Board Change • May 13
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Henrik Theilbjorn was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 16
Second quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2026 results: EPS: kr0.01 (up from kr5.59 loss in 2Q 2025). Revenue: kr5.48b (flat on 2Q 2025). Net income: kr15.0m (up kr2.54b from 2Q 2025). Profit margin: 0.3% (up from net loss in 2Q 2025). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 10
Price target decreased by 21% to kr1.65 Down from kr2.10, the current price target is provided by 1 analyst. New target price is 19% above last closing price of kr1.39. Stock is down 55% over the past year. The company is forecast to post earnings per share of kr0.07 next year compared to a net loss per share of kr2.92 last year. Anuncio • Feb 20
Dustin Group AB Announces Management Changes, Effective April 13, 2026 Dustin Group AB announced changes to its management team. Pontus Cederberg, currently EVP Relation Sales, would assume the role of EVP Relation Sales Nordic. Recruitment for the position of EVP Relation Sales Benelux was underway. Monika Gullin was appointed Chief Technology Officer (CTO) and member of the Group Management Team and would take up her position on April 13, 2026. Monika most recently held the position of CTO at Nuuday and had previously held positions including Head of IT Consumer Sweden at Tele2 and CIO at Com Hem. Reported Earnings • Jan 14
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: kr0.02 loss per share (improved from kr0.17 loss in 1Q 2025). Revenue: kr5.49b (up 15% from 1Q 2025). Net loss: kr26.0m (loss narrowed 67% from 1Q 2025). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Anuncio • Dec 11
Dustin Group AB (publ) Elects Carl Mellander as New Member of the Board Dustin Group AB announced that at its AGM held on December 11, 2025, the shareholders elected Carl Mellander as new member of the Board. Reported Earnings • Nov 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: kr2.92 loss per share (down from kr0.083 profit in FY 2024). Revenue: kr20.4b (down 5.0% from FY 2024). Net loss: kr2.63b (down kr2.68b from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 113%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Anuncio • Oct 21
Dustin Group AB (Publ) Announces CEO Changes, Effective November 10, 2025 Dustin Group AB (publ) announced thast Johan Karlsson has, in agreement with the Board, decided to step down from his role as CEO. At the same time, the Board has appointed Samuel Skott as the new CEO. Samuel Skott will assume the role of CEO on 10 November 2025, and Johan Karlsson will remain available during his 12-month notice period to ensure a smooth handover. Samuel most recently served as CEO of the technology consultancy HiQ and, prior to that, he held among other positions, the role of CEO of Tele2 Sweden. Reported Earnings • Oct 08
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: kr2.92 loss per share (down from kr0.14 profit in FY 2024). Revenue: kr20.4b (down 5.0% from FY 2024). Net loss: kr2.63b (down kr2.68b from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 113%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jul 14
Consensus EPS estimates upgraded to kr1.36 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from kr20.6b to kr20.3b. 2025 losses expected to reduce from -kr2.38 to -kr1.36 per share. Electronic industry in Sweden expected to see average net income growth of 43% next year. Consensus price target of kr3.20 unchanged from last update. Share price fell 2.7% to kr1.69 over the past week. Reported Earnings • Jul 03
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: kr5.09b (down 6.7% from 3Q 2024). Net loss: kr28.0m (down 202% from profit in 3Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Anuncio • Jun 29
Dustin Group AB (Publ) Announces Changes to the Nomination Committee Dustin Group AB (publ) announced that due to recent changes in ownership of shares in Dustin Group, Mikael Olsson, Nordanland, will become a member of the Nomination Committee. Mikael Olsson replaces Jens Browaldh, Altor. Effective from now, the Nomination Committee consists of the following members: Marie Ehrling, Axel Johnson AB, Chair of the Nomination Committee,
