Dustin Group AB
OTC:DUSXF
Dustin Group AB
Dustin Group AB operates as a holding company. The company is headquartered in Nacka Strand, Stockholm and currently employs 2,405 full-time employees. The company went IPO on 2015-02-13. The company offers a portfolio of hardware, software and services, aimed at businesses, private customers and public organizations. The firm is divided in two business segments: business customer segment, also known as Business-to-Business (B2B); and consumer segment, also called Business-to-Consumer (B2C). Its product offering comprises computers and tablets, accessories, servers and storage supplies, network and security solutions, components, printers and supplies, phones, global positioning systems (GPS), audio and video equipment, office equipment, and software. Its solutions and services include personalized and secure mobility services, software licensing, print solutions, IT infrastructure, cloud services, installation, financing, client management, and support services, among others. The firm operates in Sweden, Denmark, Norway and Finland.
Dustin Group AB operates as a holding company. The company is headquartered in Nacka Strand, Stockholm and currently employs 2,405 full-time employees. The company went IPO on 2015-02-13. The company offers a portfolio of hardware, software and services, aimed at businesses, private customers and public organizations. The firm is divided in two business segments: business customer segment, also known as Business-to-Business (B2B); and consumer segment, also called Business-to-Consumer (B2C). Its product offering comprises computers and tablets, accessories, servers and storage supplies, network and security solutions, components, printers and supplies, phones, global positioning systems (GPS), audio and video equipment, office equipment, and software. Its solutions and services include personalized and secure mobility services, software licensing, print solutions, IT infrastructure, cloud services, installation, financing, client management, and support services, among others. The firm operates in Sweden, Denmark, Norway and Finland.
Organic Growth: Dustin delivered strong organic growth of 18% in Q1, largely driven by public sector demand and a weak comparison quarter.
Profitability: Adjusted EBITA rose significantly to SEK 83 million, with margin improvement to 1.5% from 0.4% last year, aided by efficiency measures and higher sales.
Gross Margin: Gross margin declined to 13.1% from 14.3%, mainly due to a high share of public sector and PC sales, and continued price pressure in the Netherlands.
Cash Flow & Leverage: Strong operating cash flow of SEK 381 million and reduced leverage (net debt/EBITDA) to 3.1x from 5.2x last year.
Segment Performance: LCP segment saw robust growth (+28% organic); SMB segment sales declined 5%, but margins improved due to strict price discipline.
Outlook: Management sees continued market uncertainty into 2026, partly due to expected memory component shortages and ongoing economic caution in SMB.
Strategic Focus: Company remains committed to B2B focus, standardized services, and ongoing efficiency improvements.
