Kvartalsrapport Q3 2024

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 1 
 
 
   
 
THIRD QUARTER 2024  FIRST NINE MONTHS 2024 
• Net sales were SEK 5,647 m (6,830); a decrease of -17%, of which -14% 
was organic growth.  
• Operating profit (EBITA1)) before items affecting comparability2) was SEK 
483 m (973), corresponding to a margin of 8.6% (14.3%).  
• Operating profit (EBIT) was negatively impacted by a non-cash goodwill 
impairment of SEK 2,000 m. 
• Operating profit (EBIT) was SEK -1,673 m (788), corresponding to a 
margin of -29.6% (11.5%). The margin was 5.8% (11.5%) excluding the 
goodwill impairment. 
• Profit for the quarter was SEK -1,921 m (412). 
• Earnings per share were SEK -6.01 (1.29). Adjusted earnings per share3) 
were SEK 0.59 (1.71). 
• Operating cash flow was SEK 1,269 m (2,125). Cash flow was SEK -506 
m (-1,961). A loan was amortized by USD 100 m in the quarter.  
• A restructuring program to accelerate strategy implementation is being 
assessed, details will be communicated before or in conjunction with 
the publication of the report for the fourth quarter 2024. 
 
 
 • Net sales were SEK 19,835 m (22,448); a decrease of -12%, of which  
-11% was organic growth.  
• Operating profit (EBITA1)) before items affecting comparability2) was SEK 
2,321 m (2,997), corresponding to a margin of 11.7% (13.4%).  
• Operating profit (EBIT) was negatively impacted by a non-cash goodwill 
impairment of SEK 2,000 m. 
• Operating profit (EBIT) was SEK-159 m (2,440), corresponding to a 
margin of -0.8% (10.9%). The margin was 9.3% (10.9%) excluding the 
goodwill impairment. 
• Profit for the period was SEK -1,205 m (1,281). 
• Earnings per share were SEK -3.77 (4.01). Adjusted earnings per share3) 
were SEK 3.56 (5.26). 
• Operating cash flow was SEK 3,445 m (4,718). Cash flow was SEK -569 
m (223).  
• Net debt to EBITDA leverage ratio4) was 3.0x (2.9x) at the end of the 
period. At the end of the second quarter 2024 the ratio was 2.9x. 
 
 
 
FINANCIAL OVERVIEW 
 
  
Q3 Q3 YT D YTD LTM FY
SEK m 2024 2023 2024 2023 2024 2023
Net sales 5,647 6, 830 19,835 22,448 25,162 27,775
Operating profit (E BITA¹ ⁾) before items affecting comparability²⁾ 483 973 2,321 2,997 2,787 3,463
% of net sales 8.6% 1 4.3% 11.7% 13.4% 11.1% 12.5%
Operating profit (E BITA¹ ⁾) 475 940 2,286 2,904 2,678 3,296
% of net sales 8.4% 1 3.8% 11.5% 12.9% 10.6% 11.9%
Operating profit (EBIT) -1,673 788 - 159 2,440 83 2,682
% of net sales -29.6% 11. 5% -0.8% 10.9% 0.3% 9.7%
Profit for the period -1,921 4 12 -1,205 1,281 -1,154 1,332
Earnings per share, SEK -6.01 1 .29 -3.77 4.01 -3.61 4.17
Adjusted earnings per share, SEK³⁾ 0. 59 1.71 3.56 5.26 4.23 5.93
Cash flow for the period -506 - 1,961 -569 223 -788 4
Operating cash flow 1,269 2, 125 3,445 4,718 3,931 5,205
Net debt to EBITDA leverage ratio⁴⁾ 3. 0x 2.9x 3.0x 2.9x 3.0x 2.7x
RoOC, excluding goodwill and trademarks 0.7% 20. 3% 0.7% 20.3% 0.7% 21.0%
⁴⁾F or specification see note 9
 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
²⁾S ee Note 6 Items affecting comparability
³⁾E xcludes the impact from amortization and impairment of acquisition-related intangible assets and items affecting comparability , for specification see note 8
 
¹⁾B efore Amortization and impairment of acquisition-related intangible assets
    
 
 
