Sweden's Duni Q1 net sales fall on weak European demand, sees continued market uncertainty

Duni AB

24/04/2026 06:56

Overview

Sweden tableware and packaging firm's Q1 net sales fell

Q1 adjusted EPS declined yr/yr, impacted by weaker financial net and negative product mix

Company completed first delivery from new German warehouse, agreed to acquire Solserv Solutions

Outlook

Duni expects market uncertainty and subdued demand for premium products to persist

Company says it will focus on cost discipline, efficiency and investments in innovation

Duni aims to balance caution in the short term with long-term strategic initiatives

Result Drivers

NEGATIVE PRODUCT MIX - Co said shift in demand from premium to lower-priced products, especially in European restaurant market, hurt profitability

WEAK EUROPEAN DEMAND - Co said demand in Europe remained weak due to cautious consumer and restaurant spending amid macroeconomic uncertainty

FOOD PACKAGING SOLUTIONS - Co said Food Packaging Solutions contributed positively to income, driven by cost control and growth in Sweden

Company press release: ID:nWkr3B399m

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 1.76 bln
Q1 EPS
SEK 0.73
Q1 Net Income
SEK 34 mln
Q1 Operating income
SEK 100 mln
Q1 Organic Growth
-1.20%


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the appliances, tools & housewares peer group is "buy."

Wall Street's median 12-month price target for Duni AB is SEK113.00, about 18.6% above its April 23 closing price of SEK95.30

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)