Net sales rose 4.0 per cent to SEK 3,683 million (3,543).
Organic sales growth was 6.4 per cent (4.0), of which SMB accounted for 8.3 per cent (2.8), LCP 4.9 per cent (4.1) and B2C 5.5 per cent (12.5).
The gross margin amounted to 16.1 per cent (15.7).
Adjusted EBITA amounted to SEK 201 million (154), corresponding to an adjusted EBITA margin of 5.5 per cent (4.3).
EBIT totalled SEK 177 million (133), including items affecting comparability of negative SEK 1 million (pos: 3).
Profit for the quarter totalled SEK 122 million (92).
Earnings per share before dilution totalled SEK 1.38 (1.04).
Cash flow from operating activities amounted to SEK 218 million (155).
Net sales rose 4.7 per cent to SEK 7,379 million (7,051).
Organic sales growth was 7.2 per cent (5.0), of which SMB accounted for 7.7 per cent (1.4), LCP 6.5 per cent (9.3) and B2C 10.4 per cent (neg: 7.6).
The gross margin amounted to 15.8 per cent (15.8).
Adjusted EBITA amounted to SEK 372 million (310), corresponding to an adjusted EBITA margin of 5.0 per cent (4.4).
EBIT totalled SEK 308 million (251), including items affecting comparability of a negative SEK 15 million (neg: 11).
Profit for the period amounted to SEK 213 million (178).
Earnings per share before dilution totalled SEK 2.40 (2.00).
Cash flow from operating activities amounted to SEK 483 million (380).
At the end of the period, net debt in relation to adjusted EBITDA over the past 12-month period was 2.0 (3.1), excluding the effects of IFRS 16 Leases. When calculated including these effects, the figure was 2.2 (3.5).
"We have strengthened our position in the market and report a solid organic sales growth in the second quarter. The demand for hardware remained robust and our online core business performed strongly as online sales and the need for mobility, cloud services and security have increased. At the same time, the market was impacted by shortages of components, such as processors and graphic cards, and delayed deliveries. We benefited from a proactive approach to our purchasing and our strong position in the value chain, with close relationships with suppliers and distributors, which has ensured good access to hardware. Our dynamic price model has strengthened our price leadership in the market and, in combination with a continued cost focus, resulted in our adjusted EBITA increasing by more than 30 per cent and the EBITA margin strengthening sharply in the quarter", says Thomas Ekman, President and CEO at Dustin.
For additional information, please contact:
Fredrik Sätterström, Head of Investor Relations
Eva Ernfors, Head of Communication
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 April 13, 2021.
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 1,700 employees and has been listed on Nasdaq Stockholm since 2015 with headquarters in Nacka Strand just outside central Stockholm.