Duni reports 3.1% sales growth in Q3, citing restructuring costs in Meppen
2 reports, 1 independent
Updated Fri 00:00
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What happened
Duni reported net sales of SEK 2,033 million for the third quarter, which was an increase of 3.1%. This growth was driven by strong performance in Australia and increased sales of customers' own-brand products in Europe. However, EBIT was affected by SEK 21 million in restructuring costs, primarily related to the unused portion of the new warehouse in Meppen.
From prnewswire.com
Why it matters
The company noted that operating income was pressured by higher logistics and freight costs, alongside a less favorable product mix in Europe. The restructuring costs related to the Meppen warehouse indicate ongoing operational adjustments by Duni.
From prnewswire.com