Kvartalsrapport Q1 2025

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===== SIDA 1 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 1 
 
 
   
 
FIRST QUARTER 2025  
• Net sales were SEK 5,830 m (6,527); a decrease of -11%. Organic growth was -10%.  
• Operating profit (EBITA1)) before items affecting comparability2) was SEK 606 m (769), corresponding to a margin of 10.4% 
(11.8%). 
• Operating profit (EBIT) was SEK 465 m (611), corresponding to a margin of 8.0% (9.4%). 
• Profit for the period was SEK 181 m (273). 
• Earnings per share were SEK 0.57 (0.85). Adjusted earnings per share3) were SEK 0.88 (1.21). 
• Free cash flow4) was SEK -406 m (-213) in a seasonally weaker quarter. Cash flow was SEK 493 m (-1,054).  
• On February 5, 2025, Dometic issued SEK 2.5 billion in the Swedish krona bond market mainly to manage the debt portfolio. 
Bonds of SEK 1.5 billion maturing in 2025 were repaid during the quarter. 
 
 
  
FINANCIAL OVERVIEW 
 
  
Q1 Q1 LTM FY
SEK m 2025 2024 2025 2024
Net sales 5,830 6,527 23,923 24,620
Operating profit (EBITA¹⁾) before items affecting comparability²⁾ 606 769 2, 507 2,670
% of net sales 10.4% 11.8% 10.5% 10.8%
Operating profit (EBITA¹⁾) 605 758 1, 317 1,470
% of net sales 10.4% 11.6% 5.5% 6.0%
Operating profit (EBIT) 465 611 -1,268 -1,123
% of net sales 8.0% 9.4% -5.3% -4.6%
Profit for the period 181 273 -2,395 -2,303
Earnings per share, SEK 0.57 0.85 -7.50 -7.21
Adjusted earnings per share, SEK³⁾ 0.88 1.21 - 3.17 3.21
Free cash flow⁴⁾ -406 -213 2,111 2,304
Cash flow  493 -1,054 1,353 -195
Return on operating capital, excluding goodwill and trademarks, % -11.7% 20.8% -11.7% -9.7%
¹⁾Before Amortization and impairment of acquisition-related intangible assets
 See definitions of measures and KPIs at the end of the report. See detailed reconciliation tables on www.dometicgroup.com/investors for reconciliation of non-IFRS measures to IFRS
⁴⁾For specification see note 10
²⁾See Note 6 Items affecting comparability
³⁾Excludes the impact from amortization and impairment of acquisition-related intangible assets and items affecting comparability , for specification see note 8
    
 
 
 
 
QUARTERLY REPORT 
Q1 2025 
Solna, April 24, 2025 
 
DOUBLE-DIGIT EBITA MARGIN IN A TURBULENT MACROECONOMIC ENVIRONMENT

===== SIDA 2 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 2 
 
CEO COMMENTS  
In a turbulent macroeconomic environment, we delivered a robust double-digit EBITA-margin for the quarter 
supported by sales mix, new product launches, cost reductions and speed in execution. 
Net sales in the first quarter totaled SEK 5,830 m (6,527), which represents an organic net sales decline by 10 
percent. Retailers continue to be cautious about building inventories, but compared to the fourth quarter of 
2024 we saw some improvement in both the Service & Aftermarket and Distribution sales channels. Organic 
net sales in the Service & Aftermarket sales channel were down 7 percent, compared to a decline of 9 percent 
in the fourth quarter of 2024. Organic net sales in the Distribution sales channel were down 3 percent, 
compared to a decline of 6 percent in the fourth quarter of 2024. The Mobile Cooling Solutions business 
continued to show resilience in a challenging market supported by its broad product offering and new product 
launches, and subsegment Other Global Verticals achieved organic sales growth in the quarter. As 
anticipated, the market environment in the OEM (Original Equipment Manufacturer) sales channel remained 
challenging and organic net sales were down 16 percent primarily due to lower RV industry production in the 
EMEA and APAC regions as well as lower boat production. 
The EBITA-margin for the quarter was 10.4 percent (11.8). The Land Vehicles segment reported an EBITA-
margin of 5.9 percent (7.2), negatively impacted by lower net sales in EMEA and APAC. We are however 
encouraged by an improved financial performance in the Americas, with stable net sales development and 
reduced losses. The Mobile Cooling Solutions segment EBITA-margin improved to 8.6 percent (7.7) 
supported by cost reductions. The EBITA-margin for the Marine segment declined to 19.7 percent (23.6) due 
to lower net sales. We continue to invest in new Marine solutions and, during the quarter, launched the Gyro 
Stabilizer - a completely new product category in our Marine-offering. This product complements perfectly our 
world-leading steering systems, and with this launch we are entering a multi-hundred-million USD market. The 
product won the prestigious American boating industry Innovation Award 2025 at the Miami International 
Boat Show and customer feedback has been highly positive.  
The Global restructuring program announced in December 2024 is progressing as planned. Since program 
start we have closed one manufacturing site and one distribution center. The divestment activities are 
progressing well and discussions with potential buyers are ongoing. We continue to invest in product 
innovation and sales capabilities in our strategic growth areas, and the product innovation index improved to 
21 percent (18). 
In a seasonally weaker quarter free cash flow was SEK -0.4 b (-0.2) and as anticipated the net debt to EBITDA 
leverage ratio increased to 3.3x compared to 3.1x at the end of 2024. Cash flow focus remains high across the 
organization and inventories continue to trend down. We are committed to achieving our net debt to EBITDA 
leverage ratio target of around 2.5x but due to the current macroeconomic situation it is difficult to assess the 
timing of target achievement.  
The macroeconomic situation during the last few months has been turbulent with tariff measures being 
announced by several countries. With approximately half of our net sales in the US we, like our competitors, 
are exposed to these significant tariff increases, even though a large part of our products for the marine and RV 
industries currently has material protection under the existing North American free trade agreement (USMCA). 
We have acted quickly and are implementing surcharges to offset any negative cost impact, while at the same 
time reviewing our supply chain setup to minimize the go-forward impact. Considering the geographical 
spread in our manufacturing footprint, including nine production facilities in the US, we are well positioned in 
the US from a competitive perspective going forward. 
In this situation it
  is important to control what we can control and remain flexible short-term to be able to adapt 
to possible changing market developments. At the same time, we will continue to drive our long-term strategic 
agenda. It is difficult to predict how the current uncertain macroeconomic situation and market conditions will 
impact demand, particularly in the short term. Under normal circumstances and with current visibility on 
inventory levels, we expect to see a continued gradual recovery in demand in the Service & Aftermarket and 
Distribution sales channels during the year. In the OEM sales channel, the market conditions vary between 
different verticals and geographies, but we expect demand to remain under pressure during the first half of the 
year with possible improvements during the second half. However the ongoing trade war leads to higher 
uncertainty on the consumer behaviour and demand going forward. 
We will continue to be proactive and act on short-term market developments while continuing to relentlessly 
drive our strategic agenda to deliver on our targets. 
 
