Dometic Sees a 33 Percent Increase in Net Sales
Dometic recently reported its second quarter 2018 results showing total net sales of SEK $5.2 billion, an increase of 33 percent, of which 9 percent organic, 3 percent currency translation and 21 percent M&A.
“I am pleased to conclude a second quarter where we performed well in capturing underlying market growth and improved EBIT margin in all regions,” said Juan Vargues, president and CEO. “Total sales grew 33 percent of which 9 percent was organic, mainly driven by continued strong sales for RV and good development for CPV and aftermarket. The EBIT margin improved by 1 percentage point, despite headwinds from raw material prices.”
Operating cash flow increased by 65 percent compared with the same quarter last year.
Total sales were close to SEK $10 billion.
“Pricing initiatives have been successfully implemented, the EMEA region has done well in executing the profitability program activities and SeaStar has delivered according to expectations,” said Vargues.”