Second quarter
• Net sales amounted to SEK 5,480 million (5,246).
• Organic sales growth was 3.7 per cent (-16.4), of which SMB accounted for -2.6 per cent (-12.2) and LCP for 6.4 per cent (-18.1).
• The gross margin amounted to 13.9 per cent (16.3).
• Adjusted EBITA amounted to SEK 110 million (201), corresponding to an adjusted EBITA margin of 2.0 per cent (3.8).
• EBIT totalled SEK -2,503 million (142), including a non-cash impairment of primarily goodwill of SEK -2,500 million (-) related to continued uncertainty regarding current and future market conditions as well as a strategic adaptation of the service offering. Items affecting comparability of SEK -55 million (-16) related to ongoing efficiency measures has affected EBIT.
• Loss for the quarter was SEK -2,529 million (profit: 76).
• Earnings per share before dilution totalled
SEK -5.59 (0.18). Earnings per share before impairment totalled to SEK -0.06.
• Cash flow from operating activities amounted to SEK 180 million (-202).
• At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 6.0 (3.1).
• The Board of Directors has resolved on a fully guaranteed rights issue of approximately SEK 1,250 million, subject to approval by an extraordinary general meeting, to strengthen the company's financial position and ensure a high pace of change to improve profitability.
September 2024 - February 2025
• Net sales declined 7 per cent to SEK 10,262 million (11,040).
• Organic sales growth was -6.6 per cent (-16.7), of which SMB accounted for -5.5 per cent (-10.9) and LCP for -7.0 per cent (-18.9).
• The gross margin amounted to 14.1 per cent (15.8).
• Adjusted EBITA amounted to SEK 131 million (393), corresponding to an adjusted EBITA margin of 1.3 per cent (3.6).
• EBIT totalled SEK -2,555 million (271), including a non-cash impairment of primarily goodwill of SEK -2,500 million (-) related to continued uncertainty regarding
current and future market conditions as well as a strategic adaptation of the service offering. Items affecting comparability of SEK -65 million (-33) related to ongoing efficiency measures has affected EBIT.
• Loss for the period amounted to SEK -2,606 million (profit: 109).
• Earnings per share before dilution totalled SEK -5.76 (0.34). Earnings per share before impairment totalled to SEK -0.23.
• Cash flow from operating activities amounted to SEK 138 million (49).
"We have recovered the sales shortfall from the first quarter and reported positive organic growth as well as improved profitability compared to the two most recent preceding quarters. The market showed signs of some stabilisation, but as a whole it remains tentative and cautious. The new organisation is fully implemented, and the savings measures are proceeding as planned, with an expected full impact of SEK 150-200 million in the first quarter of 2025/26. These initiatives are now being followed up with a greater strategic focus on our standardised services. To strengthen the balance sheet and thereby enable a high pace of change for significant profitability improvement, the Board of Directors has decided on a fully guaranteed rights issue, subject to approval by an extraordinary general meeting", 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
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 at 8:00 a.m. CEST on April 2, 2025.
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.