Juan Vargues, President and CEO 
 
¹⁾ Unless stated otherwise, EBITA refers to EBITA before items affecting comparability.  
 
NET SALES, SEK M  
 
 
OP. PROFIT (EBIT A) BEFORE I.A.C . 
 
FREE  CASH FLOW , SEK M  
 
 
 
0
10,000
20,000
30,000
40,000
0
2,000
4,000
6,000
8,000
10,000
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2023 2024 2025
LTMQ
Quarterly Last 12 months (LTM)
0%
5%
10%
15%
0
200
400
600
800
1,000
1,200
1,400
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2023 2024 2025
LTMQ
Quarterly SEK, M Margin, Last 12 Months (LTM)
-3,000
-1,500
0
1,500
3,000
4,500
6,000
-1,000
-500
0
500
1,000
1,500
2,000
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2023 2024 2025
LTMQ
Quarterly Last 12 months (LTM)

===== SIDA 3 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 3 
 
FINANCIAL SUMMARY – 
FIRST QUARTER 2025 
Net sales were SEK 5,830 m (6,527). Total growth was -11%, of 
which -10% was organic growth, 0% currency translation, 0% M&A 
and -1% portfolio changes related to the ongoing Global 
restructuring program.   
Gross profit was SEK 1,672 m (1,818) corresponding to 28.7% 
(27.9%) of net sales. The improvement was supported by cost 
reductions and sales mix. 
Sales and administrative expenses totaled SEK -877 m (-907), 
positively impacted by cost reductions. Investments in strategic 
growth areas continued and Sales and administrative expenses in 
percent of net sales increased to 15.0% (13.9%).  
Research and development expenses were SEK -151 m (-149) 
with continued investments in strategic growth areas. In addition 
Research and development expenses of SEK -12 m (-9) were 
capitalized in the quarter. In total, this corresponds to 2.8% (2.4%) 
of net sales. 
Other operating income and expenses were SEK -37 m (7), 
negatively impacted by currency revaluation effects as well as 
currency hedge effects. 
Operating profit (EBITA) before amortization and 
impairment of acquisition-related intangible assets and 
items affecting comparability was SEK 606 m (769) 
corresponding to a margin of 10.4% (11.8%). The decline was driven 
by lower net sales impacting the margin negatively primarily in 
segments Marine and Land Vehicles.  
Items affecting comparability were SEK -2 m (-11). 
Amortization and impairment of acquisition-related 
intangible assets were SEK -140 m (-147).  
Operating profit (EBIT) was SEK 465 m (611), corresponding to a 
margin of 8.0% (9.4%).  
Financial items totaled a net amount of SEK -198 m (-218), whereof 
SEK -188 m (-219) in interest on external bank and bond loans. Other 
FX revaluations and other items amounted to SEK -59 m (-19) and 
financial income amounted to SEK 50 m (20).  
Taxes totaled SEK -87 m (-119), corresponding to 32% (30%) of 
profit before tax. Current tax amounted to SEK -111 m (-131) and 
deferred tax to SEK 25 m (12). Paid tax was SEK -115 m (-170).  
Profit for the period was SEK 181 m (273). 
Earnings per share were SEK 0.57 (0.85). Adjusted earnings per 
share were SEK 0.88 (1.21). 
Cash flow was SEK 493 m (-1,054). Net cash flow from operations 
was SEK -68 m (109). The difference compared to the same period 
last year was mainly due to lower operating profit.  
Net cash flow from investments was SEK -106 m (-170) of which  
SEK - m (-103) payments of deferred considerations related to 
acquisitions completed previous years and SEK -110 m (-66) related 
to investments in intangible and tangible assets.  
Net cash flow from financing was SEK 667 m (-993). In the quarter 
Dometic issued SEK 2.5 b in the Swedish krona bond market and 
repaid borrowings of SEK 1.5 b. The net of paid and received 
interest was SEK -142 m (-170). The cash flow effect from short-term 
borrowings was SEK -41 m (299).  
In a seasonally weaker quarter free cash flow (see note 10 for 
specification) was SEK -406 m (-213). The decline was mainly driven 
by lower net cash flow from operations. 
During the last 12 months, April 2024 - March 2025, average core 
working capital in relation to net sales improved to 28% (31%). 
Financial position. In the quarter Dometic issued SEK 2.5 b in the 
Swedish krona bond market mainly to manage the debt portfolio. 
The bonds were issued across three tranches consisting of a 3-year 
Floating Rate Note with a coupon of 3m Stibor +275bps, a 3-year 
Fixed Rate Note with a coupon of 4.925% and a 5-year Floating Rate 
Note with a coupon of 3m Stibor +325bps.  
During the quarter Dometic repaid an EKN-backed loan of SEK 
1,000 m and a SEK bond of SEK 500 m, both maturing in 2025.  
Dometic’s commercial papers program with a framework of SEK 
3,000 m, had SEK 338 m (299) outstanding at the end of the 
period.  
The average maturity of interest-bearing debts was 2.5 years (2.4) at 
the end of the period. There is an undrawn revolving credit facility 
available of EUR 280 m maturing in 2028.  
Net debt to EBITDA leverage ratio was 3.3x (3.0x) at the end of the 
period. At the end of 2024 the ratio was 3.1x.  
Return on Operating Capital (RoOC) excluding goodwill and 
trademarks was -11.7% (20.8%).  
Global restructuring program. On December 12, 2024, 
Dometic announced a Global restructuring program to strengthen 
profitability and to release resources for continued investments to 
drive profitable growth and value creation in strategic growth areas. 
The program includes portfolio changes and structural cost 
reductions.
 Since program start 150 employees have been 
impacted by the program and one manufacturing site and one 
distribution center have been closed. Annual runrate saving at the 
end of the quarter was SEK 100 m and cash out related to 
restructuring charges during the quarter was SEK 40 m. The impact 
on net sales growth in the quarter from portfolio changes was -1%. 
Employees. Number of employees in terms of headcount was 
7,349 (7,848) at the end of the period.  
Other significant events in the quarter. To simplify the 
organizational structure and to secure synergy realization across the 
different geographies, Dometic has changed its Land Vehicles 
organizational structure. The three Land Vehicles segments have 
been consolidated into one Global Land Vehicles segment. A 
recruitment process for a Global Land Vehicles segment head has 
been initiated and CEO Juan Vargues is acting as interim Segment 
head until there is a new leader in place. All comparative periods 
have been restated accordingly. 
Todd Seyfert, Head of Land Vehicles Americas, left the Company on 
February 28, 2025 for another external assignment.  
Significant events after the quarter. At the 2025 Annual 
Shareholders Meeting held on April 15, 2025, Fredrik Cappelen 
was re-elected as member and Chairman of the Board of Directors. 
Heléne Vibbleus, Peter Sjölander, Jacqueline Hoogerbrugge, Rainer 
Schmückle, Mengmeng Du and Patrik Frisk were re-elected as 
members of the Board of Directors. The proposed dividend of SEK 
1.30 per share was approved. 
There have been no other significant events that have impacted the 
financial reporting after the balance sheet date.

