Swedish-based Dometic Group reported a 33% increase in net sales for the company’s second quarter, of which 9% was organic, 3% was currency translation and 21% was attributed to mergers and acquisitions. Operating cash flow increased by 65% compared with the same quarter last year.
“I am pleased to conclude a second quarter where we performed well in capturing underlying market growth and improved EBIT margin in all regions. Total sales grew 33 percent mainly driven by continued strong sales for RV and good development for CPV and aftermarket. The EBIT margin improved by 1%, despite headwinds from raw material prices.
“Dometic has seen a strong first half of 2018, with organic growth of 9% while the EBIT margin has improved by 1.6 percentage points to 16 percent. Total sales were close to SEK 10 billion and EBIT of more than SEK 1,5 billion, making us a more robust company. Pricing initiatives have been successfully implemented, the EMEA region has done well in executing the profitability program activities and SeaStar has delivered according to expectations.
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