Weakened market conditions impact Dometic’s financial performance in the third quarter
The current macroeconomic situation and market conditions, including high interest rates, lower consumer spend and customer purchasing patterns, are having a negative impact on Group net sales. As a result, Group organic net sales for the third quarter are expected to decline by approximately 15% compared to the same period previous year, with an EBITA margin before items affecting comparability in the range of 8-9%. Supported by a continued robust operating cash flow, we expect the net debt to EBITDA leverage ratio to be approximately 3.1x, compared to 2.9x at the end of the second quarter