Duni Group has historically provided shareholders with solid cash flows and steady dividends, with the exception of the pandemic years 2019 to 2021. Since then, the HoReCa market has recovered and the Group has reported growth and profitability from a strong financial position.
Sales Growth
Goal 5%
The goal is to achieve average organic growth in sales in excess of 5% per year over a business cycle. In addition, the company regularly assesses acquisition opportunities in order to gain access to new growth markets or strengthen its position in existing markets.
2023 target attainment
Organic growth amounted to 5.2%. 2023 was the first year without any impact from the pandemic, with a continued, clear improvement to more normal operations. In addition to continued recovery, price compensation measures during the year, as a result of historically high inflation, have contributed to achieving our financial goal of exceeding 5% organic growth.
Operating margin
Goal 10%
The target is an operating margin of 10% or more. Profitability is to be increased through sales growth, continued focus on premium products and continued improvements within purchasing and production.
2023 target attainment
The operating margin was 9.3%. The year showed a historically strong result in absolute terms, with an increased operating margin. The improvement can primarily be attributed to efficiency improvement programs that were initiated during the pandemic and have produced results with improved volumes. The improved profitability is also a good indicator that our product portfolio is both attractive and relevant in an environment with increasing demands on sustainability
Dividend
Goal 40%
It is the Board of Directors’ long-term intention for dividends to amount to at least 40% of income after tax.
2023 target attainment
Thanks to good cost control and solid work on optimizing working capital, a very strong cash flow in 2023 has resulted in a clearly strengthened financial position. The Board of Directors therefore assesses opportunities for increased dividends in parallel with the continued ability to allocate capital in the area of continued growth investments. The Board of Directors therefore proposes to the Annual General Meeting that a dividend of SEK 5 per share be distributed, which corresponds to 60% (70%) of profit after tax
