Duni Group earnings slide as logistics transition stalls delivery
Operational disruptions during a major logistics overhaul dragged Duni Group into a challenging second quarter, resulting in a net sales decline to SEK 1,823 million. The Malmö-based company reported a sharp drop in operating income to SEK 65 million, as delivery capacity constraints hampered its ability to meet market demand.
The transition to an external logistics partner caused significant bottlenecks, forcing the firm to rely on costlier transport solutions and dual inventories. CEO Robert Dackeskog confirmed that while the shift is intended to create a more scalable structure, the implementation phase led to lost sales volumes and increased overhead. Earnings per share plummeted to SEK -0.44, compared to 1.25 in the same period last year.
To mitigate the financial impact, Duni Group is launching a new efficiency program aimed at streamlining sales and administration across Europe. This initiative is expected to yield annual savings of SEK 30 million by the fourth quarter. While the Middle East market remains weak due to geopolitical tensions affecting tourism, the company is pushing forward with strategic growth, including the integration of Solserv and the rollout of its new d.ls modular lighting platform. Management expects the financial strain from logistics issues to ease significantly in the third quarter as delivery flows stabilize.
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