Dometic, marine, motorboat, place, ocean, blue, sky, city, boat, fast
Financial Reports 2012

Interim Report - Third Quarter 2012

“Demand cooling off – cost rationalization initiated”
  • Net sales totaled SEK 1 905 million (SEK1 965 million). In constant currency terms netsales were flat
  • EBIT before items affecting comparabilityamounted to SEK 228 million (SEK 280million which translates to a margin of 12.0%
  • Cash flow from operating activities after oneoffitems SEK 159 million (SEK 138 million)
  • Roger Johansson will start as President and CEO on November 8, 2012

CEO’s comment
“Dometic Group’s reported sales for the quarter was down 3 percent compared with the same quarter in 2011. In constant currency net sales were unchanged. Conditions in Dometic Group’s markets have become challenging, especially towards the end of the quarter. Demand for products and services have been softer than anticipated and we start to see signs of growth in Germany slowing down. North America remains strong but outlook is less certain.

As a result, Dometic Group has initiated a cost reduction program which will be executed during the fourth quarter.” says Dometic Group’s acting President and CEO Magnus Yngen.

“The Group generated EBIT before items affecting comparability of SEK 228 million, a reported decrease of 19 percent and a 16 percent drop in constant currency. The main reason is unfavorable mix development and currency impacts during the quarter.”

“Operational cash flow was satisfactory and generated SEK 159 million for the three months ended September, 30 2012”.

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