Sweden’s Dometic Group reported improved sales for its fourth quarter and full financial year ending 31 December 2016, with annual net sales up 8% to SEK 12.388 billion (€1,308m) compared to SEK 11.486 billion (€1,250m) for the previous year.
Operating profits (earnings before interest and tax, and items affecting comparability) were up 9.5% to SEK 1,573 million (€166m) for 2016, while net income improved 32% to SEK 1,362 million (€144m), although 4th quarter profitability dipped due to rebranding costs and legal costs for class action litigation which the company expects to resolve favourably.
Marine product sales include air conditioning and sanitation systems, refrigerators, stoves, battery chargers, galley and other onboard equipment, accounting for approximately 9% of total Group sales.
The remainder of IBI Plus’ financial summary for Dometic features the following headline figures from company accounts filed for 2015-16:
- Operating Revenue (Turnover)
- Operating profit (EBIT)
- Profit/Loss before tax
- Profit/Loss for period (Net Income)
- Total Assets
- Total Liabilities
- Net working capital
- EBITDA Margin (%)
- Profit margin (%)
- Solvency ratio
- Current ratio
- Employment figures
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