REPORT ON THE SECOND QUARTER 2016
Q2: Strong organic growth and margin expansion in all regions
- Net sales for the second quarter totaled SEK 3,461 million (3,202), an increase of 8%, of which 9% was organic growth.
- Operating profit (EBIT) before items affecting comparability amounted to SEK 584 million (484), representing a margin of 16.9% (15.1%).
- Operating profit (EBIT) amounted to SEK 573 million (463).
- Cash flow for the period totaled SEK 309 million (-550). Operating cash flow totaled SEK 511 million (342).
- Profit for the second quarter was SEK 453 million (198).
- Earnings per share: SEK 1.53.
CEO, ROGER JOHANSSON COMMENTS
9% ORGANIC GROWTH AND MARGIN EXPANSION IN ALL REGIONS
“We are pleased to deliver sales growth in 7 out of 8 businesses for the second quarter, which is seasonally the strongest quarter of the year. Organic growth amounted to 9% and the EBIT margin before i.a.c. improved to 16.9% (15.1%). We are seeing healthy underlying development in all our regions. Cash flow was robust, with debt leverage now at 2.1x compared to 2.7x following the IPO in November last year.
The global outlook for the RV markets remains positive, with Europe showing particularly strong momentum and the US continuing its steady development.
All in all, in light of the current performance and conditions in our markets, we remain confident for the rest of 2016.”
PRESENTATION OF THE INTERIM REPORT
Analysts and media are invited to participate in a telephone conference on July 15, 2016, at 10.00 (CEST), during which President and CEO, Roger Johansson and CFO, Per-Arne Blomquist, will present the report and answer questions. To participate in the webcast/telephone conference, please dial in five minutes prior to the start of the conference call:
Sweden: + 46 8 566 42 666
UK: + 44 203 008 98 17
US: + 1 855 831 59 48
The interim report, webcast url and results presentation can be found at www.dometicgroup.com.
FOR FURTHER INFORMATION, PLEASE CONTACT
Erika Ståhl, Head of Business Control & Investor Relations
Phone: +46 8 501 025 24
This information is information that Dometic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 CET on July 15, 2016.
ABOUT DOMETIC GROUP
Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. 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. Dometic offer products and solutions that enrich people’s experiences away from home, whether in a motorhome, caravan, boat or a truck. Our motivation is to create smart and reliable products with outstanding design. We operate 22 manufacturing/assembly sites in nine countries, sell our products in approximately 100 countries and manufacture approximately 85% of products sold in-house. We have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 6,500 people worldwide, had net sales of SEK 11.5 billion in 2015 and is headquartered in Solna, Sweden.