Dustin

Fourth quarter

·    Net sales amounted to SEK 5,088 million (5,743).

·    Organic sales growth was a -16.9 per cent (15.0), of which SMB accounted for -11.8 per cent (-1.3) and LCP -18.9 per cent (24.6).

·    The gross margin amounted to 14.6 per cent (14.2).

·    Adjusted EBITA amounted to SEK 142 million (202), corresponding to an adjusted EBITA margin of 2.8 per cent (3.5).

·    EBIT totalled SEK 75 million (147), including items affecting comparability of a SEK -20 million (-12).

·    Profit for the quarter was SEK 3 million (83).

·    Earnings per share before dilution totalled SEK 0.03 (0.73).

·    Cash flow from operating activities amounted to SEK 23 million (104).

September 2022-August 2023

·    Net sales amounted to SEK 23,577 million (23,601).

·    Organic sales growth was -5.0 per cent (11.4), of which SMB accounted for -10.5 per cent (7.9) and LCP -2.6 per cent (15.9).

·    The gross margin amounted to 14.5 per cent (14.7).

·    Adjusted EBITA amounted to SEK 724 million (979), corresponding to an adjusted EBITA margin of 3.1 per cent (4.1).

·    EBIT totalled SEK 467 million (758), including items affecting comparability of SEK -73 million (-50).

·    Profit for the period amounted to SEK 174 million (478).

·    Earnings per share before dilution totalled SEK 1.54 (4.22).

·    Cash flow from operating activities amounted to SEK 619 million (584).

·    At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 5.0 (3.7).

·    The Board of Directors proposes that no dividend be paid for the 2022/23 financial yea.

"During the final quarter of the financial year, we continued to face a challenging market dominated by macroeconomic turbulence and a cautious trend among several of our customer groups. Combined with the effect of the termination of the framework agreement in Denmark, this clearly impacted the sales trend during the quarter. The gross margin strengthened, positively affected by good price discipline and an improved product mix during the quarter, while the adjusted EBITA margin fell due to lower volumes and continuing cost inflation. The inventory declined further and net working capital improved. We have continued to invest selectively in the business to stand strong when market conditions improve, while balancing our costs to compensate for the high inflationary pressure", says Johan Karlsson, President and CEO at Dustin.

For additional information, please contact:

Fredrik Sätterström, Head of Investor Relations

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

Contact person:

Eva Ernfors, Head of Communication

eva.ernfors@dustin.com, +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 07:55 CET on October 11, 2023.

About Dustin

Dustin is a leading online based IT partner in the Nordics and the Benelux. We help our customers to stay in the forefront by providing them with the right IT solution for their needs.

We offer approximately 280,000 products with related services to companies, the public sector and private individuals. Sales for the financial year 2022/23 amounted to approximately SEK 23.6 billion and more than 90 per cent of the revenues came from the corporate market.

Dustin has approximately 2,200 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.