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Bernard Horn Comments on Duni

August 07, 2014 | About:
Vera Yuan

Vera Yuan

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Swedish table napkin maker Duni (OSTO:DUNI)’s stock price was up more than 20%, which helped offset subpar performance among other consumer discretionary holdings. Duni’s operating profitability improved in the first quarter of 2014, and the company was able to gain market share in the moribund European market. Duni also announced the acquisition of Paper+Design Group, a German company with a dominant position in designer napkins sold in consumer markets throughout Europe.

From Bernard Horn (Trades, Portfolio)’s Polaris Global Value Fund Second Quarter 2014 Shareholder Letter.


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