31/10/2023

31 October 2023
31 October 2023, Comments Comments Off on Dometic Q3 results show second best quarterly operating cashflow
Dometic Q3 results show second best quarterly operating cashflow

Dometic has published its financial results for the third quarter of 2023 showing net sales of SEK 6,830 m (7,576); a decrease of -10%, of which -12% was organic growth. Profit for the quarter was SEK 412 m (436).

Operating profit (EBITA1)) before items affecting comparability was SEK 973 m (1,057), corresponding to a margin of 14.3% (14.0%). Items affecting comparability were SEK -33 m (-326).

Operating profit (EBITA1)) was SEK 940 m (731), corresponding to a margin of 13.8% (9.6%). Operating profit (EBIT) was SEK 788 m (575), corresponding to a margin of 11.5% (7.6%).

President and CEO, Juan Vargues, said: “We are pleased to announce the third-quarter results with an improved EBITA margin of 14.3 percent and our second-best quarterly operating cash flow ever of SEK 2.1 billion, despite the challenging macroeconomic situation and market conditions.

Long-term trends in the Mobile Living industry are strong; however, it remains difficult to predict how the current macroeconomic situation and market conditions will impact the business in the short term.

While we will continue to be impacted by normal sales seasonality, the results in the last quarters show that we are transforming Dometic into a more diversified, effective, and resilient consumer-oriented company. We will continue to relentlessly drive our strategic agenda to deliver on our targets, prioritize margins before volumes, and at the same time remain agile to quickly respond to short-term market trends.”

The full report & presentation can be found here: https://brnw.ch/21wDSSe