· Net sales for the quarter were 3,329 m (5,329); a decrease of -38%, of which -38% was organic growth.
· 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
CEO COMMENT
"The second quarter was extraordinary in many ways. The measures that were put in place in the first quarter when the spread of the COVID-19 started continued also in the second quarter with adapting our organization to the new conditions and actively working to ensure that we take Dometic through the pandemic in the best possible way. After the first half of the quarter with entire countries closed down, we have seen markets and businesses gradually opening up faster than expected since the middle of May.
Our efforts during the past years to build an even more diversified company with increased aftermarket focus have proven to be important during the quarter. Total net sales growth was -38 percent and estimated net sales impact due to COVID-19 was around
Accelerating the implementation of our strategy is key, and we have continued to drive strategic initiatives across the organization. The SKU reduction reached 39 percent and the innovation index improved to 18 percent by the end of the quarter, bringing us closer to our targets of 40 percent and 25 percent respectively. The global restructuring program is making good progress and during the second quarter additional 3 sites and around 230 employees were affected.
Today, it is difficult to predict how the situation will develop over the coming months. We estimate that net sales and operating profit will continue to be negatively affected by the COVID-19 pandemic, although to a much lesser extent than what we saw during second quarter.
We are confident about the long-term positive trends in the Mobile Living industry and the opportunities for acquisitive growth, and we remain fully committed to deliver on our strategic direction to take Dometic to the next level".
PRESENTATION OF THE REPORT
Analysts and media are invited to participate in a telephone conference at 10.00 (CEST)
US: +1 646 722 49 56
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@dometicgroup.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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