Interim Report - Fourth Quarter 2014

Top line growth and cash flow improvement.
  • Net sales for the quarter totalled SEK 2,207 million (SEK 1,751 million), a 26 percent increase. Excluding Atwood, net sales were up 13 percent.
  • EBIT before items affecting comparability rose to SEK 163 million (SEK 129 million). Excluding Atwood, EBIT was SEK 147 million.
  • Cash flow from operating activities totalled SEK 337 million (SEK 258 million).
“Q4 2014 was eventful, with the integration of Atwood into the Group. We also faced some operational challenges with the fire in our Filakovo plant.

The underlying business continues to show same trends as before, with good demand for our products globally, but also margin pressure in certain geographical areas. Our growth plan in Asia continues to deliver according to plan, but margins are suffering from changes in the country mix.

Our Medical division had another strong quarter, based on strong demand for our new products, mainly in Africa and Asia.

Looking at the year as a whole, the RV markets continued to show strength in the US and Australia, and encouraging signals in Europe.

We are pleased to see continued organic growth in all our Regions of the world. With the potentials of synergies that we see through the integration of Atwood, other efficiency measures and our product pipeline I am optimistic about 2015.”, says Dometic Group’s President and CEO, Roger Johansson.