Dustin Group AB (publ) (DUST) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Dustin Q3 presentation for 2026. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the CEO, Samuel Scott, and CFO, Julia Lagerquist. Please begin your meeting. Thank you, and good morning, everyone, and welcome to Dustin's presentation of our third quarter results. My name is Samuel, and I'm joined here today by our CFO, Julia Lagerqvist, and together we will take you through the highlights of the quarter before we open up for questions. I'm pleased to report yet another quarter with organic growth, improved margins, strong cash flow, and reduced leverage, while continuing to sharpen our commercial focus and the efficiency of our operations. Net sales development was positive in the quarter, with organic growth of 2.6%, Growth WAS DRIVEN BY CONTINUED STRONG PERFORMANCE FROM THE PUBLIC SECTOR AND SUPPORTED BY ORDERS BROUGHT FORWARD TO SECURE PRICING AND AVAILABILITY IN THE LIGHT OF THE COMPONENT SHORTAGE. THE GROWTH MARGIN INCREASED TO 14.4% COMPARED WITH 13.4% LAST YEAR AND IS ALSO A SEQUENTIAL IMPROVEMENT COMPARED TO THE SECOND QUARTER. THE HIGHER MARGIN IS MAINLY EXPLAINED BY HIGHER MARKET PRICING AND IMPROVEMENTS WITHIN LARGE CORPORATES AND PUBLIC. Adjusted EBITDA improved to 118 million compared to 72 million a year ago, explained by the stronger gross margin and earlier incremental efficiency measures. The margin increased to 2.3% compared to 1.4% last year. Cash flow from operating activities increased to 259 million compared to minus 139 million last year. This is primarily driven by improved networking capital. Leverage measured as net debt to EDITA dropped to 2.3 times and is now well within our target range of 2 to 3 times a...