 
 
QUARTERLY REPORT 
Q3 2024 
Solna, October 23, 2024 
 
WEAKENED MARKET CONDITIONS IMPACTED FINANCIAL PERFORMANCE

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 2 
 
CEO COMMENTS  
As previously communicated our financial performance was severely impacted by 
weakened market conditions in the quarter. Despite the current market conditions, we 
remain committed to our strategic agenda. We continue to invest in product development 
and sales capabilities in strategic structural growth areas. At the same time we have 
reduced our workforce by more than 3,000 FTEs (Full time equivalents) over the past three 
years to improve efficiency. We will now accelerate the implementation of strategic 
improvements to take the next step on our transformation journey and a restructuring 
program is being assessed. Improvement activities will include cost reductions as well as an 
intensified focus to divest or exit non-strategic parts of our existing product portfolio. This 
will support margin expansion and release resources to invest and drive profitable growth 
and value creation in our strategic structural growth areas. We will come back with more 
detailed information about the program before or in conjunction with the publication of the 
report for the fourth quarter 2024.  
Organic net sales in the third quarter declined by 14 percent compared to the same quarter 
last year. The EBITA
1) margin fell to 8.6 percent (14.3), while operating cash flow was robust 
at SEK 1.3 b (2.1) compared to a strong third quarter 2023. The net debt to EBITDA 
leverage ratio was in line with expectations at 3.0x (2.9x). The cash flow focus remains high 
across the organization, and we are committed to achieving our net debt to EBITDA 
leverage ratio target of around 2.5x.
 
In the Service & Aftermarket sales channel organic net sales declined by 11 percent 
compared to the same quarter last year. Retail inventories are lower than last year; however 
customers are cautious about building inventories ahead of the low season. Usage of boats 
and Recreational Vehicles (RVs) remains high, but in the current macroeconomic situation 
we are seeing more consumers focusing on essential repairs and deferring upgrades to a 
greater extent. Service & Aftermarket net sales in the Land Vehicles EMEA segment 
remained stable while there was a decline in the other segments.  
Organic net sales in the Distribution sales channel fell by 10 percent compared to the same 
quarter last year. Net sales in the Mobile Cooling Solutions segment slowed down during 
the quarter, negatively impacted by a lower sell through to consumers combined with 
retailers’ focus on managing inventories. We continue to keep our strong market leading 
position, and with several new products ramping up, and more products in the pipeline, 
we will be in a strong position when the high season starts in 2025. During the quarter we 
launched two new series of Dometic branded Mobile Cooling boxes.  
Demand in the OEM (Original Equipment Manufacturer) sales channel remained weak 
driven by the existing destocking situation globally. Organic net sales declined by 20 
percent compared to the same quarter last year. As expected, we experienced an 
accelerated negative development in the quarter in the Land Vehicles EMEA and Land 
Vehicles APAC segments. 
The EBITA margin fell to 8.6 percent (14.3) as a consequence of lower net sales. In addition 
there was a significant negative impact on margin due to the decline in our Service & 
Aftermarket business. As a consequence of the macroeconomic situation and weakened 
market conditions, a non-cash goodwill impairment of SEK 2.0 b was performed in the 
quarter related to the Land Vehicles Americas segment. The impairment had no impact on 
EBITA, cash flow or on the net debt to EBITDA leverage ratio. 
Long-term trends in Mobile Living are strong as a growing number of consumers are 
enjoying the outdoors globally. However we expect the current challenging market 
conditions to remain throughout the year over a seasonally weak fourth quarter. In a market 
where the visibility is shorter than normal, we will stay proactive and continue 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 . 
 
