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Dometic Group AB (publ)

DOMETIC.ST

Latest Trade

82.20SEK

Change

-0.26(-0.32%)

Volume

2,135,738

Today's Range

80.36

 - 

83.70

52 Week Range

37.64

 - 

99.84

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

Latest Developments

Dometic Group Q1 EBIT Down At SEK 421 Mln

April 24 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::REPORT ON THE FIRST QUARTER 2020.Q1 NET SALES SEK 4.20 BILLION VERSUS SEK 4.65 BILLION YEAR AGO.Q1 EBIT SEK 421 MILLION VERSUS SEK 618 MILLION YEAR AGO.Q1 EBITDA SEK 597 MILLION VERSUS SEK 818 MILLION.WE EXPECT THAT SALES AND PROFITABILITY WILL BE SIGNIFICANTLY AFFECTED IN Q2 OF 2020.

Dometic Group Withdraws Its Dividend Proposal

March 20 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::THE BOARD OF DIRECTORS WITHDRAWS ITS DIVIDEND PROPOSAL BEFORE THE ANNUAL SHAREHOLDERS' MEETING 2020 DUE TO THE IMPACT OF THE CORONAVIRUS OUTBREAK.SPREAD OF COVID-19 IMPACTS MARKETS WHERE DOMETIC HAS PRESENCE IN TERMS OF PRODUCTION AND SALES.ESTIMATES THAT DEMAND ALSO IN Q2 WILL BE NEGATIVELY AFFECTED.NOT POSSIBLE TO QUANTIFY FINANCIAL EFFECTS THEREOF GIVEN EXCEPTIONAL AND UNCERTAIN MARKET CONDITIONS.BOARD HAS THEREFORE DECIDED TO WITHDRAW ITS DIVIDEND PROPOSAL.IS TAKING MEASURES TO MITIGATE EFFECTS, SUCH AS CAPACITY ADJUSTMENTS, COST REDUCTIONS, USE OF GOVERNMENT SUPPORT PROGRAMS AND REDUCED CAPEX TO MAINTAIN FINANCIAL STABILITY.

Dometic Group Implements New Organizational Structure

Feb 11 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::BUILDING A MORE FOCUSED DOMETIC.IS IMPLEMENTING A NEW ORGANIZATIONAL STRUCTURE TO GENERATE ADDITIONAL FOCUS AND PERFORMANCE.NEW STRUCTURE WILL BE FORMED AROUND FOUR SECTORS, COMPARED TO THREE REGIONS TODAY: AMERICAS SECTOR, EMEA SECTOR, APAC SECTOR AND GLOBAL SECTOR.NEW ORGANIZATIONAL STRUCTURE WILL BE EFFECTIVE AS FROM APRIL 1, 2020 AND WILL BE REFLECTED IN DOMETIC'S REPORT FOR Q2 OF 2020..

Dometic Group Net Sales For Q4 Were SEK 3,919 mln

Jan 31 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::REPORT ON THE FOURTH QUARTER 2019.DOMETIC GROUP AB (PUBL) - BOARD OF DIRECTORS PROPOSE A DIVIDEND OF SEK 2.20 (2.15) PER SHARE FOR 2019..DOMETIC GROUP AB (PUBL) - NET SALES FOR QUARTER 4 WERE SEK 3,919 M (4,070); A DECREASE OF -4%, OF WHICH -9% WAS ORGANIC GROWTH.DOMETIC GROUP AB (PUBL) - Q4 OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) FOR QUARTER WAS SEK 445 M (469), REPRESENTING A MARGIN OF 11.4% (11.5%).DOMETIC GROUP AB (PUBL) - 2019 WAS AN IMPORTANT YEAR FOR DOMETIC - CEO.DOMETIC GROUP AB (PUBL) - DESPITE A CHALLENGING TRADING ENVIRONMENT IN AREAS OF OUR BUSINESS AND US TRADE TARIFFS, WE HAVE MANAGED TO DELIVER 1 PERCENT NET SALES GROWTH FOR FULL YEAR.DOMETIC GROUP AB (PUBL) - WE ALSO DEMONSTRATED A STRONG ABILITY TO REACT IMMEDIATELY TO CHANGING MARKET CONDITIONS BY TAKING ACTIONS LEADING TO CONTINUED HIGH PROFITABILITY AND BEST OPERATING CASH FLOW IN HISTORY OF DOMETIC.DOMETIC GROUP AB (PUBL) - WE REMAIN CONFIDENT THAT WE WILL DELIVER ON PREVIOUSLY COMMUNICATED TARGET OF ESTIMATED ANNUALIZED EFFECTS ON EARNINGS OF APPROXIMATELY SEK 400 M WHEN FULLY IMPLEMENTED, WITH FULL IMPACT IN MIDDLE OF 2022.DOMETIC GROUP AB (PUBL) - WE HAVE INCREASED OUR INVESTMENTS IN INNOVATION, IN BUILDING COMMERCIAL ORGANIZATION FOR NEW GROWTH AREAS AND IN IT TO BECOME EVEN MORE COMPETITIVE IN YEARS TO COME.DOMETIC GROUP AB (PUBL) - WE ACHIEVED OUR AMBITIOUS TARGETS RELATING TO INNOVATION INDEX AND SKU REDUCTION FOR YEAR..

Dometic Group Q3 EBITDA Down At SEK 792 Mln

Oct 24 (Reuters) - Dometic Group AB (publ) <DOMETIC.ST>::Q3 OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) WAS SEK 792 M (835), REPRESENTING A MARGIN OF 17.2% (18.6%).Q3 NET SALES WERE SEK 4,605 M (4,501); AN INCREASE OF 2%, OF WHICH -6% WAS ORGANIC GROWTH.Q3 OPERATING PROFIT (EBIT) BEFORE ITEMS AFFECTING COMPARABILITY WAS SEK 619 M (702), REPRESENTING A MARGIN OF 13.5% (15.6%).MARKET CONDITIONS IN QUARTER REMAINED SIMILAR TO WHAT WE HAVE SEEN THROUGHOUT 2019.DESPITE A CHALLENGING GLOBAL TRADING ENVIRONMENT IMPACTING US IN QUARTER, WE ARE PLEASED WITH OUR UNDERLYING PERFORMANCE DELIVERING NET SALES GROWTH OF 2 PERCENT, CONTINUED HIGH OPERATING PROFIT AND A STRONG CASH FLOW.DUE TO CONTINUED CHALLENGING MARKET CONDITIONS IN AMERICAS AND ADDITIONAL IMPACT OF US TARIFFS, NEW FULL YEAR 2019 OUTLOOK IS NEGATIVE ORGANIC GROWTH, AN EBIT MARGIN AROUND 13.5 PERCENT.LEVERAGE EXCLUDING ACQUISITIONS IS EXPECTED TO BE AROUND 2.4X BY END OF 2019.

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.

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

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