Lise Børresen, DNB, Mikael Olsson, Nordanland and Tomas Franzén, Chair of the Dustin Board (adjunct). New Risk • May 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 200% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). New Risk • May 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Market cap is less than US$100m (kr914.0m market cap, or US$95.6m). Price Target Changed • Apr 07
Price target decreased by 15% to kr4.50 Down from kr5.30, the current price target is provided by 1 analyst. New target price is 45% above last closing price of kr3.10. Stock is down 75% over the past year. The company is forecast to post a net loss per share of kr0.0037 compared to earnings per share of kr0.14 last year. Anuncio • Apr 03
Dustin Group AB (publ) Reports Impairment Charges for the Second Quarter 2025 Dustin Group AB (publ) reported impairment charges for the second quarter 2025. For the period, the company reported non-cash impairment of primarily goodwill of negative SEK 2,500 million related to continued uncertainty regarding current and future market conditions as well as a strategic adaptation of the service offering. Reported Earnings • Apr 02
Second quarter 2025 earnings released: kr5.59 loss per share (vs kr0.18 profit in 2Q 2024) Second quarter 2025 results: kr5.59 loss per share (down from kr0.18 profit in 2Q 2024). Revenue: kr5.48b (up 4.5% from 2Q 2024). Net loss: kr2.53b (down kr2.61b from profit in 2Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Anuncio • Apr 02
Dustin Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.25 billion. Dustin Group AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 1.25 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Recent Insider Transactions • Jan 25
Executive Vice President of People recently bought kr94k worth of stock On the 22nd of January, Jenny Ring bought around 25k shares on-market at roughly kr3.78 per share. This transaction increased Jenny's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr97m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 09
First quarter 2025 earnings released: kr0.17 loss per share (vs kr0.29 profit in 1Q 2024) First quarter 2025 results: kr0.17 loss per share (down from kr0.29 profit in 1Q 2024). Revenue: kr4.78b (down 18% from 1Q 2024). Net loss: kr78.0m (down 337% from profit in 1Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 9 percentage points per year, which is a significant difference in performance. Anuncio • Dec 13
Dustin Group AB (publ) Approves Board Appointments Dustin Group AB (publ) at its AGM, held on December 12, 2024, elected Hanna Graflund Sleyman and Henrik Theilbjørn as new members of the Board. The AGM elected Tomas Franzén as new Chair of the Board. Major Estimate Revision • Nov 29
Consensus EPS estimates fall by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr21.7b to kr20.9b. EPS estimate also fell from kr0.39 per share to kr0.253 per share. Net income forecast to grow 118% next year vs 25% growth forecast for Electronic industry in Sweden. Consensus price target of kr9.50 unchanged from last update. Share price fell 26% to kr4.71 over the past week. Anuncio • Nov 27
Dustin Group AB (publ) Provides Earnings Guidance for the First Quarter of 2025 Dustin Group AB (publ) provided earnings guidance for the first quarter of 2025. For the period, the company's group sales are expected to decline by around 20%, compared to the previous year. New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (297% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to kr5.11, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Electronic industry in Sweden. Total loss to shareholders of 91% over the past three years. Price Target Changed • Nov 15
Price target decreased by 17% to kr11.25 Down from kr13.50, the current price target is an average from 2 analysts. New target price is 65% above last closing price of kr6.82. Stock is down 8.6% over the past year. The company is forecast to post earnings per share of kr0.53 for next year compared to kr0.14 last year. Anuncio • Nov 13
Pontus Cederberg Becomes Acting EVP Relation Sales and Member of Dusin's Group Management Team, Effective December 1, 2024 Pontus Cederberg becomes acting EVP Relation Sales and member of Dusin's Group Management Team. Pontus is currently VP SMB Sales Nordic at Dustin and takes up his new role on December 1, 2024. Pontus has been working at Dustin since 2017 in multiple roles with sales responsibility. The role as EVP Relation Sales is new in conjunction with the organisational update announced on October 16, 2024. Anuncio • Nov 04
