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DUNI Duni AB News Story

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Consumer CyclicalsConservativeSmall CapContrarian

Brief: Duni Q3 Sales At SEK 1.97 Bln

Oct 24 (Reuters) - Duni AB DUNI.ST:

Q3 ORGANIC GROWTH -0.5%

Q3 SALES SEK 1,972 MILLION

Q3 NET INCOME SEK 112 MILLION

Q3 OPERATING INCOME SEK 168 MILLION

Q3 EPS SEK 2.23

COST-SAVING INITIATIVES IMPLEMENTED IN SALES CHAIN ARE STARTING TO SHOW RESULTS, AND ARE EXPECTED TO ACHIEVE FULL EFFECT IN Q4

WE ARE SEEING FEW NEW ESTABLISHMENTS AND AN INCREASED NUMBER OF BANKRUPTCIES, WITH CONSEQUENCES THAT INCLUDE INCREASED PRICE PRESSURE

GROWTH TARGET IS BEING INCREASED TO 6% FROM PREVIOUS 5%

DIVIDEND TARGET IS BEING INCREASED FROM >40% TO >50% OF INCOME AFTER TAX, WHILE OPERATING MARGIN TARGET OF >10% REMAINS

Source text: ID:nWkr2c65Xw

Further company coverage: DUNI.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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