23948sdkhjf

Duni reports stable development but weak for tissue

Oct 26 2011  Swedish Duni reports a stable development and strong cash flow for the first nine months of the year. Business area Tissue has had a weak development but is reporting an improvement in the third quarter.

Duni’s net sales amounted to 2,744 million Kronor in the first nine months of the year (2,873). Adjusted for exchange rate changes, net sales decreased by 0.4 percent. Operating result amounted to 253 million Kronor (272) and net result to 163 million Kronor (189). Earnings per share amounted, after dilution, to 3.46 Kronor (4.02).For the third quarter, Duni’s net sales amounted 917 million Kronor (943). The operating result was 98 million Kronor (103), and the net result was 63 million Kronor (72)."Duni's sales at fixed exchange rates fell by 1.6 percent during the third quarter. This is attributable entirely to weak sales growth within Retail and Tissue,” said Fredrik von Oelreich, CEO of Duni.”Within Tissue, sales to the hygiene products sector weakened, while internal deliveries increased somewhat. Thanks to satisfactory capacity utilization, combined with higher productivity, Tissue is reporting an improvement in income for the quarter,” von Oelreich added. /AA

Kommentera en artikel
Utvalda artiklar

Nyhetsbrev

Sänd till en kollega

0.063