Supplier Dometic released its 2015 annual report Wednesday (March 30), outlining the state of the company and its strategy for the upcoming year.
For 2015, the company reported it achieved organic sales growth across all markets, with the 2014 acquisition of Atwood and Prostor contributing to an increased top line. The company said it would maintain a similar strategy of growth for the upcoming year, both in North America and its international markets.
“Especially strong development in EMEA, mainly driven by the recovering RV market combined with favorable market conditions drove good sales for many of our products,” the report read.
“The Americas region showed good growth in all business areas. Operating cash flow improved compared to last year, mainly due to the strong earnings improvement.”
The company reported its strategy for growth would continue in the upcoming year, specifically referencing the 2014 acquisition of Atwood and awning maker Prostor.
“Our strategy stays firm and in 2015 we continued to make progress according to our plan for growth and profit improvement,” according to the report. “… In North America we are now truly one organization, working in a common ERP system and anticipated synergies have been realized according to plans. …
“The strong momentum during the year in our aftermarket business is the result of several efforts starting to come through. Growth initiatives in all three regions fueled by nice hot summer seasons led to solid growth and margin improvements in our different Aftermarket businesses, which remain our biggest areas of opportunity for organic, profitable growth.
“Outlook of the coming year we have set our financial targets as outlined below and we have a roadmap of initiatives to continue to implement our strategy. In light of this and the current conditions of our markets, we remain confident for 2016.
The Group’s medium- to long-term financial targets Dometic Group’s Board of Directors has 2015 adopted the following medium- to long-term financial targets over the cycle:”
Click here for the full report.