“After eight consecutive quarters of decline in EBIT, we are pleased to see a year over year improvement in our results. However, the European markets remain uncertain, especially the Recreational Vehicles (“RV”) sector which is heading for an all-time low in 2013. Dometic Group grew in the quarter. North America’s momentum remains, Asia-Pacific continues to show solid growth and also Europe generated modest sales increase.
Aftermarket showed good growth in the third quarter, partly supported by warm weather.
EBIT increased in the quarter, primarily due to an upturn in volumes and continued impact from our cost savings. Cash flow from operating activities was stronger in the quarter compared to the same quarter last year mainly due to favorable developments in working capital.
We continue to focus on innovation with new product introductions in Marine, RV and Commercial and Passenger Vehicles (“CPV”) during the quarter,” says Dometic Group’s President and CEO, Roger Johansson.