Sweden-based Dometic has released its 2021 Sustainability Report, and included in the highlights are:
In 2021, Dometic achieved a new milestone upon passing SEK 20 billion ($2.12 billion), in annual net sales.Net sales increased by 33 percent compared to the previous year.
The company said its strategy for profitable expansion is built on a combination of organic and acquisitive growth and in 2021, it announced nine acquisitions. The acquisitions, all focusing on distribution and service and aftermarket sales channels, will help transform Dometic into a more consumer-oriented company with more recurring sales and higher margins, the company said.
Strategy implementation continued at a high pace to build a stronger company for the long term. After 2020, a year heavily impacted by the spread of COVID-19, market demand for Dometic’s products and solutions recovered in 2021, driven by a strong end-user appetite for staycations and outdoor activities. Supply chain and price management have been key activities in a market where component shortages, increased raw material prices, and transport lead times and costs increased. Working capital and operating cash flow was impacted by the strong market demand and longer than normal supply lead-times.
Significant improvements were achieved in the area of sustainability. CO2 emissions in relation to net sales declined by 25 percent, supported by a continued transition to renewable indirect energy.
To view the full sustainability report in PDF form, click here.