Dustin well on the way to becoming circular

News   •   Nov 26, 2020 12:00 CET

Dustin, a leading online IT partner in the Nordic region and the Netherlands, has already made good progress towards achieving its goal of a 100% circular offering by 2030. During the financial year 2019/20, Dustin reused almost 93% of all recovered products, while the remaining 7% was recycled. This can be seen in Dustin’s Annual and Corporate Responsibility Report.

Dustin publishes Annual and Corporate Responsibility Report for 2019/20

Press releases   •   Nov 17, 2020 13:30 CET

Dustin's full Annual and Corporate Responsibility Report for 2019/20 is now available in both English and Swedish at the company website, www.dustingroup.com.

- The changes in behaviour, with an even greater focus on sales online and mobility have allowed us to accelerate the pace in implementing our strategy. Our customers want to purchase and manage their services digitally to an even greater extent, said 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 Securities Markets Act. The information was submitted for publication at 13:30 CET on November 17, 2020.

About Dustin

Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2019/20 amounted to approximately SEK 13.2 billion and just over 90 per cent of the revenues came from the corporate market.

Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

​Dustin's full Annual and Corporate Responsibility Report for 2019/20 is now available in both English and Swedish at the company website, www.dustingroup.com.

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Q4: Robust measures generate results in the short and long term

Press releases   •   Oct 07, 2020 08:00 CEST

Fourth quarter

  • Net sales declined 5.0 per cent to SEK 2,874 million (3,026).
  • Organic sales growth was a negative 2.3 per cent (pos: 11.2), of which SMB accounted for negative 2.6 per cent (pos: 2.3), LCP negative 1.5 per cent (pos: 20.8) and B2C negative 8.5 per cent (pos: 0.7).
  • The gross margin amounted to 15.1 per cent (16.2).
  • Adjusted EBITA amounted to SEK 101 million (120), corresponding to an adjusted EBITA margin of 3.5 per cent (4.0).
  • EBIT totalled SEK 85 million (102), including items affecting comparability of SEK 9 million (3).
  • Profit for the quarter was SEK 69 million (73).
  • Earnings per share before dilution totalled SEK 0.77 (0.83).
  • Cash flow from operating activities amounted to SEK 20 million (71).

    • September 2019-August 2020

  • Net sales rose 5.3 per cent to SEK 13,195 million (12,536).
  • Organic sales growth was 2.3 per cent (9.9), of which SMB accounted for negative 1.4 per cent (pos: 4.0), LCP 6.1 per cent (16.5) and B2C negative 3.9 per cent (neg: 3.9).
  • The gross margin amounted to 15.5 per cent (16.7).
  • Adjusted EBITA declined to SEK 517 million (560), corresponding to an adjusted EBITA margin of 3.9 per cent (4.5).
  • EBIT totalled SEK 387 million (489), including items affecting comparability of negative SEK 31 million (pos: 3.5).
  • Profit for the period amounted to SEK 277 million (356).
  • Earnings per share before dilution totalled SEK 3.13 (4.12).
  • Cash flow from operating activities amounted to SEK 868 million (264).
  • At the end of the period, net debt in relation to adjusted EBITDA in the past 12-month period, excluding the effects of the implementation of IFRS 16 Leases, was 2.6 (2.9 at the end of 2018/19). When calculated including these effects, the figure was 2.7 (–).
  • The Board of Directors intends to submit a proposal for the distribution of profits in connection with the convening of the Annual General Meeting.

    • “We see a stable development in our online-based core business, with a clear recovery in demand from the smaller and medium-sized companies. The market remains difficult to assess in the short-term and the corona pandemic has had effects in the fourth quarter, but we have also adopted swift and robust measures in both the short and long term to meet the general development. At the same time, the change with an increasing share of online sales is accelerating in our market and we have intensified our strategic work by continuing to improve our core business online and our efficiency and reduce our costs. The automation of the central warehouse, the efficiency initiatives within the organization for services and solutions and the consolidation of our data centres have laid a very solid foundation for higher profitability moving forward”, says Thomas Ekman, President and CEO at Dustin.

    Read the report here

    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 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 October 7, 2020.

    About Dustin

    Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

    We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2019/20 amounted to approximately SEK 13.2 billion and just over 90 per cent of the revenues came from the corporate market.

    Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

    Read more »

    Invitation to presentation of Dustin’s year-end report on October 7

    Press releases   •   Sep 30, 2020 07:45 CEST

    Dustin Group will hold a conference call for investors, analysts and media on October 7th at CET 09:00 am with reference to the release of the year-end report for the financial year 2019/20.

