To facilitate year-on-year comparisons, Dometic today discloses the restated financials for 2019 and 2020 full year and by quarter. The restated financials include the following changes:
New segment structure
Aligned with the organizational change announced in February 2020 and implemented from 2021, Dometic will start to report financials according to new segments starting from the first quarter of 2021. This structure is replacing the previous region structure. The new segments are Americas, APAC, EMEA and Global. Disclosures per segment include Net sales, EBIT and Items affecting comparability.
From two to three sales channels
Group net sales is divided into three sales channels compared to two channels before. The new channels are OEM, Distribution, and Service and aftermarket.
Changed reporting between lines in Income Statement
Logistic costs is reclassified from Sales expenses to Cost of Goods sold. Product development costs is reclassified from Cost of Goods sold to Research and development expenses.
The reclassifications have no impact on Operating profit.
Find the complete tables of Restated Financials at www.dometic.com/en/se/about-us/investors
CONFERENCE CALL FOR ANALYSTS AND INVESTORS
A conference call where CFO Stefan Fristedt will comment on the restated financials and take questions will begin at 11:00 CET on March 16. To join the conference call:
Sweden: +46 8 505 583 75 UK: +44 3333 009 262 US: + 1 646 722 4957
FOR FURTHER INFORMATION, PLEASE CONTACT: Rikard Tunedal, Head of Investor Relations
Phone: +46 73 056 97 35
Dometic is a global market leader in branded solutions for mobile living in the areas of Food & Beverage, Climate, Power & Control and Other Applications. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, pleasure and workboats, trucks and premium cars and for a variety of other uses. Our motivation is to create smart and reliable products with outstanding design. We sell our products in approximately 100 countries and we have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 6,500 people worldwide, had net sales of approximately SEK 16.2 billion in 2020 and is headquartered in Stockholm, Sweden.