The shareholders of Dustin Group AB (publ), reg. no. 556703-3062 (the "Company" or "Dustin"), are hereby invited to attend the annual general meeting, to be held on Wednesday 13 December 2017 at 2.00 p.m. (CET) at Playhouse Teater, Drottninggatan 71A, in Stockholm, Sweden.
Dustin’s Chairman of the Board Fredrik Cappelen has informed that he will not make himself available for re-election at the Annual General Meeting of shareholders 2016/17. The nomination committee nominates Mia Brunell Livfors as new Chairman of the Board.
Fourth quarter
Net sales for the quarter rose 15.9 per cent to SEK 2,262 million (1,952).
Organic growth in fixed exchange rates was 12.2 per cent (10.2).
The gross margin amounted to 14.3 per cent (15.3).
Adjusted EBITA increased to SEK 92 million (81).
EBIT totalled SEK 74 million (65).
Items affecting comparability amounted to a negative SEK 1 million (-).
Profit for the quarter totalled
Dustin has the pleasure of inviting investors, analysts and media to a Capital Markets Day, Thursday, November 30, 2017 at the Group's Logistics Center in Rosersberg, Stockholm.
Dustin Group will hold a conference call for investors, analysts and media on October 18 at CET 09:00 am with reference to the release of the year-end report.
The Board of Directors of Dustin has appointed Thomas Ekman to new President and CEO. He will assume the position as per 1 January 2018.
Third quarter
Net sales for the quarter rose 13.5 per cent to SEK 2,257 million (1,989).
Organic growth at fixed exchange rates was 9.2 per cent (3.6).
The gross margin was 15.1 per cent (15.4).
Adjusted EBITA increased to SEK 94 million (91).
EBIT totalled SEK 72 million (75).
Items affecting comparability amounted to a negative SEK 4 million (neg: 3).
Profit for the quarter totalled SEK 47 m
Dustin Group will hold a conference call for investors, analysts and media on July 5 at CET 09:00 am with reference to the release of the Interim report for the third quarter.
Dustin’s CEO Georgi Ganev has informed of his intention to leave his position at Dustin at the end of the year in order to take on the position as CEO of Kinnevik.
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.