Dometic last week posted its fiscal first quarter results.
The components and accessories manufacturer reported quarterly net sales of SEK$5.24 billion ($565 million), down 10% year-over-year primarily because of currency translation effects, while organic growth was flat. The company said both the marine and mobile cooling segments delivered positive organic growth, helping offset declines in other areas and supporting improved margins.
“Dometic delivered a solid first quarter in a period of increased global turmoil. Good growth in the service and aftermarket sales channel was the main contributor to a flat organic net sales development and improved margins,” president and CEO Juan Vargues said in a statement. “Both the marine and mobile cooling solutions segments reported positive organic growth.”
Service and aftermarket performance, driven in part by marine demand, increased 5% organically during the quarter. Distribution sales declined 1% organically, and OEM sales were down 4%. EBITA before items affecting comparability was SEK$557 million ($60 million), corresponding to a 10.6% margin, up from 10.4% in the prior-year period. Operating profit was SEK$432 million ($47 million), with an 8.2% margin.
Dometic said order intake strengthened late in the quarter across several segments, including higher-margin service and aftermarket channels and the marine segment, signaling continued positive momentum. Dometic added that sales mix and cost reductions from its global restructuring program supported gross margin expansion to 29.6% from 28.7% in the prior-year quarter.
“While we maintain our initial assumption of achieving positive organic growth in 2026,” Vargues said, “we also remain mindful that the risk level going forward is elevated given the geopolitical situation, including the crisis in the Middle East and a changing tariff landscape, and its impact on consumer confidence.”
