Dometic this week reported its second quarter financial results.
Net sales in the quarter totaled SEK$6.3 billion ($645 million), an organic decline of 11%. Revenue in the service-and-aftermarket channel was below expectations, with a decline of 12%. EBITA margin was 14%, on par with the same period last year.
“Dometic delivered a robust double-digit EBITA1 margin and strong cash flow in the second quarter, despite a more uncertain macroeconomic environment due to the ongoing global trade conflict,” president and CEO Juan Vargues said in a statement.
Profit for the period was SEK$348 million ($36 million). Free cash flow was SEK$1.3 million ($135,000).
“During the quarter, we launched the Dometic Recon Series, our premium innovative stackable cooler system, strengthening our mobile cooling solutions portfolio,” Vargues said. “Together with our gyro-stabilizer — launched earlier this year in the marine segment — we continue to deliver innovative solutions across multiple market segments. Both product launches have been very well received in early customer feedback.”
