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Q4: Continued strengthened market position during the quarter

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Fourth quarter

  •  Net sales rose 19.9 per cent to SEK 3,026 million (2,524).
  •  Organic growth was 11.2 per cent (neg: 4.7) of which SMB accounted for 2.3 per cent (8.0), LCP for 20.8 per cent (neg: 13.4) and B2C for 0.7 per cent (1.1).
  •  The gross margin was 16.2 per cent (16.5).
  •  Adjusted EBITA increased to SEK 120 million (119), corresponding to an adjusted EBITA margin of 4.0 per cent (4.7).
  •  EBIT totalled SEK 102 million (107), including items affecting comparability of SEK 3 million (4).
  •  Profit for the quarter was SEK 73 million (71).
  •  Earnings per share before dilution totalled SEK 0.83 (0.90).
  •  Cash flow from operating activities amounted to SEK 71 million (59).

September 2018 – August 2019

  •  Net sales rose 21.7 per cent to SEK 12,536 million (10,300).
  •  Organic growth was 9.9 per cent (2.0), of which SMB accounted for 4.0 per cent (9.6), LCP for 16.5 per cent (neg: 3.8) and B2C for a negative 3.9 per cent (pos: 7.9).
  •  The gross margin rose to 16.7 per cent (15.9).
  •  Adjusted EBITA totalled SEK 560 million (501), corresponding to an adjusted EBITA margin of 4.5 per cent (4.9).
  •  EBIT totalled SEK 489 million (444), including items affecting comparability of 3.5 million (1).
  •  Profit for the period amounted to SEK 356 million (305).
  •  Earnings per share before dilution totalled SEK 4.12 (3.91).
  •  Cash flow from operating activities amounted to SEK 264 million (748).
  •  At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 2.9 (3.3 at the end of 2017/18).
  •  The Board of Directors proposes a total dividend of SEK 266 million (239), corresponding to SEK 3.00 (2.71) per share outstanding.

For further information, please contact:  

Fredrik Sätterström, Head of Investor Relations

fredrik.satterstrom@dustin.se, +46 705 10 10 22

Contact person:

Eva Ernfors, Head of Information

eva.ernfors@dustin.se, +46 70 258 62 94

This information is information that Dustin Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on October 9, 2019.

About Dustin

Dustin is a leading online based IT-partner with operations in the Nordics and the Netherlands. The Company offers IT products with associated services and solutions to companies, the public sector and private individuals with a main focus on small and medium-sized companies. Dustin functions as a bridge between the manufacturers’ wide-ranging offerings and customer requirements. The Company offers some 255,000 products with associated services where Dustin’s employees support customers in finding the appropriate solution.

Dustin has more than 1.500 employees. Sales for the 2018/19 financial year amounted to SEK 12.5 billion. More than 90 per cent of Dustin’s income derives from the corporate market. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.

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