Sør-Trøndelag tingrett in Norway has today communicated a verdict in a dispute between Dustin and Sør-Trøndelag Fylkeskommune et al. The verdict, that concerns the interpretation of a contract signed in 2011, is in all material respects in favour of the counterpart. Dustin does not share the court’s ruling in the verdict and intends to appeal.
The members of the Nomination Committee for Dustin Annual General Meeting 2016/2017 have now been appointed.
Dustin signs a framework agreement for IT products with associated services and solutions focusing on servers, storage and backup for Statnett SF according to previously communicated award decision. The agreement has been subject to appeal.
A request has been filed for appeal of the previously announced framework agreement between Statnett and Dustin regarding IT-products and additional services.
Second quarter
Net sales for the quarter increased 11.9 per cent to SEK 2,503 million (2,237).
Organic growth in fixed exchange rates was 8.7 per cent (2.4).
The gross margin increased to 14.9 per cent (14.7).
Adjusted EBITA increased to SEK 124 million (113).
EBIT increased to SEK 106 million (97).
Profit for the quarter amounted to SEK 75 million (74).
Earnings per share, before and after
Dustin Group will hold a conference call for investors, analysts and media on April 5 at CET 09:00 am with reference to the release of the Interim report for the second quarter.
Dustin has won the award decision for a new framework agreement for IT products with associated services and solutions focusing on servers, storage and backup for Statnett SF. The estimated value of the agreement, which extends over a two-year period, is approximately NOK 150 million per year, and includes an option for an additional two-year extension.
To increase efficiency and strengthen the Nordic organization, a new unit including purchasing, customer service and logistics will be formed. The new unit, Operations, will be headed by Jenny Ring who will also be a member of Dustin’s Group Management Team.
First quarter
Net sales for the quarter increased 7.5 per cent to SEK 2,284 million (2,124).
Organic growth in fixed exchange rates was 4.4 per cent (2.5).
The gross margin increased to 14.9 per cent (14.8).
Adjusted EBITA increased to SEK 116 million (105).
EBIT totalled SEK 98 million (87).
Items affecting comparability amounted to a negative SEK 2 million (neg: 2).
Profit for the quarter
Dustin Group will hold a conference call for investors, analysts and media on January 11 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 announced that the company's Annual General Meeting (AGM) held today voted to support all of the resolutions that the Board of Directors and Nomination Committee proposed to the AGM.
The shareholders of Dustin Group AB, reg. no. 556703-3062 (the “Company” or “Dustin”), are hereby invited to attend the annual general meeting, to be held on Tuesday 13 December 2016 at 1.00 p.m. (CET) at Playhouse Teater, Drottninggatan 71A, in Stockholm, Sweden.