

Earnings per share:
Net income divided by the average number of shares.

Net Interest-bearing debt:
Interest-bearing liabilities and pensions less cash and cash equivalents and interest-bearing receivables.

HoReCa:
Abbreviation for hotels, restaurants and catering.

Private label:
Products marketed under customer’s own label.

Accounting principles

Since January 1, 2005, Duni applies International Financial Reporting Standards (IFRS) as adopted by the European Union. For transition effects see notes 45 and 46 in the Annual Report of 30 June 2007.

ACCOUNTING PRINCIPLES

Since January 1, 2005, Duni applies International Financial Reporting Standards (IFRS) as adopted by the European Union. For transition effects see notes 45 and 46 in the Annual Report of 30 June 2007.

This interim reports are prepared in accordance with IAS 34, Interim Reporting. The consolidated financial statements are prepared in accordance with IFRS as adopted by the EU and with the related reference to Chapter 9 of the Annual Accounts Act. The parent company’s financial statements are prepared in accordance with RFR 2, Reporting for Legal Entities, and the Annual Accounts Act. The accounting principles can be further read in note 2 in the latest published Annual Report and if any new accounting standards are applied in continuing year they are described in the latest interim report.

 

Investor Relations contact

Mats Lindroth

CFO

mats.lindroth@duni.com
Tel +46 40 10 62 00

Tina Andersson

Corporate Marketing & Communications Director

tina.andersson@duni.com
Tel +46 40 10 63 82 

Duni AB

Tel +46 40 10 62 00
Fax +46 40 39 66 30
info@duni.com