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DUNI GROUP

Acquisitions and renewal
  for continued success

 Despite the market being slower than expected, Duni Group continued to grow
 in 2025 both organically and through strategic acquisitions. Updated business
 objectives provide a clear long-term direction, and the work carried out in 2025
 established a solid foundation from which to meet the market when it picks up.

At the beginning of the year, there were hopes of a certain degree      WELL EQUIPPED FOR THE FUTURE
          of market recovery in the Duni Group’s business areas –       During the year, Duni Group strengthened its position by continuing
           tableware and packaging solutions for hotels, restaurants    to be a global industry leader and providing a more regionally
and catering (HoReCa). Despite low demand and fewer guests in the       customised offering. The Group’s biggest market, Germany, was
European restaurant market, Duni Group has been proactive when it       supplemented by a stronger presence in the UK – driven by the
comes to streamlining its operations, developing its product portfolio  acquisition of Poppies – and greater focus and growth in the Asia-
and making several key investments and strategic acquisitions.          Pacific (APAC) region. This is in line with the Group’s strategy to
                                                                        diversify and localise its offering. It has also developed its approach
  “We’ve proven our resilience,” says Robert Dackeskog, CEO of Duni     to sales with even more specialised sales teams, one for each of the
Group. “Despite a challenging and volatile market, we’ve grown and      company’s two business areas: Dining Solutions and Food Packaging
continued to deliver value to our customers.”                           Solutions.

   The recently acquired companies Poppies, SETI and LinePack were        “The complexity of some of our products requires our sales team to
integrated in the business, enhancing the Group’s offering, presence    have specialised knowledge,” says Robert Dackeskog. “It also enables
and geographical position in priority markets. Meanwhile, the new       each business area to take full responsibility for the entire customer
logistics hub in Meppen, Germany, is still under development – an       journey from now on.”
investment expected to generate cost savings and improvements in
efficiency when commissioned in the first quarter of 2026.                 During the year, the two identified growth drivers, Duniform and
                                                                        Duni Lighting Solutions, were developed even further. Duniform
BUSINESS OBJECTIVES UPDATED                                             was established as a separate brand with a dedicated sales force –
Another key change is establishing the long-term direction of the       boosted by the acquisition of Linepack. It offers an overall solution
business, with updated financial and sustainability targets presented   for sealable packaging for fresh food intended for grocery stores and
during the year, effective from January 2026.                           catering kitchens, including machinery, service and materials. Duni
                                                                        Lighting Solutions underwent an extensive process of development
  “The company’s growth target has been revised upwards from            to enable the LED range in the hospitality segment to be scaled up in
five to six percent and will in the future include organic growth and   the future.
growth through acquisitions,” explains Robert Dackeskog. “The
dividend target was also raised to >50 percent. Furthermore, the          “We have a strong position in the HoReCa market and have a
Group’s sustainability targets have been updated to additionally        well-diversified portfolio. Thanks to this year’s work on product
strengthen the link to the ESG agenda and provide a broader             development, streamlining and strategic acquisitions, we’re well
strategic framework for environmental, social and corporate             equipped for the future,” concludes Robert Dackeskog.
governance efforts.”
                                                                               Thanks to this year’s work on
                                                                           product development, streamlining

                                                                             and strategic acquisitions, we’re
                                                                                well equipped for the future

                                                                        ROBERT DACKESKOG,
                                                                             President and CEO

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