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 2024 Dometic Group AB (publ) Earnings Call Transcript

Jul 18, 2024 / 08:00AM GMT
Release Date Price: €6.09 (+0.50%)
Juan Vargues;publ;President
Dometic Group AB;Chief Executive Officer

()- -

Hello. Good morning [Juan] speaking. Good morning to the presentation of this second quarterly report for 2024. Moving over to the highlights in the quarter. Looking at the market, we still see tough market conditions. So no major changes from that perspective. If we talk in general terms, then we will, of course, look to our different sales channels we have.

We see also retailer inventories coming down very much in the US, but also in the other areas, which is also leading, obviously to a better situation for our service and aftermarket business as well for distribution. While we see OEM steel weak.

Look at our performance, we are happy to deliver a good margin improvement considering obviously the loss that we have on the top line. Service and aftermarket's down 1%, which is a substantial recovery in comparison to Q1 of this year, but also very much in line with our expectations after the last quarter. Distribution also a clear improvement, ending up at minus 2% and very

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