Dustin Group AB Announces Thomas Ekman Declines Re-Election as Chairman of the Board, Effective December 12, 2024 Dustin Group AB announced that Thomas Ekman has informed that he is not available for re-election as Chairman of the Board or as a member of the board of Dustin. The background is that he is leaving his role as CEO of Axel Johnson. Thomas will stay as Chairman of the Board until the Annual General Meeting on 12 December 2024. Major Estimate Revision • Oct 23
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr22.1b to kr21.9b. EPS estimate also fell from kr0.737 per share to kr0.531 per share. Net income forecast to grow 353% next year vs 36% growth forecast for Electronic industry in Sweden. Consensus price target down from kr13.50 to kr13.00. Share price fell 6.5% to kr8.10 over the past week. Reported Earnings • Oct 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: kr0.14 (down from kr1.54 in FY 2023). Revenue: kr21.5b (down 8.9% from FY 2023). Net income: kr53.0m (down 70% from FY 2023). Profit margin: 0.2% (down from 0.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 75%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 57% per year. Anuncio • Oct 16
Dustin Group AB (Publ) Announces Executive Changes Dustin Group AB (publ) appointed Cecilia Ridal as COO. Rebecca Tallmark, EVP SMB chooses to leave Dustin. John Karlson to be acting until the recruitment is concluded. Anuncio • Oct 02
Dustin Group AB (Publ) Announces Leaving of Alexandra Fürst as COO Alexandra Fürst has announced that she is leaving her position as COO of Dustin Group AB (publ). She will stay at Dustin until a replacement has been recruited or until March 2025 the latest. The recruitment of a replacement will begin immediately. With her leadership and commitment, Alexandra has been very important for the successful integration of the operations in Benelux and the Nordics and for building their common culture. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr8.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Sweden. Total loss to shareholders of 82% over the past three years. Recent Insider Transactions • Sep 16
Chief Operating Officer recently bought kr106k worth of stock On the 13th of September, Alexandra Furst bought around 12k shares on-market at roughly kr8.85 per share. This transaction amounted to 97% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Alexandra has been a buyer over the last 12 months, purchasing a net total of kr209k worth in shares. Anuncio • Sep 13
Dustin Group AB (Publ) Provides Earnings Guidance for the Fourth Quarter of 2024 Dustin Group AB (publ) provided earnings guidance for the fourth quarter of 2024. The company publishes an earnings update for the fourth quarter 2023/24 after compiling preliminary financial results for August. The company is expected to report net sales of approximately SEK 5.0 billion (5.1) The development in the seasonally weaker fourth quarter has resulted in an unfavorable sales mix between countries and customer groups. The change in the sales mix deviate from normal seasonal patterns and is ??explained by a high proportion of sales to the public sector combined with a high proportion of sales in new contracts with initially lower margins within segment LCP. The demand in the SMB segment has remained weak. In addition, the adjusted EBITA has been charged with one-off costs of the equivalent of approximately SEK 20 million in the quarter, attributable to an adjustment of a previous insurance case. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 71% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr23.1b to kr21.6b. EPS estimate also fell from kr1.92 per share to kr0.561 per share. Net income forecast to grow 112% next year vs 42% growth forecast for Electronic industry in Sweden. Consensus price target of kr13.50 unchanged from last update. Share price was steady at kr10.60 over the past week. Reported Earnings • Jul 05
