Reported Earnings • Jul 05
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: kr5.23b (up 2.7% from 3Q 2025). Net loss: kr819.0m (loss widened kr791.0m from 3Q 2025). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in the United Kingdom. New Risk • Jul 03
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 British stocks, typically moving 7.6% 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. This is currently the only risk that has been identified for the company. Aankondiging • Jun 16
Dustin Group AB Announces Appointment of Anne Nillesen as EVP Relation Sales Benelux and member of Dustin's group management team, Effective June 16, 2026 Dustin Group AB had appointed Anne Nillesen as EVP Relation Sales Benelux and a new member of Dustin's group management team, effective June 16, 2026. Anne most recently held the position of Sales Director and member of the group management team of Copaco and has previously, among other roles, served as Sales Director for Government & Software Licensing at Dustin. 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 released: EPS: kr0.01 (vs kr5.59 loss in 2Q 2025) 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 8.3% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Aankondiging • 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 released: kr0.02 loss per share (vs kr0.17 loss in 1Q 2025) 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 is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in the United Kingdom. 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. Aankondiging • 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 released: kr2.92 loss per share (vs kr0.083 profit in FY 2024) 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 is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the United Kingdom. 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. Aankondiging • 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 released: kr2.92 loss per share (vs kr0.14 profit in FY 2024) 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 is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. 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. 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 5.6% growth forecast for the Electronic industry in the United Kingdom. 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. Aankondiging • 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). Aankondiging • 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 5.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Aankondiging • 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 26
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. New Risk • Jan 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Aankondiging • 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. Aankondiging • 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. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to kr4.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electronic industry in the United Kingdom. Total loss to shareholders of 91% over the past three years. New Risk • Nov 22
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 British stocks, typically moving 157% a day. 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 Share price has been highly volatile over the past 3 months (157% average daily change). Shareholders have been substantially diluted in the past year (297% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Aankondiging • 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. Aankondiging • 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. Reported Earnings • Oct 16
Full year 2024 earnings released: EPS: kr0.14 (vs kr1.54 in FY 2023) 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 is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. 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. Aankondiging • 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. Aankondiging • 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 kr8.76, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electronic industry in the United Kingdom. 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. Aankondiging • 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. Reported Earnings • Jul 03
Third quarter 2024 earnings released: EPS: kr0.06 (vs kr0.21 in 3Q 2023) Third quarter 2024 results: EPS: kr0.06. 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 4.9% growth forecast for the Electronic industry in the United Kingdom. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 560% After last week's 560% share price gain to kr87.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electronic industry in the United Kingdom. Total returns to shareholders of 65% over the past three years. New Risk • May 29
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 British stocks, typically moving 70% a day. 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 Share price has been highly volatile over the past 3 months (70% average daily change). Shareholders have been substantially diluted in the past year (297% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). 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. 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 4.7% growth forecast for the Electronic industry in the United Kingdom. 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 51% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 614% After last week's 614% share price gain to kr87.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Electronic industry in the United Kingdom. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 627% After last week's 627% share price gain to kr87.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Electronic industry in the United Kingdom. Total returns to shareholders of 110% over the past three years. 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 28
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. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr11.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 68% over the past three years. Recent Insider Transactions • Jan 21
Chief Operating Officer recently bought kr103k worth of stock On the 17th of January, Alexandra Furst bought around 10k shares on-market at roughly kr10.22 per share. This transaction increased Alexandra's direct individual holding by 4x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr53m. This was Alexandra's only on-market trade for the last 12 months. 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. Reported Earnings • Jan 11
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 5.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. 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 46% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 930% After last week's 930% share price gain to kr87.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 174% over the past three years. 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 04
Investor sentiment improves as stock rises 920% After last week's 920% share price gain to kr87.20, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 202% over the past three years. Aankondiging • 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 23
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 17
Investor sentiment improves as stock rises 509% After last week's 509% share price gain to kr87.20, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 201% over the past three years. New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr814.7m (US$75.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 released: EPS: kr1.54 (vs kr4.22 in FY 2022) 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 is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Electronic industry in the United Kingdom. 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. New Risk • Nov 03
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 British stocks, typically moving 71% a day. 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 (71% average daily 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). Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 506% After last week's 506% share price gain to kr87.20, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improves as stock rises 429% After last week's 429% share price gain to kr87.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 55% over the past three years. Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: kr1.54 (vs kr4.22 in FY 2022) 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 is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. 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. New Risk • Oct 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). 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 • Sep 26
Investor sentiment improves as stock rises 315% After last week's 315% share price gain to kr87.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 283% After last week's 283% share price gain to kr87.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 233% After last week's 233% share price gain to kr87.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 205% After last week's 205% share price gain to kr87.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 193% After last week's 193% share price gain to kr87.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total returns to shareholders of 70% over the past three years. Reported Earnings • Jun 28
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 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. 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 16% per year, which means it is performing significantly worse than earnings. Aankondiging • 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 22
Investor sentiment improves as stock rises 220% After last week's 220% share price gain to kr87.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 211% After last week's 211% share price gain to kr87.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 71% over the past three years. Aankondiging • 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. Aankondiging • 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). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 155% After last week's 155% share price gain to kr87.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 148% After last week's 148% share price gain to kr87.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 143% After last week's 143% share price gain to kr87.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 98% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr37.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total loss to shareholders of 15% over the past three years. Reported Earnings • Mar 30
Second quarter 2023 earnings released: EPS: kr0.72 (vs kr1.27 in 2Q 2022) 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 is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 157% After last week's 157% share price gain to kr87.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total returns to shareholders of 121% over the past three years. 
