Dustin Group AB Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended November 30, 2016
January 11, 2017 at 07:00 am
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Dustin Group AB (publ) announced unaudited consolidated and parent earnings results for the first quarter ended November 30, 2016. For the quarter, on the consolidate basis, the company reported net sales of SEK 2,283.6 million against SEK 2,123.6 million a year ago. EBIT was SEK 97.5 million against SEK 86.8 million a year ago. Profit for the period from continuing operations was SEK 67.8 million against SEK 75.8 million a year ago. Profit for the period was SEK 67.8 million against SEK 76.9 million a year ago. Comprehensive income for the period attributable to parent company shareholders arose from continuing operations was SEK 79.4 million against SEK 55.1 million a year ago. Earnings per share after dilution excluding discontinued operations were SEK 0.89 against SEK 1.00 a year ago. Cash flow from operating activities was SEK 304.8 million against cash outflow from operating activities of SEK 199.0 million a year ago. Acquisition of tangible assets was SEK -4.5 million against SEK -11.8 million a year ago. Acquisition of intangible assets was SEK -0.1 million against SEK -1.7 million a year ago. Adjusted EBITA was SEK 115.8 million against SEK 104.8 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 2.2 million against SEK 1.3 million a year ago. Loss for the year was SEK 26.8 million against net profit of SEK 5.4 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.