Q4: Robust organic growth and earnings performance

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Fourth quarter

•    The acquisition of Centralpoint Holding B.V. (“Centralpoint”) was conducted on June 3, 2021 and, accordingly, has been included in the consolidated income statement and balance sheet from the fourth quarter 20/21.

•    Net sales rose 77.6 per cent to SEK 5,105 million (2,874).

•    Organic sales growth was 20.5 per cent (neg: 2.3), of which SMB accounted for 17.9 per cent (neg: 2.6), LCP 23.7 per cent (neg: 1.5) and B2C 7.9 per cent (neg: 8.5).

•    The gross margin amounted to 14.8 per cent (15.1).

•    Adjusted EBITA amounted to SEK 229 million (101), corresponding to an adjusted EBITA margin of 4.5 per cent (3.5).

•    EBIT totalled SEK 154 million (85), including items affecting comparability of a negative SEK 38 million (pos: 9).

•    Profit for the quarter was SEK 65 million (69).

•    Earnings per share before dilution totalled SEK 0.65 (0.75).

•    Cash flow from operating activities amounted to a negative SEK 222 million (pos: 20).

September 2020-August 2021

•    Net sales rose 20.3 per cent to SEK 15,878 million (13,195).

•    Organic sales growth was 9.6 per cent (2.3), of which SMB accounted for 11.6 per cent (neg: 1.4), LCP 8.0 per cent (6.1) and B2C 8.8 per cent (neg: 3.9).

•    The gross margin amounted to 15.6 per cent (15.5).

•    Adjusted EBITA amounted to SEK 759 million (517), corresponding to an adjusted EBITA margin of 4.8 per cent (3.9).

•    EBIT totalled SEK 576 million (387), including items affecting comparability of a negative SEK 73 million (neg: 31).

•    Profit for the period amounted to SEK 357 million (277).

•    Earnings per share before dilution totalled SEK 3.82 (3.04).

•    Cash flow from operating activities amounted to SEK 169 million (868).

•    At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 3.4 (2.6), including the 12-month earnings effect for Centralpoint and excluding the effects of IFRS 16 Leases. When calculated including these effects, the figure was 3.3 (2.7).

•    The Board of Directors proposes a total dividend of SEK 250 million (195), corresponding to SEK 2.21 (2.20) per share outstanding.

“The last quarter of the financial year was eventful, where we closed the acquisition of Centralpoint, completed a fully subscribed rights issue and report a strong growth and earnings performance. Our organic sales growth was just over 20 per cent for the quarter following strong development in all segments. The acquisition of Centralpoint, together with our dynamic pricing model and cost discipline resulted in adjusted EBITA more than doubling to SEK 229 million (101) and the EBITA margin was strengthened to 4.5 per cent (3.5). With our size, financial strength and expertise, we foresee favourable conditions for long-term profitable growth in both the Nordic region and Benelux, as well as further expansion in Europe”, says Thomas Ekman, President and CEO at Dustin.

For additional information, please contact:

Fredrik Sätterström, Head of Investor Relations

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

Contact person:

Eva Ernfors, Head of Communication

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 6, 2021.

About Dustin

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

We offer approximately 255,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2020/21 amounted to approximately SEK 15.9 billion and just over 90 per cent of the revenues came from the corporate market.

Dustin has approximately 2,400 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.