===== SIDA 4 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 4 
 
FINANCIAL PERFORMANCE BY SEGMENT 
 
SEGMENT LAND VEHICLES  
FIRST QUARTER 2025 NET SALES AND OPERATING PROFIT  
Segment Land Vehicles reported net sales of SEK 2,527 m (2,880), representing 43% (44%) of Group net sales. Total growth was  
-12%, of which -12% was organic growth, -1% currency translation and 0% M&A. The organic net sales decline was mainly attributable to 
lower net sales in the OEM sales channel in EMEA and APAC. Organic net sales in the Service & Aftermarket sales channel showed a low 
single-digit decline compared to the same period last year.  
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 150 m (207), corresponding to a margin of 5.9% (7.2%). The decline was due to reduced operating profit in EMEA and APAC as a 
consequence of lower net sales, partly offset by cost reductions and reduced losses in Americas. The sales mix, with a higher share of net 
sales in the Service & Aftermarket sales channel, had a positive effect on the margin. Operating profit (EBIT) was SEK 117 m (164), 
corresponding to a margin of 4.6% (5.7%).  
SEGMENT MARINE  
FIRST QUARTER 2025 NET SALES AND OPERATING PROFIT  
Segment Marine reported net sales of SEK 1,299 m (1,500), representing 22% (23%) of Group net sales. Total growth was -13%, of which  
-13% was organic growth, -1% currency translation and 0% M&A. The organic net sales decline was attributable to both the OEM and the 
Service & Aftermarket sales channels. 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 256 m (353), corresponding to a margin of 19.7% (23.6%). The decline was due to lower net sales, partly offset by cost reductions. 
Operating profit (EBIT) was SEK 207 m (304), corresponding to a margin of 15.9% (20.3%).  
SEGMENT MOBILE COOLING SOLUTIONS 
FIRST QUARTER 2025 NET SALES AND OPERATING PROFIT  
Segment Mobile Cooling Solutions reported net sales of SEK 1,420 m (1,473), representing 24% (23%) of Group net sales. Total growth 
was -4%, of which -4% was organic growth, 1% currency translation and 0% M&A.  
Q1 Q1 LTM FY
SEK m 2025 2024 Reported Organic¹⁾ 2025 2024
Land Vehicles, where of; 2,527 2,880 -12% -12% 10,505 10,858
     - America s 829 829 -0% -1% 3,532 3,533
     - EMEA 1,445 1,725 -16% -15% 5,804 6,084
     - APAC 253 326 -22% -20% 1,169 1,241
Marine 1,299 1,500 -13% -13% 5,370 5,571
Mobile Cooling Solutions 1,420 1,473 -4% -4% 5,771 5,824
Global Ventures 584 674 -13% -6% 2,278 2,368
Net sales 5,830 6,527 -11% -10% 23,923 24,620
Land Vehicles, where of; 150 207 605 664
     - America s -81 -96 -224 -237
     - EMEA 157 204 502 550
     - APAC 74 99 326 351
Marine 256 353 1,100 1,198
Mobile Cooling Solutions 123 113 547 538
Global Ventures 78 96 255 271
Operating profit (EBITA²⁾) before i.a.c.³⁾ 606 769 2,507 2,670
Land Vehicles, where of; 5.9% 7.2% 5.8% 6.1%
     - America s -9.8% -11.5% -6.3% -6.7%
     - EMEA 10.9% 11.9% 8.6% 9.0%
     - APAC 29.3% 30.3% 27.9% 28.3%
Marine 19.7% 23.6% 20.5% 21.5%
Mobile Cooling Solutions 8.6% 7.7% 9.5% 9.2%
Global Ventures 13.3% 14.2% 11.2% 11.4%
Operating profit (EBITA) before i.a.c. % 10.4% 11.8% 10.5% 10.8%
³⁾See note 4 for Operating profit ( EBIT) by segment and note 6 for details on i.a.c . (items affecting comparabilty) . 
²⁾Before amortization and impairment of acquisition-related intangible assets . 
¹⁾Net sales growth excluding acquisitions/divestments/portfolio changes related to the ongoing Global restructuring program and currency translation effects . 
Change (%)

===== SIDA 5 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 5 
 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 123 m (113), corresponding to a margin of 8.6% (7.7%). The margin improvement was supported by cost reductions. Operating profit 
(EBIT) was SEK 79 m (65), corresponding to a margin of 5.6% (4.4%).  
SEGMENT GLOBAL VENTURES 
FIRST QUARTER  2025 NET SALES AND OPERATING PROFIT  
Segment Global Ventures reported net sales of SEK 584 m (674), representing 10% (10%) of Group net sales. Total growth was -13%, of 
which -6% was organic growth, 0% currency translation, 0% M&A and -7% portfolio changes related to the ongoing Global restructuring 
program. The portfolio changes is related to the discountinued generator product category business in subsegment Mobile Power 
Solutions. Organic net sales in subsegment Mobile Power Solutions declined mainly due to lower demand in the OEM sales channel. 
Organic net sales in subsegment Other Global Verticals showed growth with a positive development in both the Residential and 
Hospitality businesses. 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 78 m (96), corresponding to a margin of 13.3% (14.2%). The decline was due to lower net sales in subsegment Mobile Power Solutions 
and continued investments in product development and sales capabilities, partly offset by cost reductions. Subsegment Other Global 
Verticals showed an improved margin compared to the same quarter last year. Operating profit (EBIT) was SEK 62 m (78), corresponding to 
a margin of 10.6% (11.5%).

