Duni AB (OTCPK:DUNNF)

$ 10.28 0 (0%) Market Cap: 381.36 Mil Enterprise Value: 425.48 Mil PE Ratio: 18.02 PB Ratio: 1.24 GF Score: 84/100

Q3 2019 Duni AB Earnings Call Transcript

Oct 18, 2019 / 08:00AM GMT

Release Date Price: $12.4

Transcript

Operator

Ladies and gentlemen, welcome to the Duni AB interim report January to September. 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;publ;CEO;President

Duni AB

()-&

Thank you, and welcome also from my side.

And let's start immediately with the highlights page. And Duni has always been a very stable and profitable business, but we have struggled to get the growth above the 1% level. So I'm happy to see in Q3 that we have now had a net sales growth of 16% and an organic pro forma growth of above 3%.

And for those of you who know Duni, you would recognize that the growth drivers are the same. We still see very high growth in sustainable packaging, while we're also happy to see a plastic decline. And we also continue to see growth in premium napkins, compensating for the decline in table covers. That's related to our HoReCa market which is the biggest part

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