Operator
Welcome to the Dustin Q1 presentation for 2025-’26. [Operator Instructions]
Now I will hand the conference over to the CEO, Samuel Skott; and CFO, Julia Lagerqvist. Please go ahead.
Samuel Skott
CEO & President
Thank you. Good morning, and a very warm welcome, everyone, to our Q1 report presentation for Dustin. First of all, I want to say that I’m happy to be here today presenting my first quarterly report as CEO of Dustin. And with me here today, I have Julia Lagerqvist, our CFO, here at Dustin. So let’s start with the presentation.
I’m glad to report a quarter with organic growth, improved profitability, robust cash flow and reduced leverage. Net sales development was positive in the quarter with organic growth of 18%. The performance should partly be seen in the light of a weak comparative quarter. But apart from that, the positive development was driven by our LCP segment and particularly, the public sector.
Gross profit increased slightly, while the gross margin fell to 13.1% compared with 14.3% last year. The decrease in gross margin is explained by strong public sector growth, a high share of PC sales and continued price pressure in the Netherlands. Adjusted EBITA increased from SEK 21 million to SEK 83 million, driven by efficiency measures implemented a weak comparative quarter and higher sales volumes. The margin increased to 1.5% compared to 0.4% last year.
Cash flow from operating