===== SIDA 6 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 6 
 
SUSTAINABILITY UPDATE 
Dometic's sustainability platform is encompassing three ESG focus areas: Planet (E), People (S) and Governance (G). These areas receive strong 
support from Group management and are embedded into daily operations through clear KPIs, goals, and activities. Progress on all established 
targets is reported externally via the Annual and Sustainability Report, with quarterly updates provided for five specific KPIs. 
The data in the table below cover the full scope of Dometic’s operations, and starting from 2025 acquisitions are included in the results and targets 
for all periods.  
 
 
 
LTIFR (Lost Time Injury Frequency Rate). LTIFR for the first quarter was 1.2 (1.4), with a target to be below 1.5. Injury prevention efforts within the 
organization persists, focusing on learning from past incidents, enhancing routines, and fostering an open dialogue and reporting climate.  
Share of female managers. The share of female managers was 30% (29%), which is in line with the 2025 target of 30%. This result reflects the 
company’s commitment to fostering an equitable, just, and inclusive work environment. This initiative will be sustained, receiving dedicated 
support from all segments, with the overall aim of further enhancing the proportion of female managers within the organization.  
Share of renewable electricity in operations. The share of renewable electricity in operations is a new KPI from the first quarter of 2025. This is 
a major driver for Dometic to reduce its operational environmental footprint. The result has increased to 34% (23%), reflecting the increasing use of 
renewable electricity within Dometic’s manufacturing and distribution facilities.  
Product innovation index. Product innovation is an integral part of Dometic's sustainability strategy. Dometic's aim is to ensure that new 
products have a lower climate impact and improved energy efficiency compared to previous models, with a continued focus on energy 
consumption and complemented by research and development in alternative materials and new design solutions. The Product innovation index for 
Q1 2025 was 21% (18%).  
Share of high-spend direct material suppliers assessed for sustainability. Dometic prioritizes the auditing of its suppliers to ensure that 
business partners understand and comply with Dometic’s Code of Conduct and sustainability requirements. This new KPI from the first quarter of 
2025 tracks the percentage of suppliers, covering the top 80% of Group direct material spend, that have been assessed for sustainability 
performance. In the first quarter of 2025, 48% of the suppliers in scope underwent sustainability assessments with satisfactory outcomes. Remaining 
suppliers in scope are being planned to be assessed in the subsequent quarters. 
  
Focus area KPI Actual result Previous year⁽¹⁾ Target 2025
People LTIFR 1.2 1.4 <1.5  
People Share of female managers 30% 29% 30%
Planet Share of renewable electricity in operations 34% 23% 35%
Planet Product Innovation Index 21% 18% 25%
Governance Share of high-spend direct material suppliers assessed 
for sustainability 48% n/a 65%
 ¹⁾Previous year refers to actual results for the same reporting period previous year. 
For definitions of KPIs, and what the actual period refers to for each KPI, see Definitions and Key ratios at the end of the report.

===== SIDA 7 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 7 
 
PARENT COMPANY DOMETIC GROUP AB (PUBL) 
FIRST QUARTER 2025 
The Parent Company Dometic Group AB (publ) comprises the functions of the Group’s head office, such as Group management and 
administration. The Parent Company invoices its costs to the Group companies. 
Operating profit amounted to SEK 3 m (0), including administrative expenses of SEK -71 m (-57) and other operating income of SEK 74 m (57), of 
which the full amount relates to income from Group companies. Net financial expenses totaled SEK 323 m (-297). 
Result for the period amounted to SEK 326 m (-297). 
 
 
 
 
Solna, April 24, 2025 
 
 
Juan Vargues 
President and CEO  
 
REVIEW  
This interim report has not been subject to review by the Dometic Group AB (publ)’s external auditor.

===== SIDA 8 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 8 
 
 
CONSOLIDATED INCOME STATEMENT 
 
CONSOLIDATED STATEMENT 
OF COMPREHENSIVE INCOME 
  
Q1 Q1 FY
SEK m 2025 2024 2024
Net sales 5,830 6,527 24,620
Cost of goods sold -4,158 -4,709 -17,800
Gross Profit 1,672 1,818 6,820
 
Sales expenses -510 -540 -2,160
Administrative expenses -367 -367 -1,485
Research and development expenses -151 -149 -587
Other operating income and expenses -37 7 82
Items affecting comparability -2 -11 -1,200
Amortization and impairment of acquisition-related intangible assets -140 -147 -2,593
Operating profit 465 611 -1,123
 
Financial income 50 20 151
Financial expenses -248 -238 -998
Net financial expenses -198 -218 -847
 
Profit before tax 267 392 -1,970
 
Taxes -87 -119 -332
Profit for the period 181 273 -2,303
 
Profit for the period attributable to owners of the Parent Company 181 273 -2,303
Earnings per share before and after dilution, SEK - Owners of the Parent Company 0.57 0.85 -7.21
Adjusted earnings per share, SEK 0.88 1.21 3.21
Average number of shares, million 319.5 319.5 319.5
 
Q1 Q1 FY
SEK m 2025 2024 2024
Profit for the period 181 273 -2,303
Other comprehensive income 
Items that will not be reclassified subsequently to profit or loss: 
Remeasurements of defined benefit pension plans, net of tax 6 35 22
 6 35 22
Items that may be reclassified subsequently to profit or loss: 
Cash flow hedges, net of tax -7 11 15
Gains/losses from hedges of net investments in foreign operations, net of tax 684 -529 -630
Exchange rate differences on translation of foreign operations -3,319 2,228 2,976
 -2,642 1,710 2,361
Other comprehensive income for the period -2,637 1,745 2,383
 
Total comprehensive income for the period attributable 
 to the owner of the Parent Company -2,456 2,018 80

===== SIDA 9 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 9 
 
CONSOLIDATED  
BALANCE SHEET (IN SUMMARY) 
 
 
SEK m Mar 31, 2025 Mar 31, 2024 Dec 31, 2024
ASSETS 
Non-current assets 
Goodwill and trademarks 24,626 28,478 26,756
Other intangible assets 6,121 7,076 6,795
Tangible assets 2,208 2,554 2,421
Right-of-use assets 1,729 2,045 1,878
Deferred tax assets 1,022 765 1,091
Other non-current assets 238 192 248
Total non-current assets 35,945 41,110 39,189
 
Current assets 
Inventories 5,586 7,700 6,455
Trade receivables 3,200 3,630 2,300
Current tax assets 66 168 84
Derivatives, current 6 49 17
Other current receivables 339 436 361
Prepaid expenses and accrued income 177 221 203
Cash and cash equivalents 4,280 3,347 4,213
Total current assets 13,654 15,551 13,633
TOTAL ASSETS 49,599 56,661 52,822
 
