Duni Group Reports Higher Full-Year Sales in 2025, Executes Strategic Acquisitions and Sets New Group Targets for 2026

Malmö, Sweden – February 6, 2026 – Duni Group, a leading supplier of sustainable dining and food packaging solutions, today published its Year-End Report for the period January 1 to December 31, 2025.

Despite a challenging market environment marked by weak demand in the global restaurant sector and adverse currency effects, Duni Group delivered full-year net sales growth and continued to strengthen its long-term market position through targeted acquisitions and efficiency initiatives.

Financial Performance

For the full year 2025, net sales increased to SEK 7,685 million, up 1.4% year on year. Adjusted for exchange rate movements, sales grew by 6.0%, primarily driven by acquisitions completed during the year. Operating income amounted to SEK 560 million, compared with SEK 604 million in the previous year, reflecting continued pressure from weak demand and negative currency effects.

Earnings per share attributable to equity holders of the Parent Company increased to SEK 6.64 (5.48). The Board of Directors proposes an unchanged dividend of SEK 5.00 per share, corresponding to 75% of income after tax, to be paid in two equal installments.

Strategic Progress

During 2025, Duni Group completed three strategic acquisitions – Poppies, LinePack, and ByGreen – broadening its geographic reach and strengthening its offering within sustainable packaging and dining solutions. The UK has become one of the Group’s largest markets following the integration of Poppies.

In parallel, the Group implemented restructuring and efficiency measures across production, logistics, and sales organizations, aimed at improving scalability and cost competitiveness going into 2026.

Outlook

Entering 2026, Duni Group has adopted new Group-wide financial and sustainability targets, including a higher growth ambition, an increased dividend payout target, and updated sustainability objectives aligned with its long-term strategy. Management expects completed acquisitions and efficiency measures to support improved performance as market conditions gradually stabilize.

Extracted Key Updates (Structured for Investors)

Acquisitions / M&A

• Poppies Europe Ltd (UK)

  • Acquired 100% (January 2025)

  • Total consideration: approx. SEK 655 million

  • Annual net sales: approx. SEK 620 million

  • Strengthens Dining Solutions and UK/Ireland distribution

• LinePack Oy (Finland)

  • Acquired 80% (June 2025)

  • Enhances automated packaging solutions in the Nordic region

• ByGreen Pty Ltd (Australia)

  • Acquired 100% (August 2025)

  • Annual net sales: approx. SEK 45 million

  • Strengthens BioPak’s sustainable packaging portfolio

No divestments or mergers were carried out during the year.

Restructuring / Layoffs / Shutdowns

• Restructuring costs in 2025: net SEK –9 million

• Key actions:

  • Restructuring of sales and marketing personnel in Europe, generating annual savings of approx. SEK 12 million from Q1 2026

  • UK reorganization: production for the UK market relocated from Germany to Duni Poppies; merger of Duni Ltd and Duni Poppies Ltd

  • Expected annual savings from UK measures: approx. SEK 15 million, fully effective from Q2 2026

• No plant shutdowns announced, but production and logistics consolidation is ongoing.

Capital Expenditure / Investments

• Net investments (2025): SEK 247 million (2024: SEK 205 million)

• Increase mainly related to IT investments connected to a major business system upgrade

• Depreciation and amortization: SEK 311 million

• Acquisitions had a cash flow impact of SEK –551 million

Dividend

• Proposed dividend: SEK 5.00 per share (unchanged YoY)

• Paid in two installments:

  • SEK 2.50 – record date May 20, 2026

  • SEK 2.50 – record date November 17, 2026

• Dividend equals 75% of income after tax attributable to the Parent Company

New Group Targets (Effective from 2026)

• Sales growth: 6% total annual growth (organic + acquisitions)

• Operating margin: >10%

• Dividend policy: >50% of income after tax

• Sustainability (2030 targets):

  • ≥90% renewable or recycled input materials

  • Scope 1 & 2 emissions –57%, Scope 3 –46%

  • Net-zero ambition by 2050

  • 100% supplier Code of Conduct compliance

  • <10 lost-time injuries per 1,000 employees

Workforce

• Employees: 2,721 (increase YoY due to acquisitions)

• No group-wide layoffs announced, but targeted personnel reductions linked to restructuring programs.