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DUST Dustin AB News Story

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Sweden's Dustin Q2 adjusted EBITA beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 Adjusted EBITABeatSEK 103 mlnSEK 99.40 mln (4 Analysts)
Q2 Adjusted EBITA Margin1.90%
Q2 EBITSEK 42 mln
Q2 Organic Growth4.40%
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.)

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