Duni: Muddling through - SEB

We lower our fair valuation range ahead of Duni’s Q3 report. Firstly, the warehouse relocation continues to weigh on sales in Dining Solution and, to a lesser extent, costs in Q3/26. Secondly, negative mix persists as customers continue to favour cheaper products and underlying demand across Duni’s largest markets remains challenging, with no broader sign of a turnaround yet. We lower our fair valuation range to SEK 79-122 (101-144).

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/144150