Dometic Group AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 02:00 am EDT
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Dometic Group AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 8,329 million compared to SEK 8,498 million a year ago. Net income was SEK 534 million compared to SEK 827 million a year ago. Basic earnings per share from continuing operations was SEK 1.67 compared to SEK 2.59 a year ago.
For the six months, sales was SEK 15,618 million compared to SEK 16,016 million a year ago. Net income was SEK 868 million compared to SEK 1,321 million a year ago. Basic earnings per share from continuing operations was SEK 2.72 compared to SEK 4.13 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