Sweden-based Dometic Group reported 4% sales growth and 17 % improved operating profit in its first quarter, boosted by strong RV performance.
“Globally the RV markets continue to show strong momentum, especially in Americas and Europe,” said CEO Roger Johansson. “We can conclude that the outlook for the RV market remains positive while the truck market, in particular the U.S., is under pressure. In light of our current performance and conditions in our markets, we remain confident for the rest of 2016.”
In the first quarter 2016 Dometic delivered organic sales growth of 5% and an improved underlying EBIT margin, increasing from 12% to 13%, excluding Medical.
“Our focus on cost efficiency remains an important profitability driver, and the margin improvement that we saw in seven of our eight businesses is a result of this,” said Johansson. Our focus on cost efficiency remains an important profitability driver, and the margin improvement that we saw in seven of our eight businesses is a result of this.
Dometic Group’s interests include Dometic Corp., which supplies the U.S. RV market with a broad range of components, including refrigerators, air conditioners and awnings.