DUNINasdaq StockholmConsumer StaplesIFRS · SEK

Duni

Duni Group is a Sweden-based company that develops and sells table-setting and food-packaging solutions for professional foodservice and retail channels. Its business spans napkins, table covers, candles, serving products, packaging solutions, and related materials, with operations and sales across Europe and other international markets.

Revenue7,578m SEK
+0.0 %y/y
Operating profit (EBIT)133m SEK
−67.7 %y/y
EBIT margin1.8%
−3.7 ppy/y
Net income88.0m SEK
−68.3 %y/y
Free cash flow186m SEK
−22.2 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,000m SEK2021: 5,061 m SEK2021: EBIT 173 m SEK20212022: 6,976 m SEK2022: EBIT 326 m SEK20222023: 7,718 m SEK2023: EBIT 648 m SEK20232024: 7,578 m SEK2024: EBIT 412 m SEK20242025: 7,578 m SEK2025: EBIT 133 m SEK20257,578133
RevenueOperating profit (EBIT)

Business

Share of revenue
Dining Solutions58 %

Table-setting and hospitality products such as napkins, table covers, candles and serving items.

Food Packaging Solutions42 %

Packaging and serving solutions for takeaway, foodservice and related applications.

Customers

Duni sells primarily to the HoReCa channel, including hotels, restaurants and catering operators, often through wholesalers and distributors. It also serves grocery retail chains, specialty stores and packaging-related customers that need branded, functional and sustainable disposable or reusable solutions.

HoReCa operators

Hotels, restaurants and catering businesses buy napkins, table covers, candles and serving products for daily service and presentation.

Wholesalers and distributors

Trade intermediaries purchase Duni products in volume and distribute them into foodservice and retail channels.

Grocery retail chains

Retailers buy selected table-setting and convenience products for consumer-facing assortments.

Food packaging customers

Customers in takeaway and food packaging buy packaging and serving solutions for transport and consumption.

Specialty and other channels

Specialty stores and other channels buy branded table products where design and assortment matter.

Strategy

Duni’s strategy centers on expanding its innovative offering, strengthening positions in Europe and Asia-Pacific, and improving operational efficiency. The company also frames sustainability as a core competitive position, linking circular materials, renewable inputs and product design to customer demand in foodservice and packaging.

Expand the innovative offeringMedium term

Broader and more attractive products support sales to HoReCa and retail customers.

Strengthen positions in Europe and Asia-PacificMedium term

These regions are central to the company’s customer base and growth ambitions.

Improve operational efficiencyShort term

Efficient production, logistics and sourcing support competitiveness in a price-sensitive market.

Increase circular and sustainable materialsLong term

Customers and regulators increasingly demand lower-impact products and packaging.

Geography

Duni’s reporting shows a European core with sales organized across Northern/Eastern Europe, Central Europe, Western Europe and Southern Europe, plus a Rest of World bucket. The company also highlights Asia-Pacific as a strategic growth region, while its manufacturing and operational footprint is centered in Europe.

Risks

Duni faces demand, pricing and supply-chain risks tied to the restaurant and foodservice cycle, raw-material costs and transport expenses. It also has operational exposure to factory disruption, logistics, IT systems, product safety and sustainability compliance, while its international footprint adds geopolitical and regulatory uncertainty.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Demand weakness in HoReCa markets1Raw material and transport cost volatility2Geopolitical and regulatory uncertainty3Factory and logistics disruption4Product safety and quality issues5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Demand weakness in HoReCa marketsImpact: HighLikelihood: High

    Fewer restaurant visits and weaker consumer spending reduce order volumes and intensify price competition.

    Exposure: Dining Solutions and foodservice channels

  2. Raw material and transport cost volatilityImpact: HighLikelihood: Medium

    The business uses paper, packaging and other inputs whose prices can move sharply.

    Exposure: Both operating segments

  3. Geopolitical and regulatory uncertaintyImpact: MediumLikelihood: Medium

    International operations face sanctions, local restrictions, taxes and changing laws.

    Exposure: Europe and Rest of World

  4. Factory and logistics disruptionImpact: MediumLikelihood: Low

    Production and distribution are central to service levels and customer retention.

    Exposure: European manufacturing and supply chain

  5. Product safety and quality issuesImpact: MediumLikelihood: Low

    Products are used by consumers and foodservice operators, so failures can lead to claims and reputational damage.

    Exposure: Table-setting and packaging products

Accounting

Judgemental items
Revenue recognition timing

Sales are recognized when control transfers, which makes shipment timing and discounts relevant to period results.

Impact: Quarter-end cut-off and returns/discounts

Goodwill impairment

The group allocates goodwill to cash-generating units and tests it annually.

Impact: Possible non-cash write-downs

Capitalized development expenses

Some product and IT development costs are capitalized when criteria are met.

Impact: Affects operating expense and amortization

Derivative and hedge accounting

Currency forwards and interest-rate swaps are used to manage exposure and are fair-valued.

Impact: Can create OCI volatility and earnings timing effects

Emission rights and environmental provisions

EU emissions trading and environmental obligations require estimates and provisions.

Impact: Can affect liabilities and operating costs

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Duni Revenue, Earnings & Financials 2025 – Clarifo