- Net sales for the quarter totaled SEK 2,450 million (SEK 2,271 million), representing an 8 percent increase
- EBIT before items affecting comparability amounted to SEK 343 million (SEK 343 million)
- Cash flow from operating activities totaled SEK 287 million (SEK 284 million)
“It is encouraging to see continued top line growth as Net Sales for the Group increased by 8% in the second quarter. Margins, however, were negatively affected by price and mix.
The US RV (recreational vehicles) market continued to show growth in the second quarter too, albeit at slightly slower pace than in the first quarter. In Europe, we are starting to see stabilization in several key markets.
We are satisfied with our operating cash flow for the quarter, which was on par with last year. Year to date cash flow is well above last year
We can conclude that our inventory initiatives are starting to show results as our inventory has come down compared to the same period last year.
In the quarter, we closed the re-negotiation of our senior bank loans and the re-financing of our PIK note at a lower interest rate, which puts us in a better financial position going forward.” says Dometic Group’s President and CEO, Roger Johansson.