    CEO Thomas Ekman and CFO Johan Karlsson will present the financial result for the financial year 2019/20 and answer questions. The conference call will be held in English. Related presentation material will be available at the corporate website www.dustingroup.com under Investors https://www.dustingroup.com/en/reports before the start of the conference call.

    Dustin Group will publish the year-end report the same morning at CET 8:00 am.

    Dial in number:

    +46850558368

    +443333009265

    +18338230586

    The presentation can also be followed live via webcast here

    For additional information, please contact:

    Fredrik Sätterström, Head of Investor Relations: fredrik.satterstrom@dustin.se, +46 705 10 10 22

    About Dustin

    Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

    We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2018/19 amounted to approximately SEK 12.5 billion and just over 90 per cent of the revenues came from the corporate market.

    Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

    ​Dustin Group will hold a conference call for investors, analysts and media on October 7th at CET 09:00 am with reference to the release of the year-end report for the financial year 2019/20.

    Read more »

    Dustin takes corporate responsibility work to the next level – climate-neutral and circular by 2030

    News   •   Sep 16, 2020 10:00 CEST

    Dustin, a leading online IT partner in the Nordic region and the Netherlands, is now launching a new strategy for corporate responsibility. This strategy, which extends until 2030, focuses on three areas: climate, circularity and social equality. Among other things, the company is aiming to be the very first e-commerce provider in the Nordic region to be entirely climate neutral by 2030.

    Dustin strengthens the position within standardised services through Danish acquisition

    News   •   Sep 10, 2020 10:00 CEST

    Exato is specialised in standardised services including IT-security, and more than half of their revenue comes from subscription services to small and medium sized companies.

    The acquisition contributes to Dustin’s strategy of increasing sales of services through both acquisitions and organic growth. Exato both strengthens and complements Dustin’s offering in Denmark.

    - Exato fits very well to our strategy, focusing on standardised subscription services. Their latest focus on standardised IT-security services will strengthen Dustin’s offering even further. At the same time, we increase our capacity within managed services in Denmark, says Alexandra Drevenlid EVP Services & Solutions Dustin.

    Exato’s revenue amounted to approximately 30 MDKK during the previous fiscal year. The company has about 20 employees and offices in Copenhagen and Odense. Exato is acquired from the four founders who will stay in the company.

    - Becoming a part of Dustin is a great opportunity and a natural next step for us. It enables us to continue our focus on developing and delivering standard offerings, but to a larger customer base, says Anders Vedel, CEO of Exato.

    Exato will be consolidated in Dustin during September. The acquisition will have marginal impact on Dustin’s earnings per share in the current financial year.

    For additional information, please contact:

    Eva Ernfors, Head of Communication: eva.ernfors@dustin.se, +46 70 258 62 94

    About Dustin

    Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

    We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2018/19 amounted to approximately SEK 12.5 billion and just over 90 per cent of the revenues came from the corporate market.

    Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm. 

    Exato is specialised in standardised services including IT-security, and more than half of their revenue comes from subscription services to small and medium sized companies.

    Read more »

    Q3: Dustin draws strength from increased digitalisation and a high pace of change

    Press releases   •   Jul 01, 2020 08:00 CEST

    Third quarter

  • Net sales rose 3.2 per cent to SEK 3,271 million (3,169).
  • Organic sales growth was 1.3 per cent (15.3), of which SMB accounted for negative 5.7 per cent (6.6), LCP for 6.6 per cent (25.0) and B2C for 9.7 per cent (neg: 5.0).
  • The gross margin amounted to 15.1 per cent (16.8).
  • Adjusted EBITA amounted to SEK 106 million (124), corresponding to an adjusted EBITA margin of 3.2 per cent (3.9).
  • EBIT totalled SEK 52 million (78), including items affecting comparability of a negative SEK 29 million (neg: 26.2).
  • Profit for the quarter was SEK 31 million (48).
  • Earnings per share before dilution totalled SEK 0.35 (0.54).
  • Cash flow from operating activities amounted to SEK 468 million (101).
  • The short-term market trend is difficult to assess. Our assessment is that we will see a return to a more stable and normal market situation in the latter part of 2020.

