Dometic publ : Standard & Poor’s upgrades Dometic Group rating to ‘BB’ on strong financial performance
October 10, 2016 at 08:57 am EDT
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Standard & Poor's states that Dometic has successfully delivered its financial policy since its IPO on the Stockholm stock exchange in November 2015, targeting net debt to EBITDA of about 2x, and significantly strengthening its creditworthiness.
'We are pleased to have received this rating upgrade. Since the IPO last year, Dometic has shown strong financial performance. We will continue to focus on delivering on our financial targets and the ambition is to further improve the rating', says Per-Arne Blomquist, CFO of Dometic Group.
For more information, please contactErika Ståhl, Head of Business Control & Investor Relations
Tel: +46 8 501 025 24
Email:ir@dometicgroup.com
ABOUT DOMETIC GROUPDometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation and Food & Beverage. Dometic operates in the Americas, EMEA and Asia Pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. Dometic offer products and solutions that enrich people's experiences away from home, whether in a motorhome, caravan, boat or a truck. Our motivation is to create smart and reliable products with outstanding design. We operate 22 manufacturing/assembly sites in nine countries, sell our products in approximately 100 countries and manufacture approximately 85% of products sold in-house. We have a global distribution and dealer network in place to serve the aftermarket. Dometic employs approximately 6,500 people worldwide, had net sales of SEK 11.5 billion in 2015 and is headquartered in Solna, Sweden.
Dometic Group AB published this content on 10 October 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 October 2016 12:57:08 UTC.
Original documenthttp://www.dometicgroup.com/en/Investor-Relations/Press-Releases/2016/Standard--Poors-upgrades-Dometic-Group-rating-to-BB-on-strong-financial-performance/
Public permalinkhttp://www.publicnow.com/view/9535FAC948DE1D713D538A51B7A17B028B9A6A2B
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
DOMETIC GROUP AB 
