Profit improvement and strong cash flow for Dometic Group in Q3
by Dometic Group on 19 Nov 2014
Dometic Group Management 2013 Dometic Group
Net sales for the Dometic Group’s third-quarter totalled SEK 2,147 million (SEK 1,961 million), representing a nine percent increase.
• EBIT before items affecting comparability amounted to SEK 257 million (SEK 241 million).
• Cash flow from operating activities of SEK 416 million (SEK 308 million).
'It is encouraging to see top line growth together with a slight recovery in gross margins compared to the first half of the year, despite continued price pressure. We are maintaining our efforts to improve working capital and cash flow was strong in the quarter.
In Europe, the RV (recreational vehicles) markets appear to be stabilizing, despite continued weakness in Southern Europe. The US RV market growth continues, but at lower rate than in earlier quarters.
As previously announced, we acquired Atwood Mobile Products LLC during the quarter, and the transaction was closed on October 17. This acquisition fits very well with our strategy and strengthens our position especially in the North American market.
After the quarter close, we announced two key leadership changes that are intended to strengthen our capability to deliver on our profitable growth plan,' says Dometic Group’s President and CEO, Roger Johansson.
If you want to link to this article then please use this URL: www.sail-world.com/129115
