The Duni Share

TOP 10 SHAREHOLDERS

Shareholders 30 June 2017 Number of shares Percentage
Mellby Gård Investerings AB 14,094,500 29.99%
Swedbank Robur fonder 4,297,872 9.14%
Carnegie fonder 4,000,000 8.51%
Polaris Capital Management LLC 3,121,897 6.64%
Lannebo fonder 2,953,381 6.28%
VERDIPAPIRFOND ODIN SVERIGE 1,642,967 3.50%
FJÄRDE AP-FONDEN 1,581,376 3.36%
State Street Bank & Trust Com., Boston 1,500,890 3.19%
JPM Chase NA 1,162,363 2.47%
DnB - Carlson fonder 687,536 1.46%

SHAREHOLDER DISTRIBUTION

Shareholder Number of shares Percentage
Sweden 33,455,802 71.18%
USA 7,027,494 14.95%
Other countries 6,515,736 13.86%

Financial targets

During 2016, Duni carried out a series of activities that have contributed to growth, both organically and through acquisitions..

Sales growth 5%

Duni’s target is to achieve average organic growth in sales in excess of 5% per year over a business cycle. In addition, Duni may consider acquisitions in order to access new growth markets or strengthen its position on existing markets.

Target fulfillment in 2016: The currency-adjusted organic growth was 1.2%. Duni demonstrated continued growth in line with last year. It is believed that the market as a whole grew on average by 1%.

OPERATING MARGIN, 10%

Duni’s target is an operating margin of 10% or more. Profitability is to be increased through sales growth, continued focus on premium products, and continued improvements within purchasing and production.

Target fulfillment in 2016: The operating margin target was exceeded and ended up at 11.8%. Structural effects and acquisitions of recent years contributed to a strengthened operating margin.

DIVIDEND, 40% OF INCOME AFTER TAX

It is the Board’s intention that, in the long term, dividends shall amount to at least 40% of income after tax.

Target fulfillment in 2016: Thanks to continued positive income generation and a strong cash flow, the Board proposes a dividend of SEK 5.00 per share, i.e. it is proposed that the dividend for 2016 shall equal 71% of income after tax.