OPERATING CASH FLOW , SEK M  
 
 
0
10,000
20,000
30,000
40,000
0
2,000
4,000
6,000
8,000
10,000
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2023 2024
LTMQ
Quarterly Last 12 months (LTM)
0%
5%
10%
15%
0
200
400
600
800
1,000
1,200
1,400
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2023 2024
LTMQ
Quarterly SEK, M Margin, Last 12 Months (LTM)
0
2,000
4,000
6,000
8,000
0
500
1,000
1,500
2,000
2,500
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2023 2024
LTMQ
Quarterly Last 12 months (LTM)

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 3 
 
FINANCIAL SUMMARY – 
THIRD QUARTER 2024 
Net sales were SEK 5,647 m (6,830), a decrease of -17% compared 
with the same quarter last year. This comprised -14% organic growth,  
-3% currency translation and 0% M&A. 
Gross profit was SEK 1,547 m (2,083) corresponding to 27.4% 
(30.5%) of net sales. The decline was mainly due to lower net sales 
leading to supply chain inefficiencies including increased factory cost 
variances.  
Sales and administrative expenses totaled SEK -890 m (-916). 
Investments in strategic structural growth areas continued and Sales and 
administrative expenses in percent of net sales increased to 15.8% 
(13.5%).  
Research and development expenses were SEK -142 m (-145) with 
continued investments in strategic structural growth areas. In addition 
Research and development expenses of SEK -13 m (-9) were capitalized 
in the quarter. In total, this corresponds to 2.7% (2.3%) of net sales. 
Other operating income and expenses were SEK -33 m (-48).  
Operating profit (EBITA) before amortization and impairment of 
acquisition-related intangible assets and items affecting 
comparability was SEK 483 m (973) corresponding to a margin of 
8.6% (14.3%). The decline was driven by lower net sales impacting the 
margin negatively in all segments. 
Amortization and impairment of acquisition-related intangible 
assets were SEK -2,148 m (-152). As a consequence of weakened 
market conditions, a non-cash goodwill impairment of SEK 2,000 m was 
performed in the quarter related to the Land Vehicles Americas segment. 
Items affecting comparability totaled SEK -8 m (-33).  
Operating profit (EBIT) was SEK -1,673 m (788). The corresponding 
margin was -29.6% (11.5%). The margin was 5.8% (11.5%) excluding the 
goodwill impairment of SEK 2,000 m. 
Financial items totaled a net amount of SEK -188 m (-184), whereof SEK 
-197 m (-246) in interest on external bank and bond loans. Other FX 
revaluations and other items amounted to SEK -34 m (13) and financial 
income amounted to SEK 43 m (48).  
Taxes totaled SEK -60 m (-192), corresponding to -3% (32%) of profit 
before tax. The tax rate was impacted by a goodwill impairment of SEK 
2,000 m. Excluding the impairment, the tax rate was 43% (32%) as a 
consequence of a country mix with more taxable profits in higher tax 
jurisdictions and non-tax deductible interest costs. Current tax 
amounted to SEK -123 m (-133) and deferred tax to SEK 63 m (-59). Paid 
tax was SEK -237 m (-176).  
Profit for the period was SEK -1,921 m (412). 
Earnings per share were SEK -6.01 (1.29). Adjusted earnings per share 
were SEK 0.59 (1.71). 
Operating cash flow was SEK 1,269 m (2,125). The deviation, 
compared to a strong third quarter 2023, was mainly related to lower 
operating profit and less working capital reduction in the third quarter 
2024 compared to the third quarter 2023. 
During the last 12 months, October 2023 - September 2024, average 
Core working capital in relation to net sales improved to 30% (32%).  
Cash flow was SEK -506 m (-1,961). Net cash flow from financing was 
SEK -1,484 m (-3,803). The net of paid and received interest was SEK  
-252 m (-288). The cash flow effect from short-term commercial papers 
was SEK -70 m (-). A term loan was amortized by USD 100 m in the 
quarter. A bond of EUR 300 m was repaid in the third quarter 2023. 
Net cash flow from investments was SEK -164 m (-224) of which SEK -56 
m (-107) payments of deferred considerations related to acquisitions 
completed previous years and SEK -110 m (-118) related to investments in 
fixed assets.  
Significant events after the quarter. After conducting an assessment 
of the carrying value of Dometic’s assets and considering the 
macroeconomic situation and weakened market conditions highlighted 
in a press release September 17, Dometic announced on October 18 
that a non-cash goodwill impairment of SEK 2.0 b would negatively 
impact the operating profit (EBIT) for segment Land Vehicles Americas in 
the third quarter 2024.  
Dometic will accelerate the implementation of strategic improvements 
to take the next step on its transformation journey and a restructuring 
program is being assessed. Improvement activities will include structural 
cost reductions as well as an intensified focus to divest or exit non-
strategic parts of the existing product portfolio. This will support margin 
expansion and release resources to invest and drive profitable growth 
and value creation in strategic structural growth areas. Dometic will 
come back with more detailed information about the program before or 
in conjunction with the publication of the report for the fourth quarter 
2024. 
There have been no other significant events that have impacted the 
financial reporting after the balance sheet date. 
 