EQUITY AND LIABILITIES 
 
EQUITY 23,009 28,010 25,465
 
LIABILITIES 
Non-current liabilities 
Long-term borrowings 14,701 16,006 13,077
Deferred tax liabilities 2,832 3,098 3,091
Other non-current liabilities 4 0 5
Leasing liabilities, non-current 1,564 1,767 1,716
Provisions for pensions 463 503 512
Other provisions, non-current 362 248 435
Total non-current liabilities 19,925 21,621 18,836
 
Current liabilities 
Short-term borrowings 838 299 2,388
Trade payables 2,375 2,948 2,581
Current tax liabilities 24 143 43
Advance payments from customers 22 40 25
Leasing liabilities, current 424 448 443
Derivatives, current 11 32 13
Other provision, current 733 400 731
Other current liabilities 874 1,230 950
Accrued expenses and prepaid income 1,363 1,490 1,347
Total current liabilities 6,664 7,030 8,520
TOTAL LIABILITIES 26,589 28,651 27,356
TOTAL EQUITY AND LIABILITIES 49,599 56,661 52,822

===== SIDA 10 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 10 
 
CONSOLIDATED STATEMENT  
OF CHANGES IN EQUITY (IN SUMMARY) 
 
 
  
Q1 Q1 FY
SEK m 2025 2024 2024
Opening balance for the period 25,465 25,992 25,992
Profit for the period 181 273 -2,303
Other comprehensive income for the period  -2,637 1,745 2,383
Total comprehensive income for the period  -2,456 2,018 80
 
Transactions with owners 
Dividend paid to shareholders of the Parent Company - - -607
Total transactions with owners - - -607
 
Closing balance for the period 23,009 28,010 25,465

===== SIDA 11 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 11 
 
CONSOLIDATED STATEMENT  
OF CASH FLOW 
  
  
Q1 Q1 FY
SEK m 2025 2024 2024
Cash flow from operating activities 
Operating profit 465 611 -1,123
Adjustment for non-ca sh items 
Amortization, depreciation and impairment 339 382 3,510
Other non-cash items -84 84 1,243
Cha nges in working ca pita l 
Changes in inventories 366 39 843
Changes in trade receivables -1,120 -1,188 142
Changes in trade payables -13 251 -151
Changes in other working capital 93 99 144
Income taxes paid -115 -170 -740
Net cash flow from operations -68 109 3,869
 
Cash flow from investments 
Acquisition of operations, net of cash acquired - -103 -159
Investments in intangible and tangible assets -110 -66 -379
Proceeds from sales of intangible and tangible assets 1 0 3
Other investing activities 4 -1 17
Net cash flow from investments -106 -170 -519
 
Cash flow from financing 
Raised long-term borrowings 2,488 - -
Repayment of long-term borrowings -1,498 -1,000 -2,056
Changes in short-term borrowings -41 299 389
Payment of lease liabilities  -90 -85 -352
Paid interest -182 -184 -939
Received interest 40 14 85
Other financing activities -49 -37 -66
Dividend paid to shareholders of the Parent Company - - -607
Net cash flow from financing 667 -993 -3,545
 
Cash flow for the period 493 -1,054 -195
 
Cash and cash equivalents at beginning of period 4,213 4,348 4,348
Exchange differences on cash and cash equivalents -426 53 59
Cash and cash equivalents at end of period 4,280 3,347 4,213

===== SIDA 12 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 12 
 
PARENT COMPANY 
INCOME STATEMENT 
 
 PARENT COMPANY 
 BALANCE SHEET (IN SUMMARY) 
Q1 Q1 FY
SEK m 2025 2024 2024
Administrative expenses -71 -57 -243
Other operating income 74 57 247
Operating profit  3 0 4
 
Interest income from Group companies 136 190 741
Result from participation in Group companies - - 1,800
Other financial income and expenses 187 -487 -1,090
Net financial expenses 323 -297 1,451
 
Group contributions - - 173
Profit (loss) before tax 326 -297 1,629
 
Taxes - - 14
Profit (loss) for the period 326 -297 1,643
Other comprehensive income - - -
Total comprehensive income 326 -297 1,643
 
SEK m Mar 31, 2025 Mar 31, 2024 Dec 31, 2024
ASSETS 
Non-current assets 
Shares in subsidiaries 16,228 16,228 16,228
Other non-current assets 6,961 6,527 7,446
Total non-current assets 23,189 22,755 23,674
 
Current assets 
Current assets 5,477 5,054 4,551
Total current assets 5,477 5,054 4,551
TOTAL ASSETS 28,666 27,810 28,225
 
EQUITY 12,686 11,028 12,361
 
PROVISIONS 
Provisions 122 102 124
Total provisions 122 102 124
 
LIABILITIES 
Non-current liabilities 
Non-current liabilities 14,701 16,006 13,077
Total non-current liabilities 14,701 16,006 13,077
 
Current liabilities 
Current liabilities 1,157 674 2,664
Total current liabilities 1,157 674 2,664
TOTAL LIABILITIES 15,980 16,781 15,864
TOTAL EQUITY AND LIABILITIES 28,666 27,810 28,225

