Duni reported better numbers than our estimates, but operating income was still down y/y on logistics costs and a weaker mix.
Duni reported organic sales of 1.7% y/y in Q3, better than SEBe -2% (+3.
We lower our fair valuation range ahead of Duni’s Q3 report.
Duni reported weaker numbers than our estimates and we expect disruptions to continue into next quarter but decrease gradually as operations...
Duni Q2/26 came in below our estimate, with organic growth of -3% in line, but operating income of SEK 65m some c.
We lower our DCF fair value range to SEK 103-146 following Duni’s profit warning.
Duni announced that Q2 2026 operating income will fall below market expectations, citing significant logistics disruptions related to its wa...
Duni delivered a soft Q1, in our view. Despite a higher gross margin and stable volumes, organic growth fell c.
Duni reported a softer Q1, with sales down 5.3% y/y (-1% organic).
We leave our DCF-derived fair equity value range of SEK 120-164 unchanged ahead Duni’s Q1 report.
Duni’s Q4 came in on the softer side, with FX headwinds and weak organic growth weighing on earnings.
Duni reported a weak Q4 with sales of SEK 1,965m, 7% below SEB, and operating income of SEK 162m, 11% below SEB.
We leave our DCF-derived fair equity value range of SEK 129-174 unchanged ahead Duni’s Q4 report.
At SEB's Nordic Seminar, Duni Group’s CEO Robert Dackeskog and CFO Magnus Carlsson outlined why 2026 could mark an inflection point for Duni...