FINANCIAL SUMMARY – 
FIRST NINE MONTHS 2024 
Net sales were SEK 19,835 m (22,448), a decrease of -12% compared 
with the same period last year. This comprised -11% organic growth, 0% 
currency translation and 0% M&A. 
Operating profit (EBITA) before amortization and impairment of 
acquisition-related intangible assets and items affecting 
comparability was SEK 2,321 m (2,997) corresponding to a margin of 
11.7% (13.4%). Gross profit in percent of net sales was 27.9% (28.3%). 
Sales and Administrative expenses as well as Research and development 
expenses in percent of net sales increased impacted by increased 
investments in strategic structural growth areas and lower net sales. This 
was partly offset by efficiency improvements.  
Amortization and impairment of acquisition-related intangible 
assets were SEK -2,445 m (-463). As a consequence of weakened 
market conditions, a non-cash goodwill impairment of SEK 2,000 m was 
performed in the period related to the Land Vehicles Americas segment. 
Items affecting comparability totaled SEK -36 m (-94) and were 
mainly related to segments Land Vehicles Americas and Land Vehicles 
EMEA.  
Operating profit (EBIT) was SEK -159 m (2,440). The corresponding 
margin was -0.8% (10.9%). The margin was 9.3% (10.9%) excluding the 
goodwill impairment of SEK 2,000 m. 
Financial items totaled a net amount of SEK -673 m (-641), whereof 
SEK -630 m (-670) in interest on external bank and bond loans. Other FX 
revaluations and other items amounted to SEK -122 m (-52) and financial 
income amounted to SEK 79 m (82).  
Taxes totaled SEK -373 m (-519), corresponding to -45% (29%) of profit 
before tax. The tax rate was impacted by a goodwill impairment of 
2,000 m. Excluding the impairment, the tax rate was 32% (29%) as a 
consequence of a country mix with more taxable profits in higher tax 
jurisdictions and non-tax deductible interest costs. Current tax 
amounted to SEK -558 m (-518) and deferred tax to SEK 185 m (-2). Paid 
tax was SEK -574 m (-584) corresponding to a paid tax rate of -69% 
(32%). Deferred tax recognized in the balance sheet on tax losses 
amounts to SEK 445 m of which SEK 182 m has been recognized in the 
period. The recognition is supported by future utilization based on 
business and strategic plans. 
Profit for the period was SEK -1,205 m (1,281). 
Earnings per share were SEK -3.77 (4.01). Adjusted earnings per 
share were SEK 3.56 (5.26).

