Dustin Group AB (publ) (DUST) Q2 2026 Earnings Call

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WEBVTT 00:00:01.870 -- 00:00:06.616 Good morning, everyone, and a warm welcome to the presentation of our second quarter 00:00:06.616 -- 00:00:11.201 results. My name is Samuel Scott. I'm the group CEO here at Dustin, and with me today, 00:00:11.201 -- 00:00:14.625 I have our CFO, Julia Lagerqvist. 00:00:14.625 -- 00:00:19.611 And if we get into the two to report, I'm glad to report yet another quarter with organic 00:00:19.611 -- 00:00:24.858 growth, strong cash flow, and reduced leverage, while we continue to streamline and improve 00:00:24.858 -- 00:00:27.638 the efficiency of our operations. 00:00:27.638 -- 00:00:33.166 Net sales development was positive in the quarter, with organic growth of 4.4%. 00:00:33.166 -- 00:00:37.933 Growth was driven by strong performance in the public sector and should partly be seen 00:00:37.933 -- 00:00:40.937 in the light of a strong comparable quarter. 00:00:40.937 -- 00:00:46.365 The gross margin decreased to 13.2% compared with 13.9% last year, 00:00:46.365 -- 00:00:52.491 but indicated a sequential improvement compared to the first quarter's margin of 13.1%. 00:00:52.563 -- 00:00:57.389 The lower margin is mainly explained by mixed effects arising from strong public sector 00:00:57.389 -- 00:01:02.476 growth and continued price pressure in the Netherlands, also a weak performance 00:01:02.476 -- 00:01:06.121 within non-standard services that had a negative impact. 00:01:06.121 -- 00:01:11.468 Adjusted EBITDA was relatively stable at 103 million compared to 110 00:01:11.468 -- 00:01:16.815 million a year earlier, where implemented efficiency measures nearly compensated 00:01:16.815 -- 00:01:21.853 for a lower gross profit. Cash flow from operating activities increased to 00:01:21.853 -- 00:01:26.921 258 million compared to 180 m...