Duni AB (OTCPK:DUNIY)

$ 29.44 0 (0%) Market Cap: 691.84 Mil Enterprise Value: 806.78 Mil PE Ratio: 12.42 PB Ratio: 1.36 GF Score: 85/100

Q2 2020 Duni AB Earnings Call Transcript

Jul 15, 2020 / 08:00AM GMT

Release Date Price: $29.44

Transcript

Operator

Ladies and gentlemen, welcome to the Duni AB Q2 Report 2020. Today, I am pleased to present Johan Sundelin, CEO; and Mats Lindroth, CFO. (Operator Instructions)

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

Johan Sundelin;CEO;President

& -

Thank you and welcome to this presentation of what, I must say, is an extraordinary quarter 2 for Duni Group. If we start with the highlights for the quarter and looking at the net sales development, we see a drop of 39% in the quarter. All of this drop is related to the Duni segment. And of course, the reasons for the sales drop are the very severe COVID-19 restrictions during the quarter. If we then look at the BioPak segment, we do, however, see that, that sale is basically in line with the quarter last year. What's positive is that we -- when we're looking at the sales development during the quarter, we see a strong improvement month by month. The decline -- total sales decline in April was minus 54%, and that eased to minus 18 % in June, meaning we have recuperated

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