At the Dometic Capital Markets Update on
The strategy outlined in 2019 has been generating significant growth and profit improvements for the Group. The transformation to a less cyclical, more consumer-oriented, industrialized and efficient company continues at a high pace. Acquisitions are an important building block on this journey and year to date nine acquisitions have been announced, mainly addressing the fast-growing Outdoor market. Portfolio review is integrated into the strategic planning and further acquisitions, and divestments of non-strategic businesses, are evaluated continuously.
Dometic contributes to a more sustainable world by enabling people to enjoy and explore nature - locally and more frequently. This is done by offering innovative, durable, low-carbon products, inspiring an active, comfortable, and responsible life in the outdoors. To drive the sustainability agenda, Dometic has set a sustainability platform including targets for 2024 and beyond. This includes a 2030 target on reducing CO2 ton / net sales by 50%.
The financial targets for the Group remain unchanged, except for the margin target measurement being changed from EBIT to EBITA. The previous EBIT target before i.a.c. of 16-17% corresponds to an EBITA target before i.a.c. of 18-19%. Considering that acquisitions are an important and integrated part of the strategic agenda, this target measurement reflects the underlying performance of the company in a better way.
The Company is optimistic about the long-term Outdoor trends, the favourable consumer demand and the low retail inventory levels. In the short term the global supply chain disturbances, impacting many industries, remain and seem to accelerate in some areas. It is difficult to predict when the situation will stabilize and until then it will continue to impact results. The Company will publish its results for the fourth quarter and full year 2021, on
Agenda and details of the event
This event is taking place LIVE at Moderna Museet at Exercisplan 4 in
An on-demand video of the presentation will be available on the web after the event.
Schedule
14:00-17:30 Presentations. The agenda
-Strategy execution -
-Sustainability, integrated into the Dometic strategy -
-Profitable expansion in mobile living
Market trends, our portfolio, acquisitions -
Dometic Outdoor -
-Product leadership through Innovation -
-Continuous cost reductions -
-Financial Update and targets -
-Q&A
FOR FURTHER INFORMATION, PLEASE CONTACT:
Rikard Tunedal, Head of Investor Relations
Phone: +46 73 056 97 35
Email: rikard.tunedal@dometic.com
https://news.cision.com/dometic-group/r/dometic-capital-markets-update-2021,c3463169
https://mb.cision.com/Main/10773/3463169/1503421.pdf
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