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Unexpectedly large profit drop for Dustin

» Updated: 24 September 2024, 09:36

» Published: 02 July 2024

Unexpectedly large profit drop for Dustin
Photo: Tomas Oneborg/SvD/TT

The technology reseller Dustin's operating result fell to 86.3 million kronor for the broken fiscal year's third quarter.

This can be compared to the operating profit of 97 million during the corresponding quarter under the previous fiscal year.

The net sales fell to 5.4 billion kronor, from 5.6 billion.

The average forecast was for sales revenue of 5.2 billion and an operating profit of 118 million kronor, according to Bloomberg's compilation of forecasts.

"The profitability weakened during the quarter as a direct consequence of weak volume development and thus a relatively too high cost base", says Dustin's CEO Johan Karlsson according to a press release.

Dustin belongs to the winners on the stock exchange this year, with a price increase of 22 percent since the turn of the year.

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By TTThis article has been altered and translated by Sweden Herald

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