Q3: Strong growth and continued investments

Third quarter

• Net sales rose 28.7 per cent to SEK 3,169 million (2,462).
• Organic growth was 15.3 per cent (1.6), of which SMB accounted for 6.6 per cent (9.4), LCP for 25.0 per cent (neg: 5.0) and B2C for negative 5.0 per cent (10.9).
• The gross margin rose to 16.8 per cent (16.1).
• Adjusted EBITA increased to SEK 124 million (108), corresponding to an adjusted EBITA margin of 3.9 per cent (4.4).
• EBIT totalled SEK 78 million (98), including items affecting comparability of a negative SEK 26.2 million (neg: 0.6).
• Profit for the quarter amounted to SEK 48 million (67).
• Earnings per share before dilution totalled SEK 0.54 (0.87).
• Cash flow from operating activities amounted to SEK 101 million (221).

September 2018 – May 2019

• Net sales rose 22.3 per cent to SEK 9,510 million (7,776).
• Organic growth was 9.5 per cent (4.1), of which SMB accounted for 4.6 per cent (9.9), LCP for 15.3 per cent (neg: 0.6) and B2C for negative 5.2 per cent (10.0).
• The gross margin rose to 16.8 per cent (15.7).
• Adjusted EBITA increased to SEK 440 million (382), corresponding to an adjusted EBITA margin of 4.6 per cent (4.9).
• EBIT totalled SEK 388 million (337), including items affecting comparability of SEK 0.2 million (-3).
• Profit for the period amounted to SEK 283 million (235).
• Earnings per share before dilution totalled SEK 3.30 (3.07).
• Cash flow from operating activities amounted to SEK 193 million (689).
• At the end of the period, net debt in relation to adjusted EBITDA in the past 12-month period was 2.9 (3.3 at the end of 2017/18).

For further information, please contact:

Fredrik Sätterström, Head of Investor Relations

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

Contact person:

Eva Ernfors, Head of Information

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 July 3, 2019.

About Dustin

Dustin is a leading online based IT-partner with operations in the Nordics and the Netherlands. The Company offers IT products with associated services and solutions to companies, the public sector and private individuals with a main focus on small and medium-sized companies. Dustin functions as a bridge between the manufacturers’ wide-ranging offerings and customer requirements. The Company offers some 255,000 products with associated services where Dustin’s employees support customers in finding the appropriate solution.

Dustin has more than 1.500 employees. Sales for the 2017/18 financial year amounted to SEK 10.3 billion. More than 90 per cent of Dustin’s income derives from the corporate market. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka, Stockholm.