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Dometic Group AB (publ) (DOMETIC.ST)

DOMETIC.ST on Stockholm Stock Exchange

88.36SEK
19 Jul 2019
Change (% chg)

2.88kr (+3.37%)
Prev Close
85.48kr
Open
86.02kr
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89.30kr
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85.80kr
Volume
1,902,840
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1,141,811
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96.34kr
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52.45kr

Latest Key Developments (Source: Significant Developments)

Dometic Group Q2 EBITDA Up At SEK 1.1 Bln
Wednesday, 17 Jul 2019 02:00am EDT 

July 17 (Reuters) - Dometic Group AB (publ) ::REPORT ON THE SECOND QUARTER 2019.Q2 NET SALES FOR QUARTER WERE SEK 5,329 M (5,260); AN INCREASE OF 1%, OF WHICH -7% WAS ORGANIC GROWTH..Q2 OPERATING PROFIT BEFORE DEPRECIATION AND AMORTIZATION (EBITDA) FOR QUARTER WAS SEK 1,100 M (1,048), REPRESENTING A MARGIN OF 20.6% (19.9%).Q2 OPERATING PROFIT (EBIT) FOR QUARTER WAS SEK 900 M (919), REPRESENTING A MARGIN OF 16.9% (17.5%)..FIRST HALF OF 2019 WAS VERY MUCH CHARACTERIZED BY A CONTINUED FOCUS ON EFFICIENCY IMPROVEMENTS AND BUILDING A FOUNDATION FOR AN EVEN MORE DIVERSIFIED AND STRONGER DOMETIC.RESTRUCTURING PROGRAM LAUNCHED IN Q4 2018 IS PROCEEDING WELL, WITH GOOD PROGRESS IN ALL REGIONS.WE ARE WELL ON TRACK IN EXPANDING OUR PRESENCE IN MEXICO, AND NEW SITE IS EXPECTED TO BE FINALIZED IN Q3.DESPITE CHALLENGING RV MARKETS AND NEGATIVE IMPACT FROM ADDITIONAL US TARIFFS, WE HAVE MANAGED TO KEEP IMPROVING OUR COST STRUCTURES AND IMPLEMENT PROCESSES AND BEST PRACTICES ACROSS OUR GLOBAL ORGANIZATION, WHILE INVESTING IN NEW OPPORTUNITIES.SKU REDUCTION IS PROGRESSING AT A GOOD PACE AND WE REMAIN CONFIDENT IN TERMS OF OUR AMBITION TO ACHIEVE A 30 PERCENT REDUCTION BY END OF YEAR.SHORT TERM, WE EXPECT ORGANIC GROWTH TO BE SLIGHTLY POSITIVE DURING SECOND HALF OF YEAR COMPARED TO SAME PERIOD LAST YEAR.FULL YEAR 2019 OUTLOOK IS REVISED TO NEGATIVE ORGANIC GROWTH AND AN EBIT MARGIN ABOVE 14 PERCENT.  Full Article

Dometic Appoints New Chief Financial Officer
Tuesday, 11 Jun 2019 02:00am EDT 

Dometic Group AB (publ) ::DOMETIC APPOINTS NEW CHIEF FINANCIAL OFFICER.APPOINTED STEFAN FRISTEDT AS NEW CHIEF FINANCIAL OFFICE.STEFAN FRISTEDT WILL JOIN DOMETIC ON OCTOBER 1 AND WILL IN HIS NEW POSITION BE PART OF DOMETIC'S GROUP MANAGEMENT.  Full Article

Dometic CEO sees continued inventory adjustments in North America RV market
Friday, 8 Feb 2019 02:50am EST 

Feb 8 (Reuters) - Dometic Group AB (publ) CEO Juan Vargues in interview with Reuters::DOMETIC CEO SAYS AFTERMARKET GROWING REALLY WELL, MARINE LOOKS VERY POSITIVE.DOMETIC CEO SAYS EXPECTS CONTINUED INVENTORY ADJUSTMENTS IN NORTH AMERICA RV OEM MARKET FOR ANOTHER 1-2 QUARTERS.DOMETIC CEO SAYS EXPECTS WEAKER H1 FOLLOWED BY STRONGER H2 IN NORTH AMERICA RV OEM MARKET.  Full Article

