Dustin Group AB (publ) DUST
Email when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
The news check keeps the assessment current.
General analysis — not personal advice.
Hold/wait. Consider adding only if upcoming quarters confirm stable gross margin and continued adjusted EBITA improvement without new one-offs; the insider buy is supportive but not a substitute for durable earnings proof.
The operational improvement in adjusted EBITA and lower leverage is weighed against substantially higher operational risk following the IT incident that halted sales and logistics.
Sentiment remains subdued, centered on growth uncertainty and the longer-term effects of the IT incident, despite clear margin improvements.
HOLD is the call. Neutral is the market mood. High risk means a lot can go wrong.
Latest change
- 15 Oct 2026 — Report shows lower sales but improved leverage following the IT incident.
The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.
Show all changes (8) — follow the company freeAbout the company
Dustin Group AB (publ) is an IT reseller and IT partner selling hardware, software, and services primarily to businesses and the public sector across the Nordics and Benelux. The company is in a turnaround/restructuring phase focused on cost savings, margin recovery, and deleveraging after a period of pressured profitability.
Bull case
Efficiency measures and declining net debt can support margins once systems are restarted.
Bear case
The IT incident creates direct revenue loss, extra costs and risk of customer attrition that complicates the turnaround.
Why this signal
The operational improvement in adjusted EBITA and lower leverage is weighed against substantially higher operational risk following the IT incident that halted sales and logistics.
Recent news
The Q4 report for FY 2025/26 showed net sales of SEK 4,813 million (−4.8 %) and adjusted EBITA of SEK 110 million with a 2.3 % margin. Full-year net sales reached SEK 21,006 million (+2.9 %) and net debt/EBITDA improved to 2.8×. No dividend is proposed. The September IT incident is described as temporary with no material Q1 impact.