Brief: Duni Q3 Net Profit Down At SEK 66 Mln, Starts Cost Efficiency Program

Duni AB

18/10/2018 06:53

Oct 18 (Reuters) - Duni AB  DUNI.ST :
    * Q3 NET PROFIT SEK 66 MILLION VERSUS SEK 80 MILLION YEAR AGO
    * Q3 NET SALES SEK 1.19 BILLION VERSUS SEK 1.08 BILLION YEAR AGO
    * INITIATING A COST EFFICIENCY PROGRAM OF INDIRECT COSTS
    * ANNUAL SAVINGS RELATED TO PROGRAM, ONCE FULLY IMPLEMENTED DURING SECOND HALF OF 2019, ARE
ESTIMATED AT APPROXIMATELY SEK 30 M
    * PROGRAM WILL INCLUDE PERSONNEL REDUCTIONS AND, AS A CONSEQUENCE, RESTRUCTURING COSTS OF
AROUND
SEK 30 M
    * IN Q4 DUNI WILL STILL BE AFFECTED NEGATIVELY BY HIGH PULP PRICES
    * STARTED A MAJOR OPTIMIZATION OF LOGISTICS FLOW, WHICH WILL RESULT IN SIGNIFICANT POSITIVE
EFFECTS DURING 2019 AND 2020
    * PRICE INCREASES WILL NOT BEGIN TO HAVE AN EFFECT UNTIL DURING Q1 2019

Source text for Eikon:  ID:nWkr4BgJn 
Further company coverage:  DUNI.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))