Dometic has amended the agreement with its bank group
Dometic has amended the agreement with its bank group. According to Dometic’s current assessment, this amended financing agreement creates the necessary flexibility and covenant headroom for the coming four quarters.
“Given the current uncertainties, we have proactively negotiated an amended financing agreement with our bank group. I am pleased with the cooperation with our banks and believe we have found a solid solution reflecting the current situation significantly impacted by the Covid-19 pandemic. We remain fully focused on managing our cash flow and maintaining a solid financial position going forward” says Stefan Fristedt, CFO of Dometic.
This information is information that Dometic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on April 24, 2020.
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Phone: +46 8 501 025 46
Dometic is a global market leader in branded solutions for mobile living in the areas of Food & Beverage, Climate, Power & Control and Other Applications. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, pleasure and workboats, trucks and premium cars and for a variety of other uses. Our motivation is to create smart and reliable products with outstanding design. We sell our products in approximately 100 countries and we have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 7,200 people worldwide, had net sales of approximately SEK 18.5 billion in 2019 and is headquartered in Stockholm, Sweden.