Dustin Group AB (DUST) AI Stock Analysis

• Market Cap: kr2.60B
• Dividend Yield: N/A
• Average Volume (3M): 2.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: -5.00%
• EPS Growth: -1757.14%
• Country: SE
• Employees: 2,197
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.02
• Shares Outstanding: 1,357,425,300
• 10 Day Avg. Volume: 4,298,865
• 30 Day Avg. Volume: 2,664,347
• PEG Ratio: <0.01
• Price to Book (P/B): 0.26
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -16.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: kr1.50 ▼(-19.35% Downside)

Dustin Group AB's overall stock score is primarily impacted by its financial performance challenges, including declining profitability and cash flow issues. Technical indicators also suggest a bearish trend. While the earnings call provided some positive highlights, such as improved EBITA and cost savings, these are outweighed by ongoing challenges in key segments and market conditions.

Positive Factors

LCP Segment Growth

The strong growth in the LCP segment indicates robust demand in the Nordics, highlighting a solid market position and potential for sustained revenue expansion.

Efficiency Measures

The successful implementation of efficiency measures leading to significant cost savings enhances operational efficiency and margin sustainability.

Sustainability Initiatives

Aligning sustainability targets with science-based initiatives positions Dustin as a responsible corporate entity, potentially attracting eco-conscious clients and investors.

Negative Factors

SMB Segment Decline

The decline in the SMB segment reflects challenges in maintaining growth across all customer segments, potentially impacting overall revenue stability.

Gross Margin Pressure

The decline in gross margin due to price competition and sales mix changes could pressure profitability if not addressed through strategic pricing or cost control.

High Inventory Levels

Excess inventory levels can tie up capital and increase storage costs, potentially affecting cash flow and operational efficiency if not managed effectively.

Dustin Group AB Business Overview & Revenue Model

Company Description

Dustin Group AB (publ) offers online IT products and services in the Nordic region and the Netherlands. It operates through three segments: Small and Medium-sized Businesses, Large Corporate and Public Sector, and Business to Consumer. It sells hardware, software, and related services and solutions. The company act as a strategic IT partner primarily for small and medium-sized, and large-sized businesses, as well as the public sector and consumers. Dustin Group AB (publ) was founded in 1984 and is headquartered in Nacka Strand, Sweden.

How the Company Makes Money

Dustin Group AB generates revenue through the sale of IT products and related services. Its primary revenue streams include the direct sales of hardware and software products, such as computers, peripherals, and software licenses, to businesses and public sector clients. The company also earns from providing IT services, including consulting, installation, maintenance, and managed services that support and optimize client IT infrastructure. Strategic partnerships with major IT manufacturers and distributors enhance its product offerings and competitive positioning, contributing significantly to its earnings. Additionally, Dustin Group's e-commerce platform facilitates efficient product distribution, expanding its market reach and streamlining sales processes.

Dustin Group AB Financial Statement Overview

Summary

Dustin Group AB faces significant financial challenges, with declining profitability and cash flow issues. While leverage management has improved, operational inefficiencies and cash generation remain major concerns.

Income Statement

Dustin Group AB has experienced fluctuating revenue growth, with a significant decline in the latest year. The gross profit margin has been relatively stable, but the net profit margin has turned negative, indicating profitability challenges. EBIT and EBITDA margins have also declined, reflecting operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has improved, indicating better leverage management. However, the return on equity has decreased significantly, suggesting reduced profitability for shareholders. The equity ratio remains stable, reflecting a balanced asset structure.

Cash Flow

Dustin Group AB's cash flow situation is concerning, with negative free cash flow growth and operating cash flow. The ratios of operating and free cash flow to net income are weak, indicating cash generation issues relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	20.41B	―	20.41B	21.48B	23.58B	23.60B
Gross Profit	2.77B	―	2.77B	3.21B	3.41B	3.46B
EBITDA	187.00M	―	2.83B	762.70M	894.40M	1.17B
Net Income	-2.63B	―	-2.63B	53.00M	173.90M	477.70M
Balance Sheet
Total Assets	13.40B	―	13.40B	15.82B	16.13B	15.85B
Cash, Cash Equivalents and Short-Term Investments	676.00M	―	676.00M	883.90M	1.11B	766.80M
Total Debt	3.07B	―	3.07B	4.19B	5.90B	5.28B
Total Liabilities	7.90B	―	7.90B	8.81B	10.74B	10.77B
Stockholders Equity	5.51B	―	5.51B	7.01B	5.39B	5.08B
Cash Flow
Free Cash Flow	-209.00M	―	-87.00M	-97.90M	379.10M	393.40M
Operating Cash Flow	-74.00M	―	-74.00M	147.10M	619.20M	584.30M
Investing Cash Flow	-169.00M	―	-169.00M	-244.30M	-240.10M	-211.60M
Financing Cash Flow	21.00M	―	21.00M	-148.90M	26.70M	-434.60M

Dustin Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DUST, the sentiment is Positive. The current price of 1.86 is above the 20-day moving average (MA) of 1.80, above the 50-day MA of 1.83, and below the 200-day MA of 1.88, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.61 is Neutral, neither overbought nor oversold. The STOCH value of 90.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:DUST.

