Dometic Group AB (FRA:D00)
€ 4.514 0.034 (0.76%) Market Cap: 1.45 Bil Enterprise Value: 2.60 Bil PE Ratio: 0 PB Ratio: 0.68 GF Score: 66/100
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Q2 2023 Dometic Group AB (publ) Earnings Call Transcript

Jul 18, 2023 / 08:00AM GMT
Release Date Price: €6.16 (-0.32%)
Operator

Welcome to Dometic Q2 Report 2023. Today, I am pleased to present CEO, Juan Vargues, CFO, Stefan Fristedt, and Head of Investor Relations, Rikard Tunedal. (Operator Instructions)

Now I will hand the conference over to the speakers. Please go ahead.

Juan Vargues;publ;President;CEO
Dometic Group AB

()-&

Hello. Good morning, everybody, and welcome to the presentation of the quarterly report for the second quarter of 2023. I suggest that without any delays, we start immediately with the highlights for the quarter. We are proud to deliver another quarter showing solid earnings and record high cash flow, especially considering the current market conditions. We still see inflation, interest rates having a negative impact on consumer demand. We see the RV industry production in the U.S. still at very, very low levels. Up to May, the industry is down 50%. This is not the number for Dometic, but for the industry. We see as well that the inventory levels on the Service & Aftermarket import and Service &

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