- Net sales for the quarter totaled SEK 2 271 million (SEK 2 361 million). In constant currency terms net sales increased by 1 percent.
- EBIT before items affecting comparability amounted to SEK 343 million (SEK 378 million).
- Cash flow from operating activities beforeone-off items SEK 303 million (SEK 334 million).
- Dometic Group has renegotiated terms withits senior lenders and EQT V will make an additional investment of up to SEK 400 million.
“Dometic Group achieved satisfactory net salesdevelopment in the quarter. North Americacontinues to show strength and Asia-Pacificgenerated good growth whilst the Europeanmarkets weakened.
The late spring in the northern hemisphere affected our sales in the first quarter but some of this was recovered during the second quarter. We have continued to drive sales with new products in Retail and our Aftermarket business. EBIT before items affecting comparability is down in the quarter primarily due to inefficiencies in Operations and an unfavorable currency development. Cash flow from operating activities was reasonable but we still have work to do in this area,” says Dometic Group’s President and CEO, Roger Johansson.
“We have launched cost reduction initiatives in Operations to address productivity gaps and drive further manufacturing consolidation. The program will run into 2014 and mainly affect Europe and Asia. The cost related to this program is SEK 35 million and will generate a saving of SEK 50 million on a yearly basis.”