Moody's Investors Service, ("Moody's") today announces that Dometic Group’s (Dometic) corporate family rating is upgraded to Ba2 from Ba3. The outlook was changed to stable from positive.
The rating reflects the company’s strong operational track record, high cash conversion rates, an expanding number of addressed markets and attractive leisure and recreational spending trends globally supporting long term volume growth.
FOR FURTHER INFORMATION, PLEASE CONTACT
Johan Lundin, Head of Investor Relations & Communications
Phone: +46 8 501 025 46
Mattias Edström, Head of Treasury
Phone: +46 8 501 025 42
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, trucks and premium cars, pleasure and workboats, 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 8,00 people worldwide, had net sales of SEK 18.0 billion in 2018 and is headquartered in Stockholm, Sweden.