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Dometic Group AB (publ) (DOMETIC.ST)

DOMETIC.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dometic Presents Financial Targets At CMD
Tuesday, 28 May 2019 

May 28 (Reuters) - Dometic Group AB (publ) ::DOMETIC PRESENTS FINANCIAL TARGETS AT ITS CAPITAL MARKETS DAY (CMD).FINANCIAL TARGETS OVER A BUSINESS CYCLE AIMING AT AN ANNUAL NET SALES GROWTH OF 10% (INCLUDING ACQUISITIONS).TARGET: AN EBIT-MARGIN BEFORE ITEMS AFFECTING COMPARABILITY OF 16-17%..DIVIDEND POLICY ENTAILS AN AMBITION TO PAY BACK AT LEAST 40% OF ANNUAL NET PROFIT TO SHAREHOLDERS AS DIVIDEND.FINANCIAL TARGET: AIM IS THAT NET DEBT/EBITDA RATIO SHOULD BE AROUND 2X.TARGET THAT 25% OF SALES SHOULD DERIVE FROM PRODUCTS LAUNCHED IN PAST THREE YEARS.COST RELATED TO DOMETIC'S DIGITAL AGENDA, IS ESTIMATED TO SEK 50M ANNUALLY UNTIL 2023.AMBITION IS THAT COMPANY'S COST INCREASE SHOULD BE 0,5 PP BELOW GENERAL INFLATION RATE.SAYS ASPIRATION IS TO LOWER COMPLEXITY BY REDUCING SKU'S BY 40%, SUPPLIERS BY 50% AND INCREASING LOW COST COUNTRY SOURCING TO 80%.  Full Article

Dometic Presents Revised Strategy At Capital Markets Day
Tuesday, 28 May 2019 

May 28 (Reuters) - Dometic Group AB (publ) ::DOMETIC PRESENTS REVISED STRATEGY AT CAPITAL MARKETS DAY.COST RELATED TO DOMETIC'S DIGITAL AGENDA, IS ESTIMATED TO SEK 50 MILLION ANNUALLY UNTIL 2023.  Full Article

Dometic Issues EUR 300 Million, 7-Year Eurobond
Monday, 29 Apr 2019 

April 30 (Reuters) - Dometic Group AB ::SAID ON MONDAY ISSUES EUR 300 MILLION, 7-YEAR EUROBOND.ISSUED EUR 300 MILLION ON EUROPEAN BOND MARKET WITH A SEVEN-YEAR MATURITY AT FIXED RATE OF 3.00 PCT.ISSUE IS SECOND EUR TRANCHE IN DOMETIC'S EMTN (EURO MEDIUM TERM NOTE) PROGRAM TOTALLING EUR 1.5 BILLION.  Full Article

Dometic Group Q1 EBIT Sek 618 Million
Friday, 26 Apr 2019 

April 26 (Reuters) - Dometic Group AB (publ) ::REPORT ON THE FIRST QUARTER 2019.Q1 NET SALES SEK 4.65 BILLION VERSUS SEK 4.44 BILLION YEAR AGO.Q1 EBIT SEK 618 MILLION VERSUS SEK 638 MILLION YEAR AGO.THIS WAS ONE OF MORE DIFFICULT QUARTERS FOR US IN A LONG TIME -CEO.OUR OUTLOOK FOR 2019 REMAINS UNCHANGED.  Full Article

Dometic Q4 Operating Profit Rises To SEK 328 Mln
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Dometic Group AB (publ) ::Q4 NET SALES FOR QUARTER WERE SEK 4,070 M (3,252).Q4 OPERATING PROFIT (EBIT) FOR QUARTER WAS SEK 328 M (191).PROPOSED DIVIDEND OF SEK 2.15 (2.05) PER SHARE FOR 2018..Q4 PROFIT FOR QUARTER WAS SEK 136 M (277).WE REMAIN COMMITTED TO OUR LONG-TERM FINANCIAL TARGETS.DESPITE A NEGATIVE OUTLOOK FOR RV OEM, 2019 ORGANIC SALES GROWTH IS ESTIMATED TO BE SLIGHTLY POSITIVE WITH AN EBIT MARGIN CLOSE TO 15 PERCENT.LEVERAGE IS EXPECTED TO BE AROUND 2.0X BY END OF 2019.  Full Article

Dometic CFO And Deputy CEO To Leave Company
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Dometic Group AB (publ) ::PER-ARNE BLOMQUIST, CFO AND DEPUTY CEO OF DOMETIC, HAS DECIDED TO LEAVE COMPANY.  Full Article

Dometic Group Q4 EBIT Ex-Items Soars To Sek ‍310​ Million
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Dometic Group Ab (Publ) ::Q4 NET SALES SEK 3.25‍​ BILLION VERSUS SEK 2.79 BILLION YEAR AGO.Q4 EBIT EX-ITEMS SEK ‍310​ MILLION VERSUS SEK 210 MILLION YEAR AGO.‍PROPOSED DIVIDEND OF SEK 2.05 (1.85) PER SHARE FOR 2017​.‍"WE ARE AIMING AT REACHING OUR TARGET OF 15 PERCENT EBIT MARGIN DURING 2018"​.‍OUTLOOK FOR COMBINED BUSINESSES REMAINS POSITIVE WITH ESTIMATED ORGANIC GROWTH IN LINE WITH TARGET OF 5 PERCENT.  Full Article

Dometic Has Five One-Off Items Affecting Result In Q4 2017
Friday, 2 Feb 2018 

Feb 2 (Reuters) - DOMETIC GROUP AB (PUBL) ::ITEMS AFFECTING DOMETIC'S RESULT IN Q4 2017.HAS FIVE MAJOR ONE-OFF ITEMS AFFECTING RESULT IN Q4 2017.NEW US TAX REFORM HAS A NEGATIVE EFFECT OF SEK 20 MILLION TO 2017 RESULTS.DOMETIC - DEFERRED TAX LIABILITY RELATED TO SEASTAR SOLUTIONS DEAL REVALUATED TO NEW TAX RATE WHICH WILL HAVE A POSITIVE EFFECT OF SEK 298 MILLION..DOMETIC - REACHED AN AGREEMENT WITH INSURANCE COMPANY REGARDING REIMBURSEMENT OF COSTS RELATED TO US CLASS ACTION COMPLAINTS.REIMBURSED AMOUNT FOR COSTS INCURRED UNTIL YEAR-END 2017 IS SEK 28 MILLION, WHICH IS BOOKED IN Q4.  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

Sweden's Dometic sets goal to grow sales to 30 bln SEK

STOCKHOLM, May 28 Sweden's Dometic, which makes accessories for motorhomes, caravans and boats, said on Tuesday it aimed to grow sales more than 60 percent to 30 billion Swedish crowns ($3.14 billion) as it looked to push on from years of rapid expansion.