Q4: New organisation for strengthened customer focus and increased efficiency

Fourth quarter

•    Net sales amounted to SEK 4,988 million (5,088).

•    Organic sales growth was 0.1 per cent (-16.9), of which SMB -9.6 per cent (-11.8) and LCP 4.0 per cent (-18.9).

•    The gross margin amounted to 12.9 per cent (14.6).

•    Adjusted EBITA amounted to SEK 28 million (142), corresponding to an adjusted EBITA margin of 0.6 per cent (2.8).

•    EBIT totalled SEK -25 million (75), including items affecting comparability of SEK -7 million (-20).

•    Loss for the quarter was SEK -83 million (3).

•    Earnings per share before dilution totalled SEK -0.18 (0.01).

•    Cash flow from operating activities amounted to SEK -355 million (23).

September 2023–August 2024

•    Net sales declined 8.9 per cent to SEK 21,482 million (23,577).

•    Organic sales growth was -9.9 per cent (-5.0), of which SMB -10.4 per cent (-10.5) and LCP -9.7 per cent (-2.6).

•    The gross margin amounted to 14.9 per cent (14.5).

•    Adjusted EBITA amounted to SEK 551 million (724), corresponding to an adjusted EBITA margin of 2.6 per cent (3.1).

•    EBIT totalled SEK 332 million (467), including items affecting comparability of SEK -40 million (-73).

•    Profit for the period amounted to SEK 53 million (174).

•    Earnings per share before dilution totalled SEK 0.14 (0.81).

•    Cash flow from operating activities amounted to SEK 147 million (619).

•    At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 4.0 (5.0).

•    The Board of Directors proposes that no dividend be paid for financial year 2023/24.

“We report a fourth quarter in line with the preliminary earnings update that was published in September. Sales remained sluggish during the quarter despite a positive sales trend in the public sector. EBITA was burdened by lower gross earnings resulting from a high share of new framework agreements in the LCP segment and negative volume effects in the SMB segment. Cash flow for the quarter was impacted by a negative seasonal trend in net working capital, which also resulted in higher net debt in the quarter. While the trend remains cautious among business customers, we are standing firm by our assessment of a gradual improvement in the market over the coming quarters”, says Johan Karlsson, President and CEO at Dustin.

For additional information, please contact:

Fredrik Sätterström, Head of Investor Relations

fredrik.satterstrom@dustin.com, +46 70 510 10 22

Contact person:

Eva Ernfors, Head of Communication

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

About Dustin

Dustin is a leading online based IT partner in the Nordics and Benelux. We help our customers to stay in the forefront by providing them with the right IT solution for their needs.

We offer approximately 280,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2023/24 amounted to approximately SEK 21.5 billion and just over 90 per cent of the revenues came from the corporate market.

Dustin has approximately 2,300 employees and has been listed on Nasdaq Stockholm since 2015, with its headquarters in Nacka Strand just outside the centre of Stockholm.