- Business
- Dustin Group AB (publ) is a leading online distributor of information technology products and services primarily serving businesses and the public sector in the Nordic countries and Benelux region; it offers an extensive portfolio encompassing hardware such as computers, tablets, smartphones, servers, storage devices, peripherals, printers, networking equipment, audio-video solutions and office products; software including licenses and subscriptions; and related services comprising financing options, managed services, cloud solutions, IT infrastructure support, print management, software licensing, personalized mobility services, subscription-based offerings and strategic IT consulting. The company operates through two main segments, Small and Medium-sized Businesses (SMB) and Large Corporate and Public Sector (LCP), with over 280,000 products available to corporate clients, public organizations and consumers; it maintains subsidiaries including Dustin Sverige AB and Dustin AB focused on IT hardware distribution and electronics trading. Founded in 1984 and headquartered in Nacka Strand, Sweden, Dustin Group employs approximately 2,300 people, generates annual sales around SEK 21.5 billion with majority revenue from LCP, and functions as a subsidiary of AxMedia AB, which recently increased its stake through market purchases. In recent developments, the company executed a fully guaranteed rights issue of approximately SEK 1,250 million in April-May 2025, which was fully subscribed to strengthen its balance sheet and reduce net debt amid challenging market conditions and declining sales; it also recorded a SEK 2,500 million non-cash goodwill impairment in Q2 2024/25 to reflect market realities and prioritize standardized services. Additionally, CEO Johan Karlsson stepped down in agreement with the Board effective November 10, 2025, with Samuel Skott, former CEO of HiQ and Tele2 Sweden, appointed as the new CEO to drive long-term profitable growth and strategic enhancements.