Dometic Group AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 11:30 am IST
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Dometic Group AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 7,576 million compared to SEK 5,545 million a year ago. Net income was SEK 436 million compared to SEK 480 million a year ago. Basic earnings per share from continuing operations was SEK 1.36 compared to SEK 1.5 a year ago.
For the nine months, sales was SEK 23,591 million compared to SEK 15,974 million a year ago. Net income was SEK 1,757 million compared to SEK 1,530 million a year ago. Basic earnings per share from continuing operations was SEK 5.5 compared to SEK 4.99 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