Want to see SE:DUST full AI Analyst Report?
Dustin Group AB (DUST) AI Stock Analysis
Top Page
Dustin Group AB
(Nasdaq OMX AB:DUST)
The score is primarily constrained by weak financial performance, including ongoing losses and declining revenue. Technical indicators are also unfavorable, while the negative P/E and absent dividend provide no valuation support. Improving margins, debt, efficiency, and cash generation in the latest earnings call provide meaningful but insufficient offsetting strength.
Dustin Group AB (DUST) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 2.13B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.09M
- Price to Earnings (P/E)
- -2.7
- Beta (1Y)
- 1.17
- Revenue Growth
- 2.94%
- EPS Growth
- 83.00%
- Country
- Sweden
- Employees
- 1,800
- Sector
- General
- Sector Strength
- 55
- Industry
- Information Technology Services
Dustin Group AB Business Overview & Revenue Model
Company Description
Dustin Group AB (publ), a Swedish entity established in 1984 and headquartered in Nacka Strand, specializes in providing online IT products and comprehensive services. Its market reach extends across the Nordic region and the Netherlands. The company...
How the Company Makes Money
Dustin Group makes money primarily by reselling IT products and solutions, earning revenue from the difference between purchase cost from vendors/distributors and the sales price to customers (product gross margin). A major revenue stream is B2B and...
Dustin Group AB Earnings Call Summary
The call was broadly positive. Profitability, margins, efficiency savings, leverage, net working capital, and underlying SMB growth all improved, while the cybersecurity incident was contained and operations were restored. These positives were tempered by declining reported sales, negative quarterly cash flow, public-sector and PC-demand pressure, component shortages, challenges in the Netherlands, and the absence of a dividend.
Q4-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Looking ahead, continued component shortages are expected to drive further price increases and impact product availability also in 2027, while higher prices are expected to weigh on workplace demand and the rapid development of AI is creating new opportunities and drives demand for updated IT infrastructure; Dustin will drive profitable growth in SMB, complete the phaseout of nonstandardized services, maintain a strong pricing discipline and continue to drive efficiencies, with organization-wide efficiency measures delivering annual savings of approximately SEK 80 million, a long-term target for net working capital of around minus SEK 100 million, and leverage targeted at between 2.0 to 3.0x; the phaseout of nonstandardized services is progressing according to plan and has a low -- it's in the single digit, I would say, impact per quarter.
Dustin Group AB Financial Statement Overview
Summary
Financial performance remains challenged by declining revenue, negative profitability, shrinking equity and assets, and volatile cash flow. Debt has improved and cash generation recovered, supporting a below-average but stabilizing score.
Income Statement
35NegativeBalance Sheet
58NeutralCash Flow
52Neutral| Breakdown | TTM | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.01B | 21.01B | 20.41B | 21.48B | 23.58B | 23.60B |
| Gross Profit | 2.83B | 2.83B | 2.77B | 3.21B | 3.41B | 3.46B |
| EBITDA | 1.40B | 1.45B | 527.00M | 763.90M | 894.40M | 1.17B |
| Net Income | -798.00M | -799.00M | -2.63B | 53.00M | 173.90M | 477.70M |
Balance Sheet | ||||||
| Total Assets | 12.34B | 12.34B | 13.40B | 15.82B | 16.13B | 15.85B |
| Cash, Cash Equivalents and Short-Term Investments | 1.02B | 1.02B | 676.00M | 883.90M | 1.11B | 766.80M |
| Total Debt | 3.02B | 3.02B | 3.07B | 4.19B | 5.90B | 5.28B |
| Total Liabilities | 7.59B | 7.59B | 7.90B | 8.81B | 10.74B | 10.77B |
| Stockholders Equity | 4.76B | 4.76B | 5.51B | 7.01B | 5.39B | 5.08B |
Cash Flow | ||||||
| Free Cash Flow | 623.00M | 654.00M | -87.00M | -97.90M | 379.10M | 393.40M |
| Operating Cash Flow | 689.00M | 689.00M | -74.00M | 147.10M | 619.20M | 584.30M |
| Investing Cash Flow | -161.00M | -161.00M | -169.00M | -244.30M | -240.10M | -211.60M |
| Financing Cash Flow | -191.00M | -191.00M | 21.00M | -148.90M | 26.70M | -434.60M |
Dustin Group AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:DUST, the sentiment is Negative. The current price of 1.57 is below the 20-day moving average (MA) of 1.67, below the 50-day MA of 1.72, and below the 200-day MA of 1.67, indicating a bearish trend. The MACD of -0.04 indicates Positive momentum. The RSI at 35.31 is Neutral, neither overbought nor oversold. The STOCH value of 18.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:DUST.
Dustin Group AB Peers Comparison
Overall Rating
SE:PACT78Outperform
SE:EXS68Neutral
SE:ANOD.B64Neutral
SE:SOF.B63Neutral
SE:KNOW60Neutral- SE:DUST49Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SE:PACT | 78Outperform | SEK 3.78B | 16.24 | 21.32% | 1.73% | 3.73% | 55.91% |
| SE:EXS | 68Neutral | SEK 1.53B | 24.15 | 11.71% | 1.67% | 9.08% | -14.10% |
| SE:ANOD.B | 64Neutral | SEK 9.00B | 23.62 | 13.08% | 1.75% | 4.71% | -1.34% |
| SE:SOF.B | 63Neutral | SEK 1.01B | 13.59 | 26.03% | 7.05% | 10.87% | -1.59% |
| SE:KNOW | 60Neutral | SEK 3.21B | -11.65 | -7.43% | 2.05% | -5.94% | -382.16% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| SE:DUST | 49Neutral | SEK 2.13B | -2.69 | ― | ― | 2.94% | 83.00% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:DUST | Dustin Group AB | 1.57 | -0.40 | -20.08% | |
| SE:SOF.B | Softronic AB Class B | 19.16 | -2.34 | -10.86% | |
| SE:ANOD.B | Addnode Group AB Class B | 65.90 | -41.28 | -38.52% | |
| SE:EXS | Exsitec Holding AB | 113.50 | -43.82 | -27.85% | |
| SE:KNOW | Knowit AB | 117.20 | 0.56 | 0.48% | |
| SE:PACT | Proact IT Group AB | 150.40 | 49.49 | 49.04% |
Dustin Group AB Corporate Events
Dustin Group boosts margins and cash flow amid restructuring and goodwill write-downs
Dustin Group AB reported a softer fourth quarter with net sales down 4.8 percent to SEK 4,813 million and organic sales declining 5.0 percent, mainly due to the discontinuation of its consumer business and weaker SMB performance. Despite the revenue...
Dustin to present 2025/26 year-end results in October investor call
Dustin Group AB will publish its year-end report for the 2025/26 fiscal year on October 14 at 8:00 a.m. CEST and follow up with a conference call at 9:30 a.m., where CEO Samuel Skott and CFO Julia Lagerqvist will present the results. The English-lang...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 21, 2026