Dometic Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 15, 2022 at 02:00 am EDT
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Dometic Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SEK 8,498 million compared to SEK 5,571 million a year ago. Net income was SEK 827 million compared to SEK 560 million a year ago. Basic earnings per share from continuing operations was SEK 2.59 compared to SEK 1.85 a year ago.
For the six months, sales was SEK 16,016 million compared to SEK 10,428 million a year ago. Net income was SEK 1,321 million compared to SEK 1,050 million a year ago. Basic earnings per share from continuing operations was SEK 4.13 compared to SEK 3.5 a year ago.
Dometic Group AB publ is a Sweden-based company that manufactures and supplies mobile leisure products for recreational vehicles, such as motorhomes and caravans, and marine, commercial and passenger vehicles. Its products include awnings, air conditioners, refrigerators, ovens, stoves, windows, lights, doors, sanitation systems, generators, sinks, cooktops, portable fridges and freezers, holding tanks, ovens, sinks, cool boxes, dishwashers, grills, inverters, safes, vacuum cleaners, generators, battery charging systems, wine coolers, and minibars, among others. Its products are sold through multiple distribution channels in around 100 countries under the brands: Dometic, WAECO, Marine Air, Cruisair, Condaria, SeaLand and Mobicool. The Company operates production facilities in Asia, Europe and the United States