Third quarter 2024 earnings released: EPS: kr0.061 (vs kr0.21 in 3Q 2023) Third quarter 2024 results: EPS: kr0.061. Revenue: kr5.45b (down 2.3% from 3Q 2023). Net income: kr27.4m (up 17% from 3Q 2023). Profit margin: 0.5% (up from 0.4% in 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Electronic industry in Sweden. Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from kr0.61 to kr0.53 per share. Revenue forecast steady at kr20.8b. Net income forecast to grow 138% next year vs 17% growth forecast for Electronic industry in Sweden. Consensus price target of kr14.00 unchanged from last update. Share price fell 7.9% to kr13.00 over the past week. Recent Insider Transactions • Apr 22
Chairman recently bought kr133m worth of stock On the 16th of April, Thomas Ekman bought around 10m shares on-market at roughly kr13.78 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of kr302m worth in shares. Major Estimate Revision • Apr 17
Consensus EPS estimates increase by 565%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr22.2b to kr21.0b. EPS estimate rose from kr0.51 to kr3.39. Net income forecast to grow 156% next year vs 47% growth forecast for Electronic industry in Sweden. Consensus price target up from kr13.00 to kr14.00. Share price rose 3.9% to kr13.66 over the past week. Price Target Changed • Apr 16
Price target increased by 12% to kr14.00 Up from kr12.50, the current price target is provided by 1 analyst. New target price is 6.5% above last closing price of kr13.14. The company is forecast to post earnings per share of kr3.39 for next year compared to kr1.54 last year. Reported Earnings • Apr 10
Second quarter 2024 earnings released: EPS: kr0.18 (vs kr0.72 in 2Q 2023) Second quarter 2024 results: EPS: kr0.18 (down from kr0.72 in 2Q 2023). Revenue: kr5.25b (down 16% from 2Q 2023). Net income: kr76.0m (down 6.4% from 2Q 2023). Profit margin: 1.4% (up from 1.3% in 2Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 50% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Feb 06
Chairman recently bought kr6.0m worth of stock On the 1st of February, Thomas Ekman bought around 500k shares on-market at roughly kr11.93 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr53m. Thomas has been a buyer over the last 12 months, purchasing a net total of kr169m worth in shares. Recent Insider Transactions • Jan 29
Chairman recently bought kr46m worth of stock On the 24th of January, Thomas Ekman bought around 4m shares on-market at roughly kr11.75 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr53m. Thomas has been a buyer over the last 12 months, purchasing a net total of kr163m worth in shares. Recent Insider Transactions • Jan 18
Chairman recently bought kr53m worth of stock On the 10th of January, Thomas Ekman bought around 5m shares on-market at roughly kr10.56 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas has been a buyer over the last 12 months, purchasing a net total of kr116m worth in shares. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 83% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from kr24.2b to kr22.2b. EPS estimate also fell from kr2.72 per share to kr0.47 per share. Net income forecast to grow 77% next year vs 33% growth forecast for Electronic industry in Sweden. Consensus price target down from kr28.00 to kr12.50. Share price rose 15% to kr10.63 over the past week. Reported Earnings • Jan 10
First quarter 2024 earnings released: EPS: kr0.29 (vs kr0.59 in 1Q 2023) First quarter 2024 results: EPS: kr0.29 (down from kr0.59 in 1Q 2023). Revenue: kr5.79b (down 13% from 1Q 2023). Net income: kr32.9m (down 50% from 1Q 2023). Profit margin: 0.6% (down from 1.0% in 1Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Board Change • Dec 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Stina Andersson was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Dec 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 300% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (300% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr9.61, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 14x in the Electronic industry in Sweden. Total loss to shareholders of 68% over the past three years. Anuncio • Nov 29
AxMedia AB acquired additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) for SEK 36 million. AxMedia AB acquired additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) for SEK 36 million on November 23, 2023. Pursuant to transaction, AxMedia acquired 4.4 million shares, increasing its ownership in Dustin to 40.1%.
