Edition:
United Kingdom

Dometic Group AB (publ) (DOMETIC.ST)

DOMETIC.ST on Stockholm Stock Exchange

77.30SEK
18 Feb 2019
Change (% chg)

-1.50kr (-1.90%)
Prev Close
78.80kr
Open
78.80kr
Day's High
78.80kr
Day's Low
74.95kr
Volume
1,609,813
Avg. Vol
1,424,123
52-wk High
97.40kr
52-wk Low
52.45kr

Latest Key Developments (Source: Significant Developments)

Dometic CEO sees continued inventory adjustments in North America RV market
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Dometic Group AB (publ) CEO Juan Vargues in interview with Reuters::DOMETIC CEO SAYS AFTERMARKET GROWING REALLY WELL, MARINE LOOKS VERY POSITIVE.DOMETIC CEO SAYS EXPECTS CONTINUED INVENTORY ADJUSTMENTS IN NORTH AMERICA RV OEM MARKET FOR ANOTHER 1-2 QUARTERS.DOMETIC CEO SAYS EXPECTS WEAKER H1 FOLLOWED BY STRONGER H2 IN NORTH AMERICA RV OEM MARKET.  Full Article

Dometic Group Acquires Kampa
Monday, 3 Dec 2018 

Dec 4 (Reuters) - Dometic Group AB ::SAID ON MONDAY ACQUIRES KAMPA, A FAST-GROWING PRODUCT INNOVATOR IN RETAIL AND AFTERMARKET.CASH PURCHASE PRICE OF GBP 50 MILLION ON A DEBT AND CASH FREE BASIS EXCLUDING POTENTIAL EARN-OUT ELEMENT, FULLY FINANCED VIA CASH.SIMULTANEOUS SIGNING AND CLOSING ON DECEMBER 3, 2018.SYNERGIES ARE EXPECTED TO BE LIMITED.DOMETIC INTENDS TO MAINTAIN ITS DIVIDEND POLICY TO DISTRIBUTE AT LEAST 40 PER CENT OF NET PROFIT.TRANSACTION IS IMMEDIATELY ACCRETIVE TO DOMETIC’S OPERATING MARGIN AND EPS.  Full Article

Dometic Group Issues EUR 300 Million Bond
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Dometic Group AB ::SAID ON THURSDAY HAD ISSUED EUR 300 MILLION ON THE EUROPEAN BOND MARKET.BOND WAS ISSUED WITH FIVE-YEAR MATURITY AT FIXED RATE OF 3.00 PERCENT.ISSUE WAS THE FIRST TRANCHE IN CO'S NEWLY ESTABLISHED EURO MEDIUM TERM NOTE (EMTN) PROGRAM TOTALLING EUR 1.5 BILLION.  Full Article

Dometic Group Q2 Operating Profit Up At SEK 919 Mln
Wednesday, 18 Jul 2018 

July 18 (Reuters) - DOMETIC GROUP AB (PUBL) ::Q2 NET SALES FOR QUARTER TOTALED SEK 5,260 M (3,949).Q2 OPERATING PROFIT (EBIT) AMOUNTED TO SEK 919 M (650)."LEVERAGE WAS AT 3.4X AT END OF QUARTER NEGATIVELY AFFECTED BY CURRENCIES" - CEO.  Full Article

Dometic Group CEO Buys Shares In Company
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Dometic Group Ab (Publ) ::SHARE PURCHASE TRANSACTION BY DOMETIC CEO.CEO PURCHASE A TOTAL OF 240,183 SHARES IN COMPANY AT AN AVERAGE PRICE OF SEK 83.43.  Full Article

Dometic boosts marine business with $875 mln acquisition of SeaStar
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Dometic Group AB (Publ) :Dometic acquires SeaStar Solutions, a leading North American-based supplier to the leisure marine industry, from affiliates of American Securities LLC.Says acquisition strengthens and expands Dometic's position as a global supplier to the marine industry through new product areas, and a broader distribution network and market presence.Says ‍cash purchase price of USD 875 million, fully financed via cash and committed bank facilities​.Says ‍sees sales and cost synergies of USD 20 million per annum, fully realized within 3 years​.Says ‍closing expected in Q4 2017, subject to customary conditions and regulatory approval​.Says SeaStar ‍is expected to report sales of USD 320 million and EBITDA of USD 85 million in 2017.SeaStar Solutions is based in North America, operates 8 facilities and employs approximately 1,250 people​.Says ‍Dometic intends to maintain its dividend policy of at least 40 per cent of net profit​.  Full Article

Dometic Q3 EBIT ex-items rises to SEK 482 million ​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - DOMETIC GROUP AB (PUBL) :Q3 ‍OPERATING PROFIT (EBIT) BEFORE ITEMS AFFECTING COMPARABILITY AMOUNTED TO SEK 482 MILLION (426)​.Q3 ‍NET SALES FOR QUARTER TOTALED SEK 3,399 MILLION (3,142); AN INCREASE OF 8%, OF WHICH 11% WAS ORGANIC GROWTH​.SAYS ‍WE REMAIN COMMITTED TO OUR FINANCIAL TARGETS AND OUTLOOK FOR OUR BUSINESSES REMAINS UNCHANGED​.  Full Article

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Trade fears end European shares' series of weekly gains

LONDON European stocks slipped again on Friday and put an end to five straight weeks of gains as fears about an economic slowdown in the euro zone and a potential full-blown Sino/U.S. trade war added to disappointing earnings from blue chips.