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Dometic Group AB (publ)

DOMETIC.ST

Latest Trade

82.00SEK

Change

-0.32(-0.39%)

Volume

138,147

Today's Range

81.36

 - 

82.40

52 Week Range

52.45

 - 

96.34

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Dometic Group Q2 EBITDA Up At SEK 1.1 Bln

July 17 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::REPORT ON THE SECOND QUARTER 2019.Q2 NET SALES FOR QUARTER WERE SEK 5,329 M (5,260); AN INCREASE OF 1%, OF WHICH -7% WAS ORGANIC GROWTH..Q2 OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) FOR QUARTER WAS SEK 1,100 M (1,048), REPRESENTING A MARGIN OF 20.6% (19.9%).Q2 OPERATING PROFIT (EBIT) FOR QUARTER WAS SEK 900 M (919), REPRESENTING A MARGIN OF 16.9% (17.5%)..FIRST HALF OF 2019 WAS VERY MUCH CHARACTERIZED BY A CONTINUED FOCUS ON EFFICIENCY IMPROVEMENTS AND BUILDING A FOUNDATION FOR AN EVEN MORE DIVERSIFIED AND STRONGER DOMETIC.RESTRUCTURING PROGRAM LAUNCHED IN Q4 2018 IS PROCEEDING WELL, WITH GOOD PROGRESS IN ALL REGIONS.WE ARE WELL ON TRACK IN EXPANDING OUR PRESENCE IN MEXICO, AND NEW SITE IS EXPECTED TO BE FINALIZED IN Q3.DESPITE CHALLENGING RV MARKETS AND NEGATIVE IMPACT FROM ADDITIONAL US TARIFFS, WE HAVE MANAGED TO KEEP IMPROVING OUR COST STRUCTURES AND IMPLEMENT PROCESSES AND BEST PRACTICES ACROSS OUR GLOBAL ORGANIZATION, WHILE INVESTING IN NEW OPPORTUNITIES.SKU REDUCTION IS PROGRESSING AT A GOOD PACE AND WE REMAIN CONFIDENT IN TERMS OF OUR AMBITION TO ACHIEVE A 30 PERCENT REDUCTION BY END OF YEAR.SHORT TERM, WE EXPECT ORGANIC GROWTH TO BE SLIGHTLY POSITIVE DURING SECOND HALF OF YEAR COMPARED TO SAME PERIOD LAST YEAR.FULL YEAR 2019 OUTLOOK IS REVISED TO NEGATIVE ORGANIC GROWTH AND AN EBIT MARGIN ABOVE 14 PERCENT.

Dometic Appoints New Chief Financial Officer

Dometic Group AB (publ) <DOMETIC.ST>::DOMETIC APPOINTS NEW CHIEF FINANCIAL OFFICER.APPOINTED STEFAN FRISTEDT AS NEW CHIEF FINANCIAL OFFICE.STEFAN FRISTEDT WILL JOIN DOMETIC ON OCTOBER 1 AND WILL IN HIS NEW POSITION BE PART OF DOMETIC'S GROUP MANAGEMENT.

Dometic Presents Financial Targets At CMD

May 28 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::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%.

Dometic Presents Revised Strategy At Capital Markets Day

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

Dometic Issues EUR 300 Million, 7-Year Eurobond

April 30 (Reuters) - Dometic Group AB <DOMETIC.ST>::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.

Dometic Group Q1 EBIT Sek 618 Million

April 26 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::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.

Dometic CEO sees continued inventory adjustments in North America RV market

Feb 8 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST> 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.

Dometic Q4 Operating Profit Rises To SEK 328 Mln

Feb 8 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::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.

Dometic CFO And Deputy CEO To Leave Company

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

Dometic Group Acquires Kampa

Dec 4 (Reuters) - Dometic Group AB <DOMETIC.ST>::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.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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