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Downturn for Duni’s tissue business

Feb 16 2011  Swedish table top supplier and tissue producer Duni reports a stable result for 2010 and improved operating margin. Business area Tissue shows weak result, however.

Duni’s net sales 2010 amounted to 3,971 million Kronor (4,220). Adjusted for exchange rate changes, net sales increased by 0.3 percent. The operating result was 435 million Kronor (436), and net result for the year was 306 million Kronor (336).Duni’s operating margin was 10.9 percent (10.3).Duni’s Tissue business area has had a tough period. In the fourth quarter sales fell to 109 million Kronor (134).”The downturn is due primarily to weaker demand from the hygiene products sector, and, to a minor extent, due to not completely resumed deliveries following the fire in June at our production plant in Skåpafors,” said Fredrik von Oelreich, CEO of Duni.”Intensified efforts are now made on the sales side, and activities have also been put in place to improve productivity and create stability in the processes after the Skåpafors fire,” von Oelreich said.

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