- Net sales for the quarter totaled SEK 1 825 million (SEK 2 030 million). In constant currency terms net sales decreased by 6 percent
- EBIT before items affecting comparability amounted to SEK 239 million (SEK 278 million)
- Cash flow from operating activities before one-off items SEK -204 million (SEK 50 million)
“Dometic Group delivered satisfactory results although sales were lower than last year. The continued uncertainty in our markets affected net sales but to a lesser extent our gross profit and operating results.
The cold and long winter in several parts of our markets have had a negative effect on our sales development during the latter part of the quarter.
The implementation of the different cost reduction initiatives announced during 2012 is well underway. This is evident by the positive improvement in gross margins.
The cash flow from operating activities was affected by a build-up in inventories but we have measures in place to address this,” says Dometic Group’s President and CEO, Roger Johansson.
“During the quarter we have implemented the new regionally focused organization as well as carved out all product management and development into one stand-alone function. This set-up will be a great enabler for executing on our strategy and generate products that will drive customer enthusiasm and keep us ahead of competition.”