Challenging macroeconomic environment and weakening demand
Retailers are rebalancing their inventories
Order backlog above last year
Performance
53% sales growth, -1% organic
Strong growth in OEM, Igloo and Mobile Power Solutions
EBITA margin before i.a.c. 15.7% (18.6%)
Channel mix and inefficiencies due to supply constraints
Double-digitEBITA margin in Igloo
Operating cash flow SEK 738 m
Net debt leverage 2.9x
Announced closure of manufacturing site in Siegen
Launch next phase of cost reduction program. Additional annual saving of SEK 200 m when fully implemented
Q2 2022 FINANCIAL SUMMARY
Net sales of SEK 8,498 m, +53% total growth
-1%organic
11% FX
43% M&A
EBITA before i.a.c. of SEK 1,330 m, +28%
EBITA margin of 15.7% (18.6%)
Adjusted EPS of SEK 2.97, +36% Operating cash flow of SEK 738 m (875) Leverage 2.9x (1.4x)
+28%
+53%
8,498
5,571
1,0371,330
Q2 2021
Q2 2022
Net Sales
EBITA
EBITA: Before amortization of acquisition-related intangible assets and items affecting comparability
YTD JUNE 2022 FINANCIAL SUMMARY
Net sales of SEK 16,016 m, +54% total growth
3% organic
7% FX
44% M&A
EBITA before i.a.c. of SEK 2,444 m, +33%
EBITA margin of 15.3% (17.6%)
Adjusted EPS of SEK 5.25, +30% Operating cash flow of SEK 339 m (857)
+33%
+54%
16,016
10,428
1,837
2,444
YTD June 2021 YTD June 2022
Net Sales
EBITA
EBITA: Before amortization of acquisition-related intangible assets and items affecting comparability
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Dometic Group AB published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 07:13:02 UTC.
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 
