Duni — Earnings Release 2020

Oct 7, 2020

Malmö, October 7, 2020

Duni Group's sales development and preliminary result for the third quarter

The restrictions in different countries that has been implemented due to the Covid-19 pandemic has a strong impact on Duni Group's sales and result. The sales were halved during the lock-down in April but successively recovered as more and more countries in Europe opened society again.

This development has continued during the third quarter where we have experienced a continued positive recovery from a 18% decrease in June to around 7% decrease in the third quarter. Sales in the quarter amounts to approximately SEK 1 250 m (1 377). Increased sales, improved cost absorption in production and strong cost control lead to a positive operating income. The operating income is estimated to approximately SEK 110 m (130).

Sales development is directly affected by the development of the pandemic and the restrictions it carries and thereby uncertainty for the winter is continually high.

The final results for the third quarter will be published on 22 October 2020 at 07:45 CET. A telephone conference will be held at 10:00 with acting CEO and CFO, Mats Lindroth.

Additional information is provided by: Mats Lindroth, acting CEO and CFO, +46 40 106200 E-Mail: mats.lindroth@duni.com

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