Dustin Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SOF.B	71 Outperform	kr1.16B	15.14	27.44%	6.29%	4.00%	-12.08%
EXS	68 Neutral	kr2.07B	27.13	15.90%	1.13%	10.92%	-2.56%
PACT	67 Neutral	kr3.00B	19.27	14.35%	2.13%	-4.36%	-31.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KNOW	56 Neutral	kr3.25B	33.72	2.38%	2.03%	-9.85%	-38.24%
B3	55 Neutral	kr394.99M	147.99	1.19%	―	13.21%	-97.19%
DUST	46 Neutral	kr2.60B	-0.56	―	―	-5.00%	-1757.14%

Dustin Group AB Corporate Events

Dustin to Present First-Quarter 2025/26 Interim Report on 14 January

Dustin Group has scheduled a conference call and webcast on 14 January at 09:00 CET for investors, analysts and media to present and discuss its interim report for the first quarter of the 2025/26 financial year. CEO Samuel Skott and CFO Julia Lagerqvist will lead the English-language presentation, which will follow the publication of the interim report at 08:00 CET the same morning, with supporting materials made available on the company’s investor website and options for participants to join either via webcast or teleconference for a live Q&A, underscoring the group’s ongoing efforts to maintain transparent communication with the capital markets.

The most recent analyst rating on (SE:DUST) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Dustin Group AB stock, see the SE:DUST Stock Forecast page.

Dustin Group AB’s AGM 2024/25: Strategic Resolutions and Leadership Updates

Dustin Group AB’s Annual General Meeting for 2024/25 saw the re-election of several board members and the election of Carl Mellander as a new board member, with Tomas Franzén appointed as Chair. The AGM approved the annual report, decided against dividend payments, and discharged the board and CEO from liability for the financial year. Key resolutions included the approval of a long-term performance share plan and a warrant program for 2026, aimed at incentivizing the executive management and CEO. These decisions reflect Dustin’s strategic focus on enhancing shareholder value and aligning management incentives with company performance.

The most recent analyst rating on (SE:DUST) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Dustin Group AB stock, see the SE:DUST Stock Forecast page.

Dustin Group AB Releases Annual and Sustainability Report 2024/25

Dustin Group AB has released its Annual and Sustainability Report for the financial year from September 1, 2024, to August 31, 2025. The report details the company’s operations, financial performance, and sustainability efforts, highlighting its compliance with the European Sustainability Reporting Standards and the Taxonomy Regulation. This comprehensive report, available in both Swedish and English, underscores Dustin’s commitment to sustainable growth and transparency in its business practices.

The most recent analyst rating on (SE:DUST) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Dustin Group AB stock, see the SE:DUST Stock Forecast page.

Dustin Group Announces Leadership Change with Samuel Skott as New CEO

Dustin Group AB has announced a leadership change with Johan Karlsson stepping down as CEO, and Samuel Skott appointed as his successor, effective November 10, 2025. Skott, who previously led HiQ and Tele2 Sweden, is expected to focus on long-term profitable growth and further development of the business. This transition is seen as a strategic move to strengthen the company’s position in the IT solutions market, ensuring continued growth and innovation under Skott’s leadership.

The most recent analyst rating on (SE:DUST) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Dustin Group AB stock, see the SE:DUST Stock Forecast page.

Dustin Group AB Announces Board Member Proposals for 2025 AGM

Dustin Group AB’s Nomination Committee has proposed the re-election of several board members, including Tomas Franzén as Chairman, and introduced Carl Mellander as a new board member for the upcoming Annual General Meeting. Mellander brings extensive international experience from his tenure at Ericsson and other executive roles, which is expected to strengthen the board’s capabilities. This strategic move is likely to enhance Dustin’s governance and support its market positioning as a leading IT solutions provider.

The most recent analyst rating on (SE:DUST) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Dustin Group AB stock, see the SE:DUST Stock Forecast page.