DUSTNasdaq StockholmTechnologyIFRS · SEK

Dustin Group

Dustin Group AB is a Swedish IT service provider focused on delivering comprehensive IT solutions to business customers across Europe. The company operates primarily through two segments: Small and Medium-sized Businesses (SMB) and Large Corporate and Public sector (LCP). Dustin leverages its strong Nordic operating model and extensive online presence to serve a diverse clientele, including major corporations and public sector entities. The company emphasizes sustainability and aims to facilitate sustainable business practices through its offerings.

Revenue21.5bn SEK
+0.0 %y/y
Operating profit (EBIT)332m SEK
+1,428.0 %y/y
EBIT margin1.5%
+1.7 ppy/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-50510152025bn SEK2021: 23.6 bn SEK2021: EBIT 0.76 bn SEK20212022: 23.6 bn SEK2022: EBIT 0.47 bn SEK20222023: 21.5 bn SEK2023: EBIT 0.33 bn SEK20232024: 21.5 bn SEK2024: EBIT -0.03 bn SEK20242025: 21.5 bn SEK2025: EBIT 0.33 bn SEK202521.50.33
RevenueOperating profit (EBIT)

Business

Share of revenue
IT Hardware40 %

Includes computers, servers, and networking equipment

Managed Services25 %

Standardized and managed IT services for businesses

Software Solutions20 %

Software products and licensing

Consultancy Services15 %

IT consultancy and support services

Customers

Dustin primarily serves business customers, focusing on both small and medium-sized businesses (SMB) and large corporate and public sector (LCP) clients. The SMB segment includes companies with up to 500 employees, while the LCP segment targets larger organizations and public sector entities. Customers choose Dustin for its comprehensive IT solutions, which include hardware, software, and managed services tailored to their specific needs. The company's strong online presence and consultative selling approach further enhance its appeal to business clients seeking efficient and scalable IT solutions.

SMB

Small and medium-sized businesses buy IT solutions for growth and efficiency

LCP

Large corporations and public sector entities seek scalable IT infrastructure

Strategy

Dustin's strategic priorities focus on achieving long-term profitable growth through a sharper focus on the B2B segment and refining its service offerings. The company aims to enhance its profitability by implementing efficiency measures and expanding its managed services portfolio. Sustainability is integrated into its strategy, with targets to reduce CO2 emissions and promote circular business models. Dustin also seeks to maintain financial flexibility to support potential acquisitions and further market expansion.

B2B FocusMedium term

To drive growth and profitability

SustainabilityLong term

To align with climate targets and customer expectations

Geography

Dustin operates primarily in the Nordic region, with significant market presence in Sweden, Finland, Denmark, Norway, and the Netherlands. The company has established itself as a leading IT partner in these regions, leveraging its Nordic operating model to expand its reach. While the Nordic countries form the core of its operations, Dustin also has a growing presence in Belgium. The geographic diversity allows Dustin to mitigate risks associated with economic fluctuations in any single market.

Risks

Dustin faces several business and financial risks, including economic uncertainty and geopolitical tensions that could impact demand and cost structures. The company is also exposed to risks related to supply chain disruptions and currency fluctuations, particularly given its operations in multiple countries. Additionally, the transition to new technologies, such as Windows 11, poses both opportunities and challenges in terms of hardware demand. The company actively manages these risks through strong customer relationships and strategic planning.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Economic Uncertainty1Geopolitical Tensions2Currency Fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Economic UncertaintyImpact: HighLikelihood: High

    Affects demand and cost structures

  2. Geopolitical TensionsImpact: HighLikelihood: Medium

    Potential supply chain disruptions

  3. Currency FluctuationsImpact: MediumLikelihood: Medium

    Impacts financial performance

Accounting

Judgemental items
Revenue Recognition

Affects timing and amount of software revenue reported

Impact: high

Derivatives and Hedging

Influences financial statements through fair value adjustments

Impact: medium

Goodwill Impairment

Significant due to market condition impacts

Impact: high

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026