===== SIDA 13 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 13 
 
CONDENSED NOTES 
NOTE 1 | ACCOUNTING PRINCIPLES 
Dometic Group AB (publ) (“Parent Company”) and its subsidiaries 
(together “the Dometic Group”, “Dometic”, “the Group”, or “the 
Group Companies”) applies International Financial Reporting Standards 
(IFRS), as endorsed by the European Union. This consolidated Interim 
Financial Report has been prepared in accordance with IAS 34 ‘Interim 
Financial Reporting’.  
The accounting and valuation principles in this interim report correspond 
to principles applied by the Group in the 2024 Annual and Sustainability 
Report and should be read in conjunction with that Annual and 
Sustainability Report, available at www.dometicgroup.com. 
The Swedish Annual Accounts Act and RFR 2 Accounting for Legal 
Entities, issued by the Swedish Financial Reporting Board, have been 
applied for the Parent Company. The interim report comprises pages 1–
19 and pages 1–12 are thus an integral part of this financial report (IAS 
34.16A).  
Totals quoted in tables and statements may not always be the exact sum 
of the individual items because of rounding differences. The aim is for 
each line item to correspond to its source, and rounding differences may 
therefore arise. 
New or amended accounting policies for 2025 adopted 
by the group  
A detailed description of the accounting and valuation principles for new 
or amended accounting policies for 2025 applied by the Group in this 
interim report can be found in Note 2.1.1 Changes in accounting 
policies, New or amended accounting policies for 2025, of the 2024 
Annual and Sustainability Report available at www.dometicgroup.com.  
NOTE 2 | RISKS AND UNCERTAINTIES 
Risks are part of any business and as a global Group with production and 
distribution all over the world Dometic faces risks that can impact its 
ability to achieve established strategic and other objectives, including 
financial targets. Effective risk management of strategic, execution, 
compliance & regulatory and reporting risks creates opportunities and 
effective risk mitigation. Dometic’s risks and risk management are 
described on pages 57- 61 and on pages 86-89 in the 2024 Annual and 
Sustainability Report, available at www.dometicgroup.com.  
As communicated before, ACON, the seller of Igloo, has filed a lawsuit 
against Dometic in the fourth quarter 2022, making certain claims 
related to the Stock Purchase Agreement (“SPA”). Dometic is confident 
that the lawsuit lacks any merit, is vehemently contesting this lawsuit and 
has filed counterclaims against ACON related to its conduct under, and 
non-compliance with, the SPA. Trial is expected to take place in 
September 2025.  
Long-term trends in Mobile Living are strong as a growing number of 
consumers are enjoying the outdoors globally. However, the current 
macroeconomic situation and market conditions, including high interest 
rates, lower consumer spend and customer purchasing patterns, are 
currently having a negative impact on the financial performance. On 
December 12, 2024, Dometic announced a Global restructuring 
program to strengthen profitability and to release resources for 
continued investments to drive profitable growth and value creation in 
strategic growth areas. The program includes portfolio changes and 
structural cost reductions. Dometic will explore divestment 
opportunities and/or will discontinue non-strategic businesses. This 
includes low-margin businesses and/or areas where synergies are low or 
non-existing with the rest of the portfolio.Structural cost reductions and 
discontinued businesses will have an annual positive impact on EBITA 
estimated to be SEK 750 m when fully implemented. Implementation is 
expected to be completed within 24 months from the day of the 
announcement with a gradual effect from the first quarter 2025. Total 
restructuring charges for the Global restructuring program are estimated 
to SEK 1.2 billion and were reported in full in the fourth quarter. 2024, as 
items affecting comparability. 
The current macroeconomic situation brings uncertainty and it is difficult 
to predict how geopolitical developments or ongoing tariffs discussions 
in the US may impact operations. Dometic will continue to be proactive 
and act on the development while continuing to relentlessly drive the 
strategic agenda to deliver on its targets. 
NOTE 3 | FINANCIAL INSTRUMENTS 
Dometic uses currency forward contracts to hedge part of its cash 
exposure as well as its exposure to forecasted purchases and sales in 
foreign currency. 
The fair values of Dometic’s derivative assets and liabilities were SEK 6 m 
(49) and SEK 11 m (32). The value of derivatives is based on published 
prices in an active market. No transfers between levels of the fair value 
hierarchy have occurred during the period. 
For financial assets and liabilities other than derivatives, fair value is 
assumed to be equal to the carrying amount. 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mar 31, 2025
Balance sheet 
carrying amount
Financial instruments 
at amortized cost
Financial instruments 
at fair value
Derivatives used for 
hedging
Per category
Derivatives 6 - - 6
Financial assets 8,058 8,058 - -
Total financial assets 8,063 8,058 - 6
 
Derivatives 11 - - 11
Financial liabilities 18,793 18,114 679 -
Total financial liabilities 18,804 18,114 679 11

===== SIDA 14 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 14 
 
NOTE 4 | SEGMENT INFORMATION 
All comparative periods have been restated according to the new segment reporting structure. Disclosures of segment information in Note 4 have been 
restated accordingly. 
SEGMENT INFORMATION 
 
 
Inter -segment sales  
 
NOTE 5 | NET SALES BY SALES CHANNEL 
 
Q1 Q1 FY
SEK m 2025 2024 2024 
Land Vehicles 2,527 2, 880 10,858
Marine 1,299 1 ,500 5,571
Mobile Cooling Solutions 1,420 1 ,473 5,824
Global Ventures 584 674 2, 368
Total Net sales, external 5,830 6, 527 24,620 
Land Vehicles 150 207 664
Marine 256 353 1, 198
Mobile Cooling Solutions 123 113 538
Global Ventures 78 96 271
Total Operating profit (EBITA) before items affecting comparability 606 769 2, 670 
Land Vehicles 5.9% 7. 2% 6.1%
Marine 19.7% 23. 6% 21.5%
Mobile Cooling Solutions 8.6% 7. 7% 9.2%
Global Ventures 13.3% 1 4.2% 11.4%
Total Operating profit (EBITA) before items affecting comparability % 10.4% 11. 8% 10.8% 
Land Vehicles -33 - 33 -2,137
Marine -48 - 50 -201
Mobile Cooling Solutions -42 - 47 -187
Global Ventures -16 - 18 -69
Total amortization and impairment of acqusition-related intangible assets -140 -1 47 -2,593 
Land Vehicles -0 - 11 -983
Marine - - - 100
Mobile Cooling Solutions -1 -1 - 54
Global Ventures - - - 63
Total Items affecting comparability  -2 -1 1 -1,200 
Land Vehicles 117 16 4 -2,456
Marine 207 304 897
Mobile Cooling Solutions 79 65 297
Global Ventures 62 78 13 9
Total Operating profit (EBIT) 465 61 1 -1,123 
Land Vehicles 4.6% 5. 7% -22.6%
Marine 15.9% 20. 3% 16.1%
Mobile Cooling Solutions 5.6% 4. 4% 5.1%
Global Ventures 10.6% 11. 5% 5.9%
Total Operating profit (EBIT) % 8.0% 9. 4% -4.6% 
Financial income 50 20 15 1
Financial expenses -248 - 238 -998
Taxes -87 - 119 -332
Profit for the period 181 273 -2, 303
Q1 Q1 FY
SEK m 2025 2024 2024
Land Vehicles 136 79 4 41
Marine 31 16 9 1
Mobile Cooling Solutions 24 - 75
Global Ventures 9 - 18
Total eliminations 201 95 624
Q1 Q1 FY
SEK m 2025 2024 Reported Or ganic¹⁾ 2024 
OEM 2,301 2,817 -18% - 16% 9,863
Distribution 1,874 1,931 -3% - 3% 7,641
Service & Aftermarket 1,655 1,778 -7% - 7% 7,116
Total net sales, external 5,830 6,527 -11% -1 0% 24,620
¹⁾Net sales growth excluding acquisitions/divestments/portfolio changes related to the ongoing Global restructuring program and currency translation effects.
Change (%)

===== SIDA 15 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 15 
 
 
NOTE 6 |  ITEMS AFFECTING COMPARABILITY 
 
 
Specification  of items affecting comparability by function and other operating income and expenses   
  
