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Dometic Group AB (publ) (DOMETIC.ST)

DOMETIC.ST on Stockholm Stock Exchange

79.10SEK
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Dometic Q2 EBIT ex-items rises to SEK 650 mln
Tuesday, 18 Jul 2017 02:00am EDT 

July 18(Reuters) - DOMETIC GROUP AB (PUBL) ::NET SALES FOR THE SECOND QUARTER TOTALED 3.95 BILLION SWEDISH CROWNS AN INCREASE OF 14 PCT FROM 3.46 BILLION CROWNS IN Q2 2016.OPERATING PROFIT (EBIT) BEFORE ITEMS AFFECTING COMPARABILITY AMOUNTED TO 650 MILLION CROWNS (584 MILLION CROWNS YEAR AGO)."THE OUTLOOK FOR OUR BUSINESSES REMAINS UNCHANGED"-CEO.  Full Article

Dometic CEO to leave his assignment​
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - DOMETIC GROUP AB (PUBL) :‍ROGER JOHANSSON, CEO AND PRESIDENT OF DOMETIC, HAS IN JOINT UNDERSTANDING WITH BOARD OF DIRECTORS DECIDED TO LEAVE HIS ASSIGNMENT​.‍ROGER JOHANSSON WILL CONTINUE AS CEO UNTIL YEAR-END, WHEN JUAN VARGUES TAKE OFFICE AS CEO​.  Full Article

Dometic Group to divest an industrial property in Shenzhen
Thursday, 13 Jul 2017 09:00am EDT 

July 13 (Reuters) - DOMETIC GROUP AB (PUBL) ::HAS SIGNED AN AGREEMENT TO DIVEST AN INDUSTRIAL PROPERTY IN SHENZHEN.‍SELLING PRICE AMOUNTS TO CNY 160 MILLION (APPROXIMATELY SEK 205 MILLION)​.EXPECTED NET GAIN WILL AMOUNT TO CNY 80-100 MILLION, AND FULL AMOUNT WILL BE RECOGNIZED IN RESULT IN Q3 2017.‍70 PER CENT OF CASH FLOW IMPACT WILL MATERIALIZE DURING 2017 AND REMAINING 30 PER CENT DURING FIRST HALF OF 2018​.  Full Article

Dometic Group Q1 net sales rise to SEK 3.44 bln
Monday, 24 Apr 2017 02:00am EDT 

April 24 (Reuters) - DOMETIC GROUP AB (PUBL) ::Q1 NET SALES SEK 3.44 BILLION VERSUS SEK 3.00 BILLION YEAR AGO.OUTLOOK FOR YEAR REMAINS UNCHANGED.Q1 EBIT SEK 418 MILLION VERSUS SEK 400 MILLION YEAR AGO.  Full Article

Dometic EBIT ex-items up at SEK 210 million
Thursday, 9 Feb 2017 02:00am EST 

Dometic Group AB (publ) : Q4 net sales 2.79 billion Swedish crowns ($315 million)versus 2.52 billion crowns year ago . Q4 EBIT ex-items 210 million crowns versus 200 million crowns year ago .Proposes dividend of 1.85 crown per share for 2016.  Full Article

Swedbank Robur Fonder increases stake in Dometic Group to 7.6 pct
Wednesday, 23 Nov 2016 04:41am EST 

Finansinspektionen:Says Swedbank Robur Fonder AB has on Nov. 22 increased its stake in Dometic Group AB (publ) from 14.2 million shares to 22.3 million shares, corresponding to 7.55 percent of Dometic share capital.  Full Article

EQT sell entire holding in Dometic Group
Tuesday, 22 Nov 2016 10:30am EST 

Finansinspektionen: Says EQT V Limited has on Nov. 21 sold shares in Dometic Group AB .EQT reduced its stake from above 5 pct to 0.  Full Article

Frostbite launches accelerated bookbuilt offer for 20 pct of Dometic
Tuesday, 30 Aug 2016 12:05pm EDT 

Carnegie investment bank ab says Frostbite announces launch of an accelerated bookbuilt offering of up to 59,166,667 existing shares in dometic group : Carnegie investment bank says offer equivalent to up to 20% of share capital and voting rights in company . The bookbuilding will commence immediately and it is anticipated that books will close before market opens on 31 August 2016 . Carnegie Investment Bank AB (publ), SEB Corporate Finance, Skandinaviska Enskilda Banken AB and Jefferies International Limited are acting as Joint Bookrunners in the Transaction. (Reporting By Johan Ahlander) ((johan.ahlander@thomsonreuters.com;)).  Full Article