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Q4: Higher service content strengthening profitability

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Fourth quarter

  •  Net sales rose 11.6 per cent to SEK 2,524 million (2,262). Organic growth was negative 4.7 per cent (pos: 12.2), of which SMB 8.0 per cent (11.3), LCP negative 13.4 per cent (pos: 15.5) and B2C 1.1 per cent (neg: 8.1).
  •  The gross margin rose to 16.5 per cent (14.3).
  •  Adjusted EBITA increased to SEK 119 million (92), corresponding to an adjusted EBITA margin of 4.7 per cent (4.1).
  •  EBIT totalled SEK 107 million (74) including items affecting comparability of SEK 4 million (neg: 1).
  •  Profit for the quarter amounted to SEK 71 million (48).
  •  Earnings per share before dilution totalled SEK 0.91 (0.64).
  •  Cash flow from operating activities amounted to SEK 59 million (neg: 14).

September 2017 – August 2018

  •  Net sales rose 10.7 per cent to SEK 10,300 million (9,306). The organic growth was 2.0 per cent (8.6) of which SMB 9.6 per cent (6.2), LCP negative 3.8 per cent (pos: 11.8) and B2C 7.9 per cent (neg: 2.7).
  •  The gross margin rose to 15.9 per cent (14.8).
  •  Adjusted EBITA increased to SEK 501 million (426) corresponding to an adjusted EBITA margin of 4.9 per cent (4.6).
  •  EBIT totalled SEK 444 million (349), including items affecting comparability of SEK 1 million (neg: 7).
  •  Profit for the period amounted to SEK 305 million (239).
  •  Earnings per share before dilution totalled SEK 3.99 (3.14).
  •  Cash flow from operating activities amounted to SEK 748 million (214).
  •  Net debt in relation to adjusted EBITDA in the period was 3.3 (2.3).
  •  The Board of Directors proposes a dividend of in total SEK 239 million (213), corresponding to SEK 3.10 (2.80) per outstanding share, before consideration of the outcome of the proposed rights issue.

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 10, 2018.

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 1,000 employees. Sales for the 2017/18 financial year amounted to SEK 10.3 billion. About 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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