 
 
  
Q1 Q1 FY
SEK m 2025 2024 2024
Global restructuring program - - -1,159
Other -2 -11 -40
Total -2 -11 -1,200
Global restructuring program Q1 Q1 FY
SEK m 2025 2024 2024
Cost of goods sold
Global restructuring program - - -876
Other - -8 -27
Total - -8 -903
Sales expenses
Global restructuring program - - -97
Other - - -1
Total - - -98
Administrative expenses
Global restructuring program - - -56
Other - -1 -1
Total - -1 -57
Research and development expenses
Global restructuring program - - -6
Other - - -
Total - - -6
Other operating income and expenses
Global restructuring program - - -124
Other -2 -3 -12
Total -2 -3 -136
Total items affecting comparability
Global restructuring program - - -1159
Other -2 -11 -40
Total -2 -11 -1,200

===== SIDA 16 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 16 
 
NOTE 7 | AMORTIZATION AND IMPAIRMENT OF ACQUISITION-RELATED INTANGIBLE ASSETS  
Specification of amortization and impairment of acquisition-related intangible assets by function and other operating income and expenses. 
 
 
NOTE 8 | ADJUSTED EARNINGS PER SHARE 
Specification of Adjusted earnings per share. Adjusted earnings per share excludes the impact from amortization and impairment of acquisition-related 
intangible assets and items affecting comparability. 
 
 
NOTE 9 | NET DEBT TO EBITDA LEVERAGE RATIO 
Specification of Net debt to EBITDA leverage ratio. 
 
  
 Q1 Q1 FY
SEK m 2025 2024 2024
Cost of goods sold
Amortization of technology -14 -18 - 70
Amortization of intellectual property -1 -1 -3
Total -14 -19 -7 3 
Sales expenses
Amortization trademarks -12 -14 - 55
Amortization of customer relationship assets -113 -115 - 465
Total -125 -128 - 520 
Other operating income and expenses
Impairment of goodwill - - - 2,000
Total - - - 2,000 
Total amortization and impairment of acquisition-related intangible assets -140 -147 - 2,593
Q1 Q1 FY
SEK m 2025 2024 2024
Profit before tax, reported 267 392 -1,970 
A) Adjustment for amortization and impairment of acquisition-related intangible assets 140 147 2,593
B) Adjustment for items affecting comparability 2 11 1,200
Profit before tax, adjusted 408 550 1,823 
Taxes, reported -87 -119 -332
Taxes, adjustment for A) and B) -41 -46 -465
Profit for the period, adjusted 281 385 1,026 
Average number of shares, million 319.5 319.5 319.5
Earnings per share, adjusted 0.88 1.21 3.21
SEK m Mar 31, 2025 Mar 31, 2024 Dec 31, 2024
Long-term borrowings 14,701 16,006 13,077
Short-term borrowings 838 299 2,388
Add-back capitalized transaction costs 53 38 37
Borrowings excluding capitalized transaction costs 15,592 16,343 15,501 
Total cash and cash equivalents -4,280 -3,347 -4,213 
Net Debt* 11,312 12,996 11,289 
EBITDA before items affecting comparability (i.a.c) LTM 3,389 4,321 3,587
EBITDA Acquisitions proforma LTM - - -
EBITDA before i.a.c. incl acquisitions proforma LTM 3,389 4,321 3,587 
Net debt to EBITDA leverage ratio 3.3x 3.0x 3.1x 
*Net debt excluding provision for pension and accrued interest

===== SIDA 17 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 17 
 
NOTE 10 | FREE CASH FLOW 
Specification of Free cash flow. 
 
NOTE 11 | TRANSACTIONS WITH RELATED PARTIES 
No transactions between Dometic and related parties that have significantly affected the company’s position and earnings took place during the first 
quarter 2025. 
NOTE 12 | ACQUISITIONS AND DIVESTMENTS 
Dometic has not made any acquisitions or divestments during the first quarter 2025.  
Effect on group cash flow  
The cash flow effect from paid deferred considerations is classified within Cash flow from investments on row “Acquisition of operations, net of cash 
acquired”. The cash flow effect from paid deferred considerations on previous acquisitions amounted SEK - m (-103) during the first quarter 2025. 
 
NOTE 13 | SIGNIFICANT EVENTS AFTER THE PERIOD 
At the 2025 Annual Shareholders Meeting held on April 15, 2025, Fredrik Cappelen was re-elected as member and Chairman of the Board of Directors. 
Heléne Vibbleus, Peter Sjölander, Jacqueline Hoogerbrugge, Rainer Schmückle, Mengmeng Du and Patrik Frisk were re-elected as members of the Board 
of Directors. The proposed dividend of SEK 1.30 per share was approved. 
There have been no other significant events that have impacted the financial reporting after the balance sheet date. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Q1 Q1 FY
SEK m 2025 2024 2024
Net cash flow from operations -68 109 3,869
Investments in intangible and tangible assets -110 -66 -379
Paid and received interest  -142 -170 -853
Payment of lease liabilites -90 -85 -352
Other  5 -1 20
Free cash flow -406 -213 2,304
Acqusitions and divestments - -103 -159
Financing exluding interest and lease amortization  899 -738 -2,340
Cash flow for the period 493 -1,054 -195

