Overview
Sweden online IT partner's Q2 adjusted EBITA beat analyst expectations
Q2 net sales were flat yr/yr, organic sales grew 4.4%
Company cites strong public sector demand and improved cash flow
Outlook
Company says it is prioritizing sales growth, strategy execution and internal efficiency improvements
Dustin sees strong public sector demand due to upgrade needs and expected price increases
Result Drivers
PUBLIC SECTOR DEMAND - Co said sales were particularly strong in the public sector, driven by upgrade needs, expected price increases and concerns about product availability
EFFICIENCY MEASURES - Co said ongoing streamlining and efficiency improvements supported results and cash flow
Company press release: ID:nWkr2DcjlF
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EBITA
Beat
SEK 103 mln
SEK 99.40 mln (4 Analysts)
Q2 Adjusted EBITA Margin
1.90%
Q2 EBIT
SEK 42 mln
Q2 Organic Growth
4.40%
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy."
Wall Street's median 12-month price target for Dustin Group AB is SEK1.65, about 12.9% above its April 14 closing price of SEK1.46
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)