Dometic announced that the company’s 2023 Annual and Sustainability Report is now published and available.
“2023 was characterized by a market impacted by geopolitical and macroeconomic uncertainty. In addition, high retail-inventory levels and interest rates led to significantly lower demand. In this challenging market environment, we continued to demonstrate that we have become a more resilient, fast-moving and effective company,” said Juan Vargues, president and CEO, in a letter to investors.
The Sweden-based global company reports its earnings in Krona.
Report Highlights:
- Net sales SEK 27,775 m (29,764).
- Operating profit (EBITA1) of SEK 3,463 m (3,931) corresponding to a margin of 12.5% (13.2).
- Profit for the year of SEK 1,332 m (1,784).
- Earnings per share of SEK 4.17 (5.58).
- Operating cash flow of SEK 5,205 m (2,268).
- Net debt to EBITDA leverage ratio was 2.7x (3.0x).
- Share of sales in Distribution and Service & Aftermarket reached 57 percent (56).
- Product innovation index was 17% (17).
- The global restructuring programs announced in 2019 and 2022 were successfully completed.
- The CO2 emissions (Scope 1 and 2) in relation to net sales decreased by 46% compared to baseline year 2020.
The 2023 Remuneration report is also published and available at the Dometic site for Corporate governance.