AxMedia AB completed the acquisition of additional 3.86% stake in Dustin Group AB (publ) (OM:DUST) on November 23, 2023. Recent Insider Transactions • Nov 24
Director recently bought kr20m worth of stock On the 20th of November, Thomas Ekman bought around 3m shares on-market at roughly kr7.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 43% After last week's 43% share price decline to kr7.64, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 11x in the Electronic industry in Sweden. Total loss to shareholders of 73% over the past three years. New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (kr814.7m market cap, or US$75.2m). Reported Earnings • Nov 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: kr1.54 (down from kr4.22 in FY 2022). Revenue: kr23.6b (flat on FY 2022). Net income: kr173.9m (down 64% from FY 2022). Profit margin: 0.7% (down from 2.0% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr12.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Electronic industry in Sweden. Total loss to shareholders of 76% over the past three years. Reported Earnings • Oct 11
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: kr1.54 (down from kr4.22 in FY 2022). Revenue: kr23.6b (flat on FY 2022). Net income: kr173.9m (down 64% from FY 2022). Profit margin: 0.7% (down from 2.0% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr16.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Electronic industry in Sweden. Total loss to shareholders of 72% over the past three years. Price Target Changed • Jul 04
Price target decreased by 7.5% to kr37.00 Down from kr40.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of kr29.68. Stock is down 45% over the past year. The company is forecast to post earnings per share of kr1.95 for next year compared to kr4.22 last year. Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr24.5b to kr24.0b. EPS estimate also fell from kr2.37 per share to kr2.02 per share. Net income forecast to grow 48% next year vs 37% growth forecast for Electronic industry in Sweden. Consensus price target of kr40.00 unchanged from last update. Share price rose 13% to kr30.12 over the past week. Reported Earnings • Jun 29
Third quarter 2023 earnings released: EPS: kr0.21 (vs kr0.75 in 3Q 2022) Third quarter 2023 results: EPS: kr0.21 (down from kr0.75 in 3Q 2022). Revenue: kr5.58b (down 5.3% from 3Q 2022). Net income: kr23.4m (down 72% from 3Q 2022). Profit margin: 0.4% (down from 1.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Anuncio • Jun 27
Dustin Group AB (publ), Annual General Meeting, Dec 12, 2024 Dustin Group AB (publ), Annual General Meeting, Dec 12, 2024. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr30.14, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Electronic industry in Sweden. Total loss to shareholders of 35% over the past three years. Anuncio • Jun 01
Dustin Announces Executive Vice President of People, Culture & Sustainability Changes Dustin appointed Jenny Ring as EVP of People, Culture & Sustainability. She assumes her new role and becomes a member of the group management team on June 1st, 2023. Jenny is responsible for Customer Fulfilment at Dustin and has held several leadership roles within Dustin since 2015. Before joining Dustin she was sales director at GE Money Bank. Jenny has extensive experience in leading complex, multinational organizations and has a strong competence within leadership combined with extensive knowledge. Jenny Ring succeeds Martin Lindecrantz, who previously announced he is leaving the company. Anuncio • May 23
Dustin Group AB (publ) Appoints Members of the Nomination Committee Dustin Group AB (publ) announced that in accordance with the instructions for the Nomination Committee adopted by Dustin's general meeting, the following members of the Nomination Committee have been appointed, based on the ownership structure as of 31 March 2023. Marie Ehrling, Axel Johnson AB, Chair of the Nomination Committee; Sophie Larsén, AMF Pension & Funds; Jonas Backman, Protector Forsikring ASA; and Mia Brunell Livfors, Chair of the Dustin Board (adjunct). Reported Earnings • Mar 30
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: kr0.72 (down from kr1.27 in 2Q 2022). Revenue: kr6.27b (up 2.2% from 2Q 2022). Net income: kr81.2m (down 44% from 2Q 2022). Profit margin: 1.3% (down from 2.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 11
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: kr0.59 (down from kr1.47 in 1Q 2022). Revenue: kr6.64b (up 14% from 1Q 2022). Net income: kr66.3m (down 60% from 1Q 2022). Profit margin: 1.0% (down from 2.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Online Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 10
Price target decreased to kr48.00 Down from kr57.50, the current price target is provided by 1 analyst. New target price is 12% above last closing price of kr43.00. Stock is down 56% over the past year. The company is forecast to post earnings per share of kr3.51 for next year compared to kr4.22 last year. Major Estimate Revision • Jan 07
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from kr23.7b to kr23.9b. EPS estimate fell from kr4.36 to kr3.86 per share. Net income forecast to shrink 8.6% next year vs 8.6% decline forecast for Online Retail industry in Sweden. Consensus price target of kr55.00 unchanged from last update. Share price rose 2.0% to kr42.12 over the past week. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr39.74, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Online Retail industry in Sweden. Total loss to shareholders of 42% over the past three years. Reported Earnings • Nov 19
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: kr4.22 (up from kr3.82 in FY 2021). Revenue: kr23.6b (up 57% from FY 2021). Net income: kr477.7m (up 34% from FY 2021). Profit margin: 2.0% (down from 2.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Online Retail industry in Sweden. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.