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…
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