Dometic Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 02:00 am EDT
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Dometic Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 6,830 million compared to SEK 7,576 million a year ago. Net income was SEK 412 million compared to SEK 436 million a year ago. Basic earnings per share from continuing operations was SEK 1.29 compared to SEK 1.36 a year ago.
For the nine months, sales was SEK 22,448 million compared to SEK 23,591 million a year ago. Net income was SEK 1,281 million compared to SEK 1,757 million a year ago. Basic earnings per share from continuing operations was SEK 4.01 compared to SEK 5.5 a year ago.
Dometic Group AB publ is a Sweden-based company that manufactures and supplies mobile leisure products for recreational vehicles, such as motorhomes and caravans, and marine, commercial and passenger vehicles. Its products include awnings, air conditioners, refrigerators, ovens, stoves, windows, lights, doors, sanitation systems, generators, sinks, cooktops, portable fridges and freezers, holding tanks, ovens, sinks, cool boxes, dishwashers, grills, inverters, safes, vacuum cleaners, generators, battery charging systems, wine coolers, and minibars, among others. Its products are sold through multiple distribution channels in around 100 countries under the brands: Dometic, WAECO, Marine Air, Cruisair, Condaria, SeaLand and Mobicool. The Company operates production facilities in Asia, Europe and the United States