Dustin Group AB Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended November 30, 2017
January 10, 2018 at 02:00 am
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Dustin Group AB (publ) announced unaudited consolidated and parent earnings results for the first quarter ended November 30, 2017. For the quarter, on the consolidate basis, the company reported net sales of SEK 2,591.8 million against SEK 2,283.6 million a year ago. EBIT was SEK 108.5 million against SEK 97.5 million a year ago. Profit after financial items was SEK 97.5 million against SEK 87.3 million a year ago. Profit for the period, in entirety attributable to parent company shareholders was SEK 75.8 million or SEK 0.99 per diluted share against SEK 67.8 million or SEK 0.89 per diluted share a year ago. Cash flow from operating activities was SEK 453.1 million against SEK 304.8 million a year ago. Acquisition of tangible assets was SEK 3.1 million against SEK 4.5 million a year ago. Acquisition of intangible assets was SEK 4.4 million against SEK 4.5 million a year ago. Adjusted EBITA was SEK 131 million against SEK 116 million a year ago.
For the quarter, on the parent basis, the company reported net sales of SEK 0.1 million against SEK 0.1 million a year ago. LBIT was SEK 1.8 million against SEK 2.2 million a year ago. Loss for the year was SEK 23.5 million against SEK 26.8 million a year ago.
Dustin Group AB is a Sweden-based holding company engaged in the online distribution of information technology (IT) products and services. It offers a portfolio of hardware, software and services, aimed at businesses, private customers and public organizations. The Company 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 Company operates in Sweden, Denmark, Norway and Finland.