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 4 
 
Operating cash flow was SEK 3,445 m (4,718). The deviation, was 
mainly related to lower operating profit and less working capital 
reduction in the first nine months of 2024 compared to the first nine 
months 2023. 
Cash flow was SEK -569 m (223). Net cash flow from financing was  
SEK -3,292 m (-3,384) including dividend paid SEK -607 m (-415). The 
net of paid and received interest was SEK -741 m (-660). The cash flow 
effect from short-term commercial papers was SEK 406 m (-). In the 
period Dometic repaid SEK 1,000 m of a long-term EKN-backed loan 
maturing in 2025. In addition, a term loan was amortized by USD 100 m 
in the period. 
Net cash flow from investments was SEK -408 m (-877) of which  
SEK -159 m (-525) payments of deferred considerations related to 
acquisitions completed previous years and SEK -260 m (-350) related to 
investments in fixed assets.  
Financial position. In March, 2024, Dometic refinanced part of its 
credit facilities agreement with its bank group:  
-A term loan of USD 333 m previously maturing in 2025, was extended 
until 2027 with option to extend two times, one year each time, and was 
amortized by USD 100 m in July 2024.  
-The RCF was increased by EUR 80 m to EUR 280 m.  
The credit facilities agreement for the term loan and the RCF was signed 
in March 2024 and came into effect in July 2024. This extended the debt 
maturity profile for Dometic. 
In addition, the floating rate term loan of USD 220 m and the RCF were 
both extended with one year by way of an extension option, both with 
an option to extend for another year. 
Dometic’s commercial papers program with a framework of SEK 3,000 
m, had SEK 406 m (-) outstanding at the end of the period.  
Net debt to EBITDA leverage ratio was 3.0x (2.9x) at the end of the 
period. At the end of the second quarter 2024 the ratio was 2.9x. The 
average maturity of interest-bearing debts was 2.3 years (2.8) at the end 
of the period. 
Return on Operating Capital (RoOC) excluding goodwill and 
trademarks was 0.7% (20.3%). Excluding the goodwill impairment of 
SEK 2,000 m, the ratio was 17.6% (20.3%). 
Employees. Number of employees in terms of headcount was 7,259 
(7,634) at the end of the period.

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 5 
 
FINANCIAL PERFORMANCE BY SEGMENT 
 
Compared to the restated financials communicated on March 27, 2024, an additional minor adjustment in historic financials for segments Land Vehicles APAC and Land Vehicles EMEA has been 
performed. On a full year 2023 basis, SEK 43 m in Net sales and SEK 6 m in EBITA before i.a.c. have been transferred from segment Land Vehicles EMEA to segment Land Vehicles APAC. These two 
segments have also been adjusted accordingly for 2023 by quarter and 2024 Q1. There is no change on the other reporting segments or on Group total. For updated segment financials, see  
https://www.dometicgroup.com/en-us/investors/financial-reports/restated-financials 
 
SEGMENT LAND VEHICLES AMERICAS  
THIRD QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Land Vehicles Americas reported net sales of SEK 886 m (1,191), representing 16% (17%) of Group net sales. Total growth was  
-26%, of which -23% was organic growth, -3% currency translation and 0% M&A. The organic net sales decline was attributable to all sales 
channels. 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK -73 m (20), corresponding to a margin of -8.2% (1.7%). The decline was due to lower net sales, partly offset by cost reductions. 
Operating profit (EBIT) was SEK -2,091 m (-1), corresponding to a margin of -235.9% (-0.1%) negatively impacted by a non-cash goodwill 
impairment of SEK 2,000 m.  
SEGMENT LAND VEHICLES EMEA  
THIRD  QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Land Vehicles EMEA reported net sales of SEK 1,421 m (1,638), representing 25% (24%) of Group net sales. Total growth was  
-13%, of which -12% was organic growth, -2% currency translation and 0% M&A. The organic net sales decline was driven by lower net 
sales in the OEM sales channel. Organic net sales in the Service & Aftermarket sales channel was stable compared to the same quarter last 
year. 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 93 m (207), corresponding to a margin of 6.5% (12.6%). The decline was due to lower net sales, partly offset by cost reductions and a 
sales mix with a higher share of net sales in the Service & Aftermarket sales channel. Operating profit (EBIT) was SEK 72 m (167), 
corresponding to a margin of 5.0% (10.2%). 
Q3 Q3 YTD YT D
SEK m 2024 2023 R eported Organic¹⁾ 2024 2023 Reported Organic¹⁾
Land Vehicles Americas 886 1,191 - 26% -23% 2,751 3,398 -19% -18%
Land Vehicles EMEA 1,421 1,638 - 13% -12% 4,956 5,370 -8% -8%
Land Vehicles APAC 298 377 - 21% -19% 952 1,106 -14% -12%
Marine 1,277 1,529 - 16% -13% 4,313 5,092 -15% -15%
Mobile Cooling Solutions 1,242 1,429 - 13% -9% 4,972 5,391 -8% -7%
Global Ventures 522 667 - 22% -19% 1,891 2,091 -10% -9%
Net sales 5,647 6,830 -1 7% -14% 19,835 22,448 -12% -11%
Land Vehicles Americas -73 20 - 180 -107
Land Vehicles EMEA 93 207 546 594
Land Vehicles APAC 77 121 274 346
Marine 247 367 959 1, 317
Mobile Cooling Solutions 91 145 475 527
Global Ventures 48 113 246 3 19
Operating profit (EBITA²⁾) b efore i.a.c.³ ⁾ 483 973 2,321 2,997
Land Vehicles Americas -8.2% 1.7% - 6.5% -3.1%
Land Vehicles EMEA 6.5% 12.6% 11. 0% 11.1%
Land Vehicles APAC 25.9% 32.1% 28. 8% 31.3%
Marine 19.3% 24.0% 22. 2% 25.9%
Mobile Cooling Solutions 7.3% 10.2% 9. 6% 9.8%
Global Ventures 9.2% 16.9% 1 3.0% 15.3%
Operating profit (EBITA) before i.a.c. % 8.6% 14.3% 11. 7% 13.4%
Change (%)
¹⁾Net sales growth excluding acquisitions/d ivestments and currency translation effects . 
²⁾Before amortization and impairment of acquisition-re lated intangible assets . 
 
