The call showed solid operational recovery: double-digit organic growth (18%), marked adjusted EBITA improvement (SEK 21m to SEK 83m), a strong cash-flow swing to SEK 381m and a meaningful leverage reduction (5.2x to 3.1x). These positives were tempered by a decline in gross margin (13.1% vs 14.3%), persistent price pressure in the Netherlands, SMB revenue decline and an announced risk of memory component shortages in 2026. Management emphasized proactive mitigation, a focus on B2B, standardized services and continued efficiency actions.

Company Guidance

Management's stance was cautious rather than prescriptive: they expect continued market uncertainty in 2026 and warn an anticipated memory‑component shortage could hurt volumes and pricing, so the company is taking a prudent, proactive approach—working closely with customers and partners—and declined to give specific timing for margin recovery in the Netherlands or SMB. For context, Q1 showed organic net sales +18%, LCP sales SEK 4.0bn (+24%, organic +28%) and SMB sales SEK 1.5bn (−5%, organic −3%), gross margin 13.1% (vs 14.3% LY), adjusted EBITA SEK 83m (margin 1.5% vs 0.4% LY), operating cash flow SEK 381m (vs −42m LY) and period cash flow +SEK 289m (vs −149m LY), net working capital SEK 139m (target ~−SEK100m) after ~SEK 300m inventory reduction, CapEx SEK 46m, and leverage (net debt/EBITDA) down to 3.1x (from 5.2x) including a c.0.2 benefit from an updated net‑debt definition; they also noted updated, SBTi‑approved climate targets.

Strong Organic Net Sales Growth

Organic net sales grew 18% in Q1 FY2026. Management noted that ~8 percentage points of the growth were attributable to a weak comparative quarter, while strong LCP performance (including public sector demand) contributed meaningfully to the increase.

LCP Segment Outperformance

LCP sales reached SEK 4.0 billion, up 24% vs. last year with organic growth of 28%. Segment result improved to SEK 70 million from SEK 11 million a year ago, and segment margin rose to 1.7% from 0.3%.

Significant Adjusted EBITA Improvement

Adjusted EBITA increased from SEK 21 million to SEK 83 million year-over-year. Adjusted EBITA margin improved to 1.5% from 0.4%, driven by efficiency measures, higher volumes and a weak comparison quarter.

Major Operating Cash Flow Turnaround

Cash flow from operating activities was SEK 381 million versus a negative SEK 42 million a year earlier, driven primarily by a SEK 373 million positive change in net working capital and targeted cash actions.

Leverage Reduction

Net debt to EBITDA fell to 3.1x from 5.2x year-over-year (and 4.3x in Q4), an improvement driven by operational results, net working capital improvement and a small definition update to net debt.

Net Working Capital and Inventory Improvements

Net working capital improved to SEK 139 million from SEK 267 million last year and SEK 477 million in Q4. Inventory reduction accounted for close to SEK 300 million of the improvement.

SMB Segment Profitability Resilience

SMB sales were SEK 1.5 billion (5% below last year; -3% organically), yet segment result increased to SEK 53 million from SEK 50 million and margin improved to 3.6% from 3.2%, supported by price discipline and cost savings.

Sustainability Target Update

Dustin updated its sustainability targets and the revised climate targets have been approved by the Science Based Targets initiative (SBTi), aligning with customer needs and latest research.

Dustin Group AB (SE:DUST) Earnings, Revenues Date & History

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SE:DUST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 15, 2026	2026 (Q2)	0.02 / -	0.113	―	―	―
Jan 14, 2026	2026 (Q1)	0.01 / 0.01	-0.065	115.38% (+0.07)	―	―
Oct 08, 2025	2025 (Q4)	>-0.01 / 0.03	-0.107	128.04% (+0.14)	―	―
Jul 02, 2025	2025 (Q3)	0.02 / -0.01	0.068	-114.71% (-0.08)	―	―
Apr 02, 2025	2025 (Q2)	<0.01 / 0.11	0.16	-29.38% (-0.05)	―	―
Jan 08, 2025	2025 (Q1)	-0.02 / -0.07	0.178	-136.52% (-0.24)	―	―
Oct 16, 2024	2024 (Q4)	-0.04 / -0.11	0.145	-173.79% (-0.25)	―	―
Jul 02, 2024	2024 (Q3)	0.11 / 0.07	0.126	-46.03% (-0.06)	―	―
Apr 10, 2024	2024 (Q2)	0.15 / 0.16	0.31	-48.39% (-0.15)	―	―
Jan 10, 2024	2024 (Q1)	0.13 / 0.18	0.217	-17.97% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SE:DUST Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 14, 2026	kr1.95	kr1.96	+0.56%
Oct 08, 2025	kr1.91	kr2.05	+7.55%
Jul 02, 2025	kr2.38	kr1.99	-16.43%
Apr 02, 2025	kr2.40	kr2.13	-10.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Dustin Group AB (SE:DUST) report earnings?

Dustin Group AB (SE:DUST) is schdueled to report earning on Apr 15, 2026, Before Open (Confirmed).

What is Dustin Group AB (SE:DUST) earnings time?

Dustin Group AB (SE:DUST) earnings time is at Apr 15, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is the P/E ratio of Dustin Group AB stock?

The P/E ratio of Dustin Group AB is N/A.

What is SE:DUST EPS forecast?

SE:DUST EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.