· Net sales for the quarter were
· Operating profit before depreciation and amortization (EBITDA) for the quarter was
· Operating profit (EBIT) before items affecting comparability for the quarter was
· Items affecting comparability for the quarter were
· Operating profit (EBIT) for the quarter was
· Cash flow for the quarter was
· Profit for the quarter was
· Earnings per share for the quarter were
· The Board of Directors propose a dividend of
CEO COMMENT
"2019 was an important year for Dometic. It was a year in which we clearly embarked on the journey of transforming as a company, started to execute on many strategic initiatives across the entire organization and raised our ambitions by establishing new financial targets.
Our strategy is the foundation for actions taken during the year. Despite a challenging trading environment in areas of our business and US trade tariffs, we have managed to deliver 1 percent net sales growth for the full year. We also demonstrated a strong ability to react immediately to changing market conditions by taking actions leading to continued high profitability and the best operating cash flow in the history of Dometic. At the same time, we have increased our investments in innovation, in building the commercial organization for the new growth areas and in IT to become even more competitive in the years to come. We achieved our ambitious targets relating to the innovation index and SKU reduction for the year.
Since the announcement of the global restructuring program in connection with the report for the third quarter 2019, we have shifted two more production lines from
As we enter 2020, we will continue to drive improvements in all areas in line with our strategy. We will continue to invest in new growth opportunities and innovation, while persisting with our efforts to reduce complexity, execute on the global restructuring program and improve efficiency every day in 2020. The many actions across the entire organization will demand full attention in order to secure successful and timely execution.
Short-term outlook: The near-term demand for Dometic's products is expected to remain challenging.
PRESENTATION OF THE REPORT
Analysts and media are invited to participate in a telephone conference at 10.00 (CET)
US: +1 646 722 49 57
Webcast URL and presentation are available at www.dometic.com.
This information is information that
FOR FURTHER INFORMATION, PLEASE CONTACT
Phone: +46 8 501 025 46, Email: ir@dometic.com
ABOUT DOMETIC
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
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