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Dometic Group Earnings Climb in Q3

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Dometic Group reported 8 percent organic growth and margin improvements in its latest quarterly financial data.

“The third quarter showed overall solid performance,” CEO Roger Johansson said in the report. “It is encouraging to see that our aftermarket business is performing particularly well, and that the Marine business is showing strong development.”

The company reported net sales for the third quarter totaled $2.88 billion, increase of 9 percent, of which 8% was organic growth, according to the report.

Operating profit  before items affecting comparability amounted to $362 million, representing a margin of 12.6 percent.

Cash flow for the period totaled 64 million. Operating cash flow totaled 388 million.

Profit for the third quarter was $112 million.

“The global outlook for the RV markets remains positive, with Europe continuing to show particularly strong growth,” Johansson said. “We remain confident for the rest of 2016 and expect the positive dynamics in our main markets to continue into 2017.”

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