    • September 2019-May 2020

  • Net sales rose 8.5 per cent to SEK 10,322 million (9,510).
  • Organic sales growth was 3.8 per cent (9.5), of which SMB accounted for negative 1.0 per cent (4.6), LCP for 8.5 per cent (15.3) and B2C for negative 2.5 per cent (neg: 5.2).
  • The gross margin amounted to 15.6 per cent (16.8).
  • Adjusted EBITA declined to SEK 416 million (440), corresponding to an adjusted EBITA margin of 4.0 per cent (4.6).
  • EBIT totalled SEK 303 million (388), including items affecting comparability of negative SEK 40 million (pos: 0.2).
  • Profit for the period amounted to SEK 209 million (283).
  • Earnings per share before dilution totalled SEK 2.36 (3.30).
  • Cash flow from operating activities amounted to SEK 848 million (193).
  • At the end of the period, net debt in relation to adjusted EBITDA in the past 12-month period, excluding the effects of the implementation of IFRS 16 Leases, was 2.5 (2.9 at the end of 2018/19). When calculated including these effects, the figure was 2.9 (-).

    • “The market is difficult to assess in the short term, but we have a long-term attractive position. The pace of digitalisation in society, with increasing online sales and a greater need for mobility, has accelerated, driven by the corona pandemic. We are well-positioned for these trends, which has made it possible for us to raise the pace of our transformation. In the third quarter, we further improved our working capital, thereby strengthening our balance sheet and reducing our leverage. We reported positive sales growth of 3.2 per cent for the quarter, of which more than 1.3 per cent was organic. Adjusted EBITA declined compared with the year-earlier quarter to SEK 106 million. Furthermore, based on the prevailing market situation, we have implemented measures to adapt the organisation and reduce our costs”, says Thomas Ekman, President and CEO at Dustin.

    Read the entire report here

    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 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 1, 2020.

    About Dustin

    Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

    We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2018/19 amounted to approximately SEK 12.5 billion and just over 90 per cent of the revenues came from the corporate market.

    Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

    Read more »

    Invitation to presentation of Dustin´s Interim report on July 1

    Press releases   •   Jun 24, 2020 07:58 CEST

    Dustin Group will hold a conference call for investors, analysts and media on July 1st at CET 09:00 am with reference to the release of the Interim report for the third quarter.

    CEO Thomas Ekman and CFO Johan Karlsson will present the financial result for the third quarter 2019/20 and answer questions. The conference call will be held in English. Related presentation material will be available at the corporate website www.dustingroup.com under Investors https://www.dustingroup.com/en/reports before the start of the conference call.

    Dustin Group will publish the interim report for the third quarter the same morning at CET 8:00 am.

    Dial in number:

    +46 8 566 427 06

    +44 333 300 926 5

    +1 833 526 834 7

    The presentation can also be followed live via webcast here

    For additional information, please contact:

    Fredrik Sätterström, Head of Investor Relations: fredrik.satterstrom@dustin.se, +46 705 10 10 22

    About Dustin

    Dustin is a leading online IT partner with operations in the Nordics and the Netherlands. We help our customers to stay in the forefront by providing them with the right IT solution, at the right time and at the right price.

    We offer approximately 255,000 products with related services to companies, the public sector and private individuals. The main focus is on SMEs. Sales for the financial year 2018/19 amounted to approximately SEK 12.5 billion and just over 90 per cent of the revenues came from the corporate market.

    Dustin Group has more than 1,800 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.

    Dustin Group will hold a conference call for investors, analysts and media on July 1st at CET 09:00 am with reference to the release of the Interim report for the third quarter.

    Read more »

    Changes to Dustin’s Group Management: new EVP Marketing & Communication

    Press releases   •   Jun 16, 2020 08:15 CEST

    Stephanie Forsblom becomes new EVP Marketing & Communication and member of Dustin’s Group Management. It is a newly established role with that brings together the responsibility for all external and internal communication to further increase the focus on strengthening Dustin’s position in the market.

    Dustin increases pace of warehouse activities with new robot solution

    News   •   Jun 11, 2020 11:00 CEST

    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.

    Images & Videos 10 images

    Contacts 3 contacts

    Fredrik Sätterström

    • Press Contact
    • Head of Investor Relations
    • irfp@dgjusoftidsngzbropbuppc.sepeza
    • +46 705 10 10 22

    Karin Tränk

    • Press Contact
    • Press & PR Manager
    • katmrinen.zgtrdwanvjk@gnduixstdhinwz.shdeub
    • +46 73 850 54 85

    About Dustin

    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 1.800 employees. Sales for the 2019/20 financial year amounted to SEK 13.2 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.

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