Dometic Group Acquires Kampa
Monday, 3 Dec 2018 12:00pm EST 

Dec 4 (Reuters) - Dometic Group AB ::SAID ON MONDAY ACQUIRES KAMPA, A FAST-GROWING PRODUCT INNOVATOR IN RETAIL AND AFTERMARKET.CASH PURCHASE PRICE OF GBP 50 MILLION ON A DEBT AND CASH FREE BASIS EXCLUDING POTENTIAL EARN-OUT ELEMENT, FULLY FINANCED VIA CASH.SIMULTANEOUS SIGNING AND CLOSING ON DECEMBER 3, 2018.SYNERGIES ARE EXPECTED TO BE LIMITED.DOMETIC INTENDS TO MAINTAIN ITS DIVIDEND POLICY TO DISTRIBUTE AT LEAST 40 PER CENT OF NET PROFIT.TRANSACTION IS IMMEDIATELY ACCRETIVE TO DOMETIC’S OPERATING MARGIN AND EPS.  Full Article

Dometic Group Issues EUR 300 Million Bond
Friday, 7 Sep 2018 02:29am EDT 

Sept 7 (Reuters) - Dometic Group AB ::SAID ON THURSDAY HAD ISSUED EUR 300 MILLION ON THE EUROPEAN BOND MARKET.BOND WAS ISSUED WITH FIVE-YEAR MATURITY AT FIXED RATE OF 3.00 PERCENT.ISSUE WAS THE FIRST TRANCHE IN CO'S NEWLY ESTABLISHED EURO MEDIUM TERM NOTE (EMTN) PROGRAM TOTALLING EUR 1.5 BILLION.  Full Article

Dometic Group Q2 Operating Profit Up At SEK 919 Mln
Wednesday, 18 Jul 2018 02:00am EDT 

July 18 (Reuters) - DOMETIC GROUP AB (PUBL) ::Q2 NET SALES FOR QUARTER TOTALED SEK 5,260 M (3,949).Q2 OPERATING PROFIT (EBIT) AMOUNTED TO SEK 919 M (650)."LEVERAGE WAS AT 3.4X AT END OF QUARTER NEGATIVELY AFFECTED BY CURRENCIES" - CEO.  Full Article

Dometic Group CEO Buys Shares In Company
Wednesday, 3 Jan 2018 02:00am EST 

Jan 3 (Reuters) - Dometic Group Ab (Publ) ::SHARE PURCHASE TRANSACTION BY DOMETIC CEO.CEO PURCHASE A TOTAL OF 240,183 SHARES IN COMPANY AT AN AVERAGE PRICE OF SEK 83.43.  Full Article

Dometic boosts marine business with $875 mln acquisition of SeaStar
Wednesday, 22 Nov 2017 02:00am EST 

Nov 22 (Reuters) - Dometic Group AB (Publ) :Dometic acquires SeaStar Solutions, a leading North American-based supplier to the leisure marine industry, from affiliates of American Securities LLC.Says acquisition strengthens and expands Dometic's position as a global supplier to the marine industry through new product areas, and a broader distribution network and market presence.Says ‍cash purchase price of USD 875 million, fully financed via cash and committed bank facilities​.Says ‍sees sales and cost synergies of USD 20 million per annum, fully realized within 3 years​.Says ‍closing expected in Q4 2017, subject to customary conditions and regulatory approval​.Says SeaStar ‍is expected to report sales of USD 320 million and EBITDA of USD 85 million in 2017.SeaStar Solutions is based in North America, operates 8 facilities and employs approximately 1,250 people​.Says ‍Dometic intends to maintain its dividend policy of at least 40 per cent of net profit​.  Full Article

Dometic Q3 EBIT ex-items rises to SEK 482 million ​
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - DOMETIC GROUP AB (PUBL) :Q3 ‍OPERATING PROFIT (EBIT) BEFORE ITEMS AFFECTING COMPARABILITY AMOUNTED TO SEK 482 MILLION (426)​.Q3 ‍NET SALES FOR QUARTER TOTALED SEK 3,399 MILLION (3,142); AN INCREASE OF 8%, OF WHICH 11% WAS ORGANIC GROWTH​.SAYS ‍WE REMAIN COMMITTED TO OUR FINANCIAL TARGETS AND OUTLOOK FOR OUR BUSINESSES REMAINS UNCHANGED​.  Full Article

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Downbeat Swedish earnings, oil slide hurt European shares

European stock markets lost ground on Wednesday after three straight days of gains, with Swedish share prices hit by a slew of poor quarterly results and oil majors across the region reeling from this week's slide in oil prices. | Video