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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Q3 2023 Dometic Group AB (publ) Earnings Call Transcript

Oct 26, 2023 / 08:00AM GMT
Release Date Price: €5.2 (+0.62%)
Operator

Welcome to Dometic Q3 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 this Q3 report. I suggest that without any delays, we move over to the highlights. Obviously, the market didn't help us in Q3 either. We still see challenging market conditions, not just the market conditions as such, but also a geopolitical situation affecting all markets. Despite that, we reported an improved EBITA margin and a very strong cash flow.

On the positive side, we see retail inventories coming down after a year -- a complete year of negative growth and finally, we see improvements moving from minus 10% in Q2 to minus 5% in Q3. We also saw a decline in the OEM, that's driven primarily by RV Americas and the Marine

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