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Duni Group s sales development and preliminary result for the fourth quarter
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MALMÖ, Sweden, Jan. 22, 2021 /PRNewswire/
Duni Group s sales and result is still strongly affected by the social restrictions introduced during the Covid-19 pandemic. Following a gradual recovery in the third quarter in the Duni segment, which sells mainly to hotels and restaurants, the fourth quarter saw demand fall as a consequence of increased restrictions.
Sales in the quarter amounts to approximately SEK 1,175 m (1,558). Operating income is estimated to approximately SEK 55 m (199). The decrease in sales of 24.5% is directly attributable to the Duni segment. During the quarter its important customer segments, hotels and restaurants, was essentially closed down throughout Europe as a consequence of tougher restrictions to limit the spread of infection. This had a particular impact in the fourth quarter, when Christmas sales normally contribute to very stron