Dustin Group AB (publ) (DUST) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.098 Thank you. Good morning and a very warm welcome everyone to our Q1 00:00:05.098 -- 00:00:09.824 report presentation for Dustin. First of all, I want to say that I'm happy to be here 00:00:09.824 -- 00:00:13.850 today presenting my first quarterly report as CEO of Dustin. 00:00:13.850 -- 00:00:18.136 And with me here today, I have Julia Lagerqvist, our CFO here at Dustin. 00:00:18.136 -- 00:00:20.999 So let's start with the presentation. 00:00:20.999 -- 00:00:25.986 I'm glad to report a quarter with organic growth, improved profitability, robust cash 00:00:25.986 -- 00:00:30.862 flow and reduced leverage. Net sales development was positive in the quarter with organic 00:00:30.862 -- 00:00:33.146 growth of 18%. The 00:00:33.146 -- 00:00:37.554 performance should partly be seen in the light of a weak comparative quarter. 00:00:37.554 -- 00:00:42.843 But apart from that, the positive development was driven by our LCP segment and particularly 00:00:42.843 -- 00:00:47.932 the public sector. Gross profit increased slightly while the gross margin fell to 00:00:47.932 -- 00:00:52.951 13.1% compared with 14.3% last year. The decrease in 00:00:52.951 -- 00:00:57.676 gross margin is explained by strong public sector growth, a high share of PC sales and 00:00:57.676 -- 00:01:00.600 continued price pressure in the Netherlands. 00:01:00.600 -- 00:01:06.046 Adjusted EBITDA increased from 21 million to 83 million, driven by efficiency 00:01:06.046 -- 00:01:11.212 measures implemented, a weak comparative quarter and higher sales volumes. 00:01:11.212 -- 00:01:16.913 The margin increased to 1.5% compared to 0.4% last year. 00:01:16.913 -- 00:01:21.941 Cash flow from operating activities increased to 381 million compared to 00:01:21.941 -- 00:01:27.95...