===== SIDA 18 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 18 
 
RECONCILIATION OF NON-IFRS MEASURES TO IFRS  
(ALTERNATIVE PERFORMANCE MEASURES) 
Dometic presents some financial measures in this interim report, which are not defined by IFRS. Dometic  believes that these measures provide valuable additional information to 
investors and management for evaluating the Group’s  financial performance, financial position and trends in the operations. It should be noted that these measures, as defined, 
may not be comparable to similarly titled measures used by other companies. These non -IFRS measures should not be considered as sub stitutes for financial reporting measures 
prepared in accordance with IFRS. See www.dometicgroup.com for the detailed reconciliation.  
Adjusted earnings per share Profit for the period, excluding the impact from amortization and impairment of acquisition-related intangible assets and items affecting 
comparability, divided by average number of shares.  See note 8. 
Average maturity of interest-
bearing debts 
Interest-bearing debts excluding provisions for pensions and capitalized transaction costs divided by the number of outstanding days 
until maturity. 
Core working capital and Core 
working capital / net sales 
Consists of inventories and trade receivables less trade payables.  Average core working capital from the previous four quarters divided by 
the last 12 months rolling net sales gives Core working capital/net sales. 
EBITDA and EBITDA margin Operating profit (EBIT) before amortization and depreciation. Depreciation also includes depreciation of right -of-use assets in accordance 
with IFRS 16 Leases, divided by net sales gives corresponding margin. 
EBITA and EBITA margin Operating profit (EBIT) before amortization and impairment of acquisition-related intangible assets, divided by net sales gives the margin. 
EBITA before i.a.c. and EBITA 
before i.a.c. margin 
Operating profit (EBIT) before amortization and impairment of acquisition-related intangible assets and items affecting comparability, 
divided by net sales gives corresponding margin . 
Free cash flow Cash flow for the period before acquisition/divestments and financing excluding interest net and lease amortization. 
Interest-bearing debt Total borrowings (including capitalized transaction costs) and provisions for pensions.   
Net debt Total borrowings incl provisions for pensions, accrued interest & capitalized transaction costs, less cash and cash equivalents. 
Net debt to EBITDA leverage 
ratio 
Net debt excluding provisions for pensions, accrued interest and capitalized transaction costs in relation to last twelve months EBITDA 
before items affecting comparability and including acquisitions proforma. Any cash deposits with tax authorities are treated as cash in the 
leverage calculation. See note 9.  
Operating capital Interest-bearing debt plus equity less cash and cash equivalents.  
Operating capital excluding 
goodwill and trademarks 
Interest-bearing debt plus equity less cash and cash equivalents, excluding goodwill and trademarks.  
Operating cash flow Cash flow from operations after investments in fixed assets excluding income tax paid. Paid interest/received interest is par t of net cash 
flow from financing. 
Organic growth Net sales growth excluding acquisitions/divestments /portfolio changes related to the ongoing Global Restructuring program  and 
currency translation effects. Quarters are calculated at comparable currency, with the latest period average rate. 
RoOC – Return on Operating 
Capital 
Operating profit (EBIT) for the four previous quarters, divided by the average operating capital for the four previous quarters, excluding 
goodwill and trademarks. 
DEFINITIONS AND KEY RATIOS 
CPV Commercial and Passenger Vehicles. 
Earnings per share (“EPS”) Profit for the period divided by average number of shares.  
FY 2024 Full Year. January to December 2024 for Income statement. 
i.a.c. – items affecting 
comparability 
Items affecting comparability are events or transactions with significant financial effects, which are relevant for understan ding the financial 
performance when comparing profit for the current period with previous periods. Items included are for example r estructuring programs, 
gains and losses from acquisitions or disposals of subsidiaries, or transaction costs related to major mergers and acquisitions. 
LTIFR Lost Time Injury Frequency Rate. Work related accidents with lost time (greater or equal to one day) per million actual working hours. 
Reporting period is YTD.  
LTM Last twelve months. 
OEM Original Equipment Manufacturers.  
Operating profit (EBIT) and 
corresponding margin 
Operating profit (EBIT) before financial items and taxes.  Divided by net sales gives corresponding margin.  
Product innovation index Share of net sales last 12 months from products launched within past three years. 
Q1 2025 and Q1 2024 January to March 2025 and 2024 for Income Statement. 
RV Recreational Vehicles. 
Share of female managers Percentage of female managers in the Group at the end of each period.  
Share of high-spend direct 
material suppliers assessed for 
sustainability 
This metric tracks the percentage of suppliers, covering the top 80 % of Group direct material spend that have been assessed for 
sustainability performance. Reporting period is YTD. 
Share of renewable electricity in 
operations 
Share of renewable electricity is defined as the electricity consumption from renewable sources (e.g. solar, wind, hydropower,  biofuels) 
over total electricity consumption of Dometic sites in scope. Reporting period is YTD.   
YTD Year to date. Accumulated for the period. January – March 2025 and 2024.

===== SIDA 19 =====

DOMETIC Q1 REPORT ─ SOLNA, APRIL 24, 2025 │ 19 
 
 
PRESENTATION OF THE REPORT 
Analysts and media are invited to participate in a telephone conference at 10.00 (CEST), April 24 , 2025, during which President and CEO, Juan Vargues 
and CFO, Stefan Fristedt, will present the report and answer questions. To participate in the webcast/telephone conference, please dial in five minutes 
prior to the start of the conference call. The webcast URL and presentation are available at www.dometicgroup.com. 
Webcast link: 
https://dometic.videosync.fi/2025-04-24-q1-2025/register 
 
 
TO PARTICIPATE IN CONFERENCE CALL TO ASK QUESTIONS  
Those who wish to participate in the conference call to ask questions in connection with the webcast are welcome to register on the link below. 
After the registration you will be provided phone numbers and a conference ID to access the conference. 
Registration link:   
https://service.flikmedia.se/teleconference/?id=5006203 
 
 
 
FOR FURTHER INFORMATION,  
PLEASE CONTACT  
Rikard Tunedal 
Head of Investor Relations  
Phone: +46 730 56 97 35 
E-mail: ir&dometicgroup.com 
Dometic Group AB (publ) 
Hemvärnsgatan 15 
SE-171 54 Solna, Sweden 
Phone: +46 8 501 025 00 
www.dometicgroup.com  
Corporate registration number 556829-4390 
 
This information is information that Dometic Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was 
submitted for publication, through the agency of the contact person set out above, at 07.30 CEST on April 24, 2025. 
This document is a translation of the Swedish version of the interim report. In the event of any discrepancy, the Swedish wording shall prevail. 
ABOUT DOMETIC 
Dometic is a global outdoor tech company on a mission to make mobile living easy.  
Leveraging our core expertise in cooling, heating, power & electronics, mobility, and space optimization, we empower more people to connect with nature 
and elevate their sense of freedom in the outdoors. We achieve this by creating smart, sustainable, and reliable products with outstanding design. Millions 
of people around the world use our products while camping and exploring nature with their cars, RVs, or boats. Our range of o fferings includes installed 
products for land vehicles and boats, as well as standalone solutions for outdoor enthusiasts.  
We employ approximately 7,000 people globally and sell our products in more than 100 countries. In 2024, we reported  net sales of SEK 25 billion (USD 
2.3 billion) and are headquartered in Stockholm, Sweden. 
DISCLAIMER 
Some statements herein are forward-looking and the actual outcome could be materially different. In addition to the factors explicitly commented upon, the 
actual outcome could be materially affected by other factors, (a) changes in economic, market and competitive conditions, (b)  success of busine ss and 
operating initiatives, (c) changes in the regulatory environment and other government actions, (d) fluctuations in exchange r ates and (e) business risk 
management. 
FINANCIAL CALENDAR 
July 15, 2025 
October 23, 2025 
January 28, 2026 
Interim report for the second quarter 2025 
Interim report for the third quarter 2025 
Q4 and Full Year 2025 report