“Dometic Group experienced a stable sales development during the last quarter, satisfactory on the back of a strong Q1 2011, up 17 percent compared to Q1 2010. The markets were strong in the Americas and more moderate in Europe, with Northern Europe performing better than Southern Europe. Asia-Pacific saw a flat development, Australia decreasing and the rest of Asia-Pacific growing compared with the first quarter 2011.” says Dometic Group’s acting President and CEO Magnus Yngen.
“The Group generated EBIT before items affecting comparability of SEK 277 million, a decrease of 5 percent in constant currency, attributable to a change in mix as growth in the Americas was offset against a decrease in Europe which traditionally generates a higher contribution margin.”
“Operational cash flow marked a vastly improved performance mainly due to a higher ingoing core working capital level in the quarter compared with Q1 2011 and subsequent reduction of inventories during the quarter. In the three months ended March 31, 2012 net debt decreased by 1 percent as a result of currency translation difference.”