Dometic’s 2019 marine sales outpace other segments

Dometic's Marine Business_2019_crop

Swedish equipment maker Dometic has been downsizing capacity, headcount and SKU’s in a drive to improve efficiency and respond to soft demand in key markets

Dometic announced fourth quarter and year-end results today in a webcast from the company’s headquarters in Sweden, reporting annual net sales growth of 1% to SEK 18.50 billion (€1.74 bn) for the financial year ending December 31, 2019.  Aftermarket sales for the year showed 11% growth.

Profit (after tax) for the year was SEK 1.33 billion (€125m) down -16% from 2018, reflecting lower volumes and the full impact of 25% tariffs, offset by a year of efficiency improvements, capacity reduction and pricing improvements.

Marine revenues, representing 27% of the company’s total annual sales, were the strongest performing segment for the company in 2019…

To continue reading our full report on Dometic’s marine business in 2019 along with highlights of President & CEO Juan Vargues’ discussion with analysts during today’s webcast, please see the options below for subscribing to our Premium content.

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