³⁾See note 4 for Operating profit ( E BIT) by segment and note 6 for details on i.a.c . (items affecting comparabilty) . 
Change (%)

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 6 
 
SEGMENT LAND VEHICLES APAC  
THIRD  QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Land Vehicles APAC reported net sales of SEK 298 m (377), representing 5% (6%) of Group net sales. Total growth was -21%, of 
which -19% was organic growth, -1% currency translation and 0% M&A. The organic net sales decline was mainly due to lower net sales in 
the OEM and Service & Aftermarket sales channels. This was partly offset by net sales growth in the Distribution sales channel. 
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 77 m (121), corresponding to a margin of 25.9% (32.1%). The decline was due to lower net sales, partly offset by cost reductions. 
Operating profit (EBIT) was SEK 75 m (118), corresponding to a margin of 25.1% (31.4%). 
SEGMENT MARINE  
THIRD  QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Marine reported net sales of SEK 1,277 m (1,529), representing 23% (22%) of Group net sales. Total growth was -16%, of which  
-13% was organic growth, -4% currency translation and 0% M&A. The organic net sales decline was mainly due to lower net sales in the 
OEM sales channel. Organic net sales in the Service & Aftermarket sales channel showed a single-digit decline. 
Operating profit (EBITA) before amortization and impairiment of acquisition-related intangible assets and items affecting comparability was 
SEK 247 m (367), corresponding to a margin of 19.3% (24.0%). The decline was due to lower net sales, partly offset by cost reductions and 
a sales mix with a higher share of net sales in the Service & Aftermarket sales channel. Operating profit (EBIT) was SEK 196 m (318), 
corresponding to a margin of 15.4% (20.8%).  
SEGMENT MOBILE COOLING SOLUTIONS 
THIRD  QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Mobile Cooling Solutions reported net sales of SEK 1,242 m (1,429), representing 22% (21%) of Group net sales. Total growth 
was -13%, of which -9% was organic growth, -4% currency translation and 0% M&A.  
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 91 m (145), corresponding to a margin of 7.3% (10.2%). The decline was due to lower net sales, partly offset by cost reductions. 
Operating profit (EBIT) was SEK 43 m (92), corresponding to a margin of 3.5% (6.4%).  
SEGMENT GLOBAL VENTURES 
THIRD  QUARTER 2024 NET SALES AND OPERATING PROFIT  
Segment Global Ventures reported net sales of SEK 522 m (667), representing 9% (10%) of Group net sales. Total growth was -22%, of 
which -19% was organic growth, -3% currency translation and 0% M&A. The organic net sales in subsegment Mobile Power Solutions 
declined mainly due to lower net sales in the OEM sales channel. The organic net sales in subsegment Other Global Ventures declined due 
to lower net sales in the Residential business.  
Operating profit (EBITA) before amortization and impairment of acquisition-related intangible assets and items affecting comparability was 
SEK 48 m (113), corresponding to a margin of 9.2% (16.9%). The decline was due to lower net sales. Operating profit (EBIT) was SEK 32 m 
(94), corresponding to a margin of 6.1% (14.1%).

