Q1: Strong start to the year

First quarter

• Net sales rose 69 per cent to SEK 6,247 million (3,696), primarily as a result of the acquisition of Centralpoint.
• Organic sales growth was 11.0 per cent (8.0), of which SMB accounted for 11.7 per cent (7.1), LCP 12.9 per cent (8.2) and B2C negative 17.4 per cent (pos:16.0).
• Organic sales growth for comparable units (pro forma) was 10.6 per cent.
• The gross margin amounted to 14.3 per cent (15.6).
• Adjusted EBITA amounted to SEK 301million (171), corresponding to an adjusted EBITA margin of 4.8 per cent (4.6).
• EBIT totalled SEK 251 million (132), including items affecting comparability of a negative SEK 7 million (neg: 14).
• Profit for the quarter was SEK 166 million (90).
• Earnings per share before dilution totalled SEK 1.47 (0.99).
• Cash flow from operating activities amounted to SEK 369 million (265).
• At the end of the period, net debt in relation to adjusted EBITDA during the past 12-month period, including the 12-month earnings effect of Centralpoint, but excluding the effects of IFRS 16 Leases, was 3.1 (2.2).

“The first quarter shows that availability and delivery capacity generate high growth. I am proud of the strong teams at Dustin who, through close collaboration with our suppliers and partners, have been able to meet the demand our customers have for the delivery of the right product, software or service, at the right time and at the right price”, says Thomas Ekman, President and CEO of Dustin.

“We have worked hard in recent years to automate our purchasing, our pricing and our logistics - activities that give results both in growth and margin. Organic growth was 11 percent and sales amounted to SEK 6,247 (3,696) million. Adjusted EBITA was SEK 301 (171) million and the EBITA margin was strengthened to 4.8 (4.6) percent”, says Thomas Ekman, President and CEO of Dustin.

Read the full report here.

For additional information, please contact:

Karl Förander, Head of Investor Relations:

karl.forander@dustin.se, +46 76 721 06 59

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 January 12, 2022.

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 280,000 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 more than 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.