Duni AB (FRA:2DU)

€ 9.08 0.31 (3.53%) Market Cap: 431.59 Mil Enterprise Value: 471.26 Mil PE Ratio: 12.92 PB Ratio: 1.42 GF Score: 79/100

Q2 2019 Duni AB Earnings Call Transcript

Jul 12, 2019 / 08:00AM GMT

Release Date Price: €11.34 (-2.41%)

Transcript

Operator

Ladies and gentlemen, welcome to the Duni AB interim report January to June. Today, I'm pleased to present Johan Sundelin, CEO; and Mats Lindroth, CFO. (Operator Instructions)

I will now hand over to Johan Sundelin. Sir, please go ahead.

Johan Sundelin;publ;CEO;President

Duni AB

()-&

Thank you, and welcome. In the quarter 2, we saw a historically strong second quarter result but we will start by looking at the sales. We saw a net sales increase of 13% and an organic pro forma growth of 1%. The growth in the quarter is negatively impacted by fewer days of sales versus last year, and when it comes to the order trends they are very much in line with previous quarter. That meaning, we still see very high growth rates in our sustainable packaging business. We also see continued good growth in premium napkins and continued declining sales in table covers. And we also continue to see challenging market for private label in our consumer retail business area, and we see there a negative development of volumes.

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