Dustin, one of the leading e-retailers in the Nordic region, has invested in a warehouse robot solution. The robot solution will improve the level of customer service by reducing handling times in the warehouse and will have the capacity to process 1,600 orderlines per hour, equivalent to 75 per cent of all customer orders.
Dustin has recruited Martin Lindecrantz as new EVP HR. He will take over from Morten Jakobi, who becomes EVP Netherlands responsible for coordinating operations in the Netherlands and commencing the integration of Vincere into Dustin. Henk Makaske, current EVP LCP & SMB Netherlands will continue as operationally responsible of Vincere, but will leave Dustin Group Management.
Dustin increases the pace for the planned development within services and solutions by consolidating offices and reducing the number of employees within the existing strategy. This will lead to an estimated non-recurring cost of SEK 25 million which will generate an estimated yearly saving of SEK 40 million.
Second quarter
Net sales rose 10.2 per cent to SEK 3,543 million (3,215).
Organic growth was 4.0 per cent (7.8), of which SMB accounted for 2.8 per cent (0.1), LCP for 4.1 per cent (16.1) and B2C for 12.5 per cent (neg: 13.5).
The gross margin amounted to 15.7 per cent (16.3).
Adjusted EBITA amounted to SEK 154 million (154), corresponding to an adjusted EBITA margin of 4.3 per
Dustin continues to broaden its offering to include, in addition to products, services to be able to offer IT solutions regardless of customer needs. Now the next step is taken by updating the brand.
Dustin’s President & CEO Thomas Ekman has acquired another 7,000 shares in the company. As per today his holding amounts to 40,500 shares and 537,474 warrants.
The Board of Dustin has resolved to offer the holders of warrants of series 2017/2020 to repurchase their warrants. The offer only concerns the settlement of the warrants and does not entail any changes to the terms of the warrants or the plan.
First quarter
Net sales rose 12.2 per cent to SEK 3,508 million (3,127).
Organic growth was 6.1 per cent (5.9), of which SMB accounted for 0.3 per cent (7.8), LCP for 15.1 per cent (4.9) and B2C for negative 23.4 per cent (pos: 2.0). Growth has been affected by a continued cautious corporate market.
The gross margin amounted to 16.0 per cent (17.4).
Adjusted EBITA declined to SEK 156 million
Dustin Group will hold a conference call for investors, analysts and media on January 8th at CET 09:00 am with reference to the release of the Interim report for the first quarter.
Dustin Group AB (publ) ("Dustin" or the "Company") today held its Annual General Meeting (the "AGM"). The AGM resolved in accordance with all proposals by the Board and the Nomination Committee.
Dustin hosts a Capital Markets Day today at the Logistics Center in Rosersberg. The focus of today is to provide a detailed review of the company's strategy and market position, as well as to present an update on what the company has achieved so far in the five-year plan presented on the Capital Markets Day two years ago.
Dustin's full Annual and Corporate Responsibility Report for 2018/19 is now available in both English and Swedish at the company website, www.dustingroup.com.