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 7 
 
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 actual results, baselines, and targets in the table below, except for Product Innovation Index, exclude acquisitions made in 2021 and 2022. The 
integration of these acquired companies is underway, and for some KPIs, the actual results including these acquisitions are provided in the text 
below. 
 
 
LTIFR (Lost Time Injury Frequency Rate). LTIFR for the third quarter was 1.9 (1.9), with a target to be below 2.0. Injury prevention efforts within 
the organization persists, focusing on learning from past incidents, enhancing routines, and fostering an open dialogue and reporting climate. With 
the acquisitions made in 2021 and 2022, the actual result was 1.5. 
Share of female managers. The share of female managers has improved to 30% (28%). 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. Including acquisitions made in 2021 and 2022, the 
share of female managers actual result was 30%. 
CO
2 ton4)/net sales SEK m. The emissions for Scope 1 and 2, in relation to net sales, have decreased to -45% (-46%), while absolute emissions 
have decreased by -46% (-39%), both compared to the baseline year (2020). Reductions have been achieved primarily through energy efficiency 
measures and a transition to renewable electricity sources.  
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 
the third quarter has improved to 20% (16%).  
Share of new suppliers being ESG audited. Dometic prioritizes the auditing of its suppliers to ensure that business partners understand and 
comply with Dometic’s Code of Conduct and sustainability requirements. During the third quarter of 2024, 87% (98%) of new critical direct material 
suppliers underwent ESG compliance audits, with satisfactory outcomes. Audits for the remaining new direct material suppliers are planned for the 
fourth quarter of 2024. 
4) Scope 1 and 2 emissions represented by fuel combustion, electricity and district heating used on operation sites.  
Focus area KPI Actual result Previous year⁽²⁾ B aseline (Year)⁽³⁾ Target (Year)
People LTIFR 1,9 1,9 2,4 (2021) <2.0 (2024)
People Share of female managers 30% 28% 24% (2021) 27% (2024) 
Planet Reduction in CO₂ ton / net sales 
SEK m⁽¹⁾ -45% -46% 2,0  (2020) -30% (2024)
Planet Product Innovation index 20% 16% n/a 25% (n/a) 
Governance Share of new suppliers being ESG 
audited 87% 98% n/a >90% (2024) 
²⁾ Previous year refers to actual results for the same reporting period previous year. 
 ¹⁾Adjusted for acquisitions and currency translation effects.
³⁾Baseline refers to actual results (and year) used as starting point for Dometic's  targets.

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 8 
 
PARENT COMPANY DOMETIC GROUP AB (PUBL) 
THIRD  QUARTER 2024 
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 1 m (-1), including administrative expenses of SEK -51 m (-61) and other operating income of SEK 51 m (59), of 
which the full amount relates to income from Group companies. Net financial expenses totaled SEK 19 m (146). 
Result for the period amounted to SEK 25 m (-8). 
FIRST NINE MONTHS 2024  
Operating profit amounted to SEK 5 m (-4), including administrative expenses of SEK -176 m (-168) and other operating income of SEK 182 m (164), 
of which the full amount relates to income from Group companies. Net financial expenses totaled SEK 1,623 m (-560) including a dividend of SEK 
1,800 (-) from group companies. 
Result for the period amounted to SEK 1,634 m (-12). 
Solna, October 23, 2024 
 
 
Juan Vargues 
President and CEO  
 
 
AUDITORS’ REVIEW REPORT (translation of Swedish original) 
  
