Components and accessories manufacturer Dometic released the results of its fiscal 2024 fourth quarter.
The company reported net sales of SEK$4.79 billion ($428.24 million), a 10% decline from the year-ago quarter. Operating profit was SEK$349 million ($31.21 million), which corresponded to a margin of 7.3%, an 8.7% decline year-over-year. The company reported operating cash flow of SEK$784 million ($70.12 million).
“[It] was a difficult year impacted by restrained consumer spending and customers continuing to be cautious with their inventory levels,” CEO Juan Vargues said in a statement. “Due to these challenging market conditions, full-year organic net sales declined 12%. In this environment we have continuously been adapting our capacity, and we are today 15% fewer full-time equivalents than a year ago.”
The company did not provide guidance for 2025.
