STRONG SALES GROWTH OF 55% WITH SOLID EBITA MARGIN OF 14.8%
FIRST QUARTER 2022
- Net sales were
SEK 7,518 m (4,858); an increase of 55%, of which 7% was organic growth. -
Operating profit (EBITA) before items affecting comparability was
SEK 1,114 m (801), corresponding to a margin of 14.8% (16.5%). -
Items affecting comparability were
SEK -159 m (-5), mainly related to an accelerated implementation of the global restructuring program. -
Operating profit (EBITA) was
SEK 955 m (795), corresponding to a margin of 12.7% (16.4%). -
Operating profit (EBIT) was
SEK 812 m (725), corresponding to a margin of 10.8% (14.9%). -
Profit (loss) for the quarter was
SEK 494 m (490). -
Earnings per share were
SEK 1.54 (1.66). -
Adjusted earnings per share were
SEK 2.27 (1.85). -
Cash flow for the quarter was
SEK -1,305 m (-2,181). Operating cash flow wasSEK -398 m (-20). - Net debt leverage at the end of the quarter was 2.7x (2.3x).
CEO COMMENT
"Our Q1 results show that the successful execution of our strategy is yielding results. Net sales grew 55 percent and the EBITA margin was solid at 14.8 percent. During the quarter we announced one additional acquisition, continued to invest in new product innovation and accelerated the implementation of our global restructuring program.
Net sales in the quarter totaled
EBITA before items affecting comparability improved to
In its first quarter as a separate segment, Marine delivered a net sales growth of 12 percent and an EBITA margin before items affecting comparability of 25.0 percent (24.9). We aim to further grow this business globally, based on a strong market position and by driving continuous innovation.
As previously communicated, we are accelerating activities in our global restructuring program. On
Operating cash flow for the quarter was
We are deeply concerned about the tragic developments in
Supported by an underlying strong end-user demand for Outdoor activities we are optimistic about the long-term trends in the Mobile Living industry. Our order backlog remains strong and retail inventory levels remain below historical levels across several vertical end markets. However, the current macroeconomic situation brings uncertainty and it is difficult to predict how geopolitical developments and increased inflation will impact demand. While paying close attention to the short-term market development, we will continue to implement our strategic agenda to deliver on our targets."
PRESENTATION OF THE REPORT
Analysts and media are invited to participate in a telephone conference at 10.00 (CEST)
Webcast URL and presentation are available at https://www.dometicgroup.com/en/investors
This information is information that
FOR FURTHER INFORMATION, PLEASE CONTACT
Rikard Tunedal, Head of Investor Relations
Phone: +46 730 56 97 35, Email: rikard.tunedal@dometic.com
ABOUT DOMETIC
Dometic is a global market leader in the mobile living industry. Millions of people around the world use Dometic products in outdoor, residential, and professional applications. Our motivation is to create smart, sustainable, and reliable products with outstanding design for an outdoor and mobile lifestyle in the areas of Food & Beverage, Climate, Power & Control, and Other Applications. Dometic employs approximately 9,000 people worldwide, had net sales of
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