Favourable trend in core operations amid a challenging market


Third quarter

•  Net sales for the quarter increased 0.9 per cent to SEK 1,919 million
(1,902). Organic growth in constant currency was negative 1.1 per cent (25,2).

•  Gross margin rose to 14.2 per cent (13.6).

•  Adjusted EBITA amounted to SEK 82 million (80). Items affecting comparability
amounted to a negative SEK 15 million (100).

•  Profit for the quarter amounted to 39 million (136).

•  Earnings per share before dilution totalled SEK 0.51 (2.05).

•  Earnings per share after dilution amounted to SEK 0.51 (2.05).

•  Cash flow from operating activities totalled SEK 14 million (120).

September 2014 – May 2015

•  Net sales for the period rose 7.7 per cent to 6,175 million (5,734). Organic
growth in constant currency was 5.7 per cent (22.0).

•  Gross margin was 14.0 per cent (14.3).

•  Adjusted EBITA amounted to SEK 286 million (283). Items affecting
comparability totalled
a negative SEK 64 million (48).

•  Profit for the period amounted to SEK 95 million (184).

•  Earnings per share, before dilution, totalled SEK 1.36 (2.79).

•  Earnings per share after dilution amounted to SEK 1.36 (2.79).

•  Cash flow from operating activities totalled SEK 81 million (282).

•  Net debt in relation to adjusted EBITDA in the past 12-month period was under
2.6 (3.2 for the full year, 13/14).

Operations

All amounts in SEK million,  Q3     Q3     Kv 1     Q1-Q3  Q4 13/14–  Full
unless otherwise indicated   14/15  13/14  -Kv314/  13/14  Q3 14/15   -year13/
                                           15                         14
Net sales                    1,919  1,902  6,175    5,734  7,812      7,371
Organic sales growth (%)     -1.1   25.2   5.7      22.0   -          21.0
Gross margin (%)             14.2   13.6   14.0     14.3   14.2       14.4
Adjusted EBITA               82     80     286      283    356        353
Adjusted EBITA margin (%)    4.3    4.2    4.6      4.9    4.6        4.8
Profit for the period        39     136    95       184    75         164
Earnings per share before    0.51   2.05   1.36     2.79   1.09       2.48
dilution *
Earnings per share after     0.51   2.05   1.36     2.79   1.09       2.48
dilution *
Cash flow from operating     14     120    81       282    -          256
activities
Net debt/adjusted EBITDA     -      -      -        -      2.6        3.2
(multiple)
Return on equity (%)         -      -      -        -      9.6        22.0

*To gain comparability among the periods, earnings per share have been
recalculated, based on the number of shares.

For further information, please contact:

Niklas Alm, Head of Investor Relations

niklas.alm@dustin.se, +46 (0)70 824 40 88

This information is such that Dustin Group AB (publ) is required to disclose in
accordance with the Swedish Financial Instruments Trading Act and/or the Swedish
Securities Market Act. The information was submitted for publication at 08:00
CET on July 7, 2015.

About Dustin Group

Dustin Group is one of the leading Nordic resellers of IT products and
additional services to companies, the public sector and private individuals.
Having its core business within e-commerce, Dustin functions as a bridge between
the manufacturer’s large selection and the customer’s needs where Dustin’s
employees help customers find the right solution for their needs.

Dustin Group is a one-stop-shop that offers approximately 200,000 products with
associated services, functions and solutions. The operation is conducted in
Sweden, Denmark, Norway and Finland. Besides Dustin and Dustin home, the Group
also includes  Businessforum and Resolute (Finland) and IT-Hantverkarna
(Sweden).

Dustin Group has more than 900 employees. Sales during the 2013/14 financial
year amounted to approximately SEK 7.4 billion. About 90 per cent of Dustin’s
income derives from the corporate market with a focus on small and medium
companies. Dustin Group is listed on Nasdaq Stockholm since 2015 and has its
head office in Nacka in Stockholm.

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