Components and systems manufacturer Dometic released fourth quarter and fiscal year 2025 financial results. In its report, the company cited “continuing underlying margin improvement in a challenging market.”
Net sales for the quarter were SEK$4.06 billion ($390 million), a decline of 15% from SEK$4.8 billion ($452 million) in the year-ago quarter. Twelve percent of the decline was currency translation, according to a company statement. Operating profit (EBIT) was SEK$117 million ($11.3 million), corresponding to a margin of 2.9%, compared with SEK$-964 million ($-92.7 million) and a margin of -20.1% a year ago. Profit for the period was SEK$-214 million ($-20.6 million), compared with SEK$-1.09 billion ($-105 million) in 2024.
For the full year, profit was SEK$428 million ($41.2 million) compared with the prior year SEK$-2.3 billion ($-221 million).
“In 2025, we continued to show resilience by adjusting our capacity while also investing in our customer offering, despite a market environment marked by weak consumer spending and cautious behavior among dealers and retailers,” Dometic president and CEO Juan Vargues said in the statement. “We delivered solid full-year results; the gross margin improved to 29.2% and the EBITA margin remained stable at 10.6%.”
Marine segment net sales for the fourth quarter were SEK$1.07 billion ($103 million) compared with SEK$1.26 billion ($121 million) a year ago.
“Net sales in the service and aftermarket sales channel were stable, while net sales to the OEM sales channel declined due to continued low demand,” the statement said.
Full-year marine sales were SEK$4.8 billion ($462 million), representing 23% of group net sales, compared with SEK$5.6 billion ($539 million) in 2024, a decrease of 14% and an organic decrease of 6%.
“We remain encouraged by continued improvements in order intake and backlog, and expect a gradual demand recovery given current visibility on inventory levels. As we approach the bottom of the demand cycle, we continue to reduce costs and increase efficiency while also investing in growth initiatives, driven by new product development and strengthened sales capabilities,” Vargues said.
