TOP 10 SHAREHOLDERS

Shareholders 31 December 2019	Number of shares	Percentage
Mellby Gård Investerings AB	14,094,500	29.99%
Polaris Capital Management, LLC	4,605,930	9.80%
Carnegie fonder	4,500,000	9.57%
Lannebo fonder	4,076,383	8.67%
State Street Bank & Trust Co, W9	3,717,899	7.91%
VERDIPAPIRFONDEN ODIN SVERIGE	2,895,246	6.16%
FJÄRDE AP-FONDEN	2,237,896	4.76%
BNY MELLON NA (FORMER MELLON), W9	1,386,434	2.95%
Öhman Fonder	1,006,202	2.14%
Handelsbanken Fonder	933,116	1.99%
	46,999,032

SHAREHOLDER DISTRIBUTION

Shareholder	Number of shares	Percentage
Sweden	35,027,754	75%
USA	6,581,177	14%
Other countries	5,390,101	11%

analysts

SEB

Gustav Sandström

+46 771 621 000

gustav.sandstrom@seb.se

Handelsbanken Capital Markets

Karri Rinta

+46 8 701 3636

kari05@handelsbanken.se

Financial targets

During 2018, Duni carried out a series of activities that have contributed to growth, both organically and through acquisitions..

Read Annual Report 2018

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

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.