Dometic Group AB (publ) reg. no. 556829-4390 
Introduction 
We have reviewed the condensed interim financial information (interim report) of Dometic Group AB (publ) as of 30 September 2024 and the nine-
month period then ended. The board of directors and the CEO are responsible for the preparation and presentation of the interim financial 
information in accordance with IAS 34 and the Swedish Annual Accounts Act. Our responsibility is to express a conclusion on this interim report 
based on our review. 
Scope of Review 
We conducted our review in accordance with the International Standard on Review Engagements ISRE 2410, Review of Interim Report Performed 
by the Independent Auditor of the Entity. A review consists of making inquiries, primarily of persons responsible for financial and accounting 
matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with 
International Standards on Auditing, ISA, and other generally accepted auditing standards in Sweden. The procedures performed in a review do 
not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not 
express an audit opinion. 
Conclusion 
Based on our review, nothing has come to our attention that causes us to believe that the interim report is not prepared, in all material respects, in 
accordance with IAS 34 and the Swedish Annual Accounts Act, regarding the Group, and with the Swedish Annual Accounts Act, regarding the 
Parent Company. 
 
Stockholm, October 23, 2024 
Öhrlings PricewaterhouseCoopers AB 
 
 
Patrik Adolfson    
Authorized Public Accountant   
Auditor in charge    
 
ANNUAL GENERAL MEETING 2025 
Dometic Group’s Annual General Meeting will be held on April 15, 2025, in Stockholm. 
NOMINATION COMMITTEE – ANNUAL GENERAL MEETING 2025 
In accordance with the resolution adopted by the 2024 Annual General Meeting (AGM), the Nomination Committee ahead of the 2025 AGM shall 
be composed of the Chairman of the Board of Directors together with one representative from each of the three largest shareholders, based on the 
ownership structure at August 31, 2024. Further details about the Nomination Committee are available on the website. www.dometicgroup.com

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 9 
 
 
CONSOLIDATED INCOME STATEMENT 
 
CONSOLIDATED STATEMENT 
OF COMPREHENSIVE INCOME 
 
 
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Net sales 5,647 6,830 19,835 22,448 27,775
Cost of goods sold -4,100 -4,747 -14,299 -16,103 -19,994
Gross Profit 1,547 2,083 5,536 6,345 7,781
 
Sales expenses -530 -540 -1,650 -1,694 -2,184
Administrative expenses -360 -377 -1,113 -1,174 -1,530
Research and development expenses -142 -145 -440 -449 -591
Other operating income and expenses -33 -48 -11 -30 -13
Items affecting comparability -8 -33 -36 -94 -167
Amortization and impairment of acquisition-related intangible assets -2,148 -152 -2,445 -463 -613
Operating profit -1,673 788 -159 2,440 2,682
 
Financial income 43 48 79 82 168
Financial expenses -232 -232 -752 -722 -968
Net financial expenses -188 -184 -673 -641 -800
 
Profit before tax -1,861 604 -832 1,800 1,883
 
Taxes -60 -192 -373 -519 -551
Profit for the period -1,921 412 -1,205 1,281 1,332
 
Profit for the period attributable to owners of the Parent Company -1,921 412 -1,205 1,281 1,332
Earnings per share before and after dilution, SEK - Owners of the Parent Company -6.01 1.29 -3.77 4.01 4.17
Adjusted earnings per share, SEK 0.59 1.71 3.56 5.26 5.93
Average number of shares, million 319.5 319.5 319.5 319.5 319.5
 
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Profit for the period -1,921 412 -1,205 1,281 1,332
Other comprehensive income 
Items that will not be reclassified subsequently to profit or loss: 
Remeasurements of defined benefit pension plans, 
net of tax -13 35 33 52 8
 -13 35 33 52 8
Items that may be reclassified subsequently to profit or loss: 
Cash flow hedges, net of tax - 35 4 20 3
Gains/losses from hedges of net investments in foreign operations, net of tax 260 156 -167 -438 156
Exchange rate differences on translation of foreign operations -1,381 -605 696 1,292 -1,507
 -1,122 -415 533 874 -1,348
Other comprehensive income for the period -1,134 -380 566 926 -1,339
 
Total comprehensive income for the period attributable 
 to the owner of the Parent Company -3,056 33 -639 2,206 -7

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 10 
 
CONSOLIDATED  
BALANCE SHEET (IN SUMMARY) 
 
 
SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023
ASSETS 
Non-current assets 
Goodwill and trademarks 25,411 28,795 28,343 27,035
Other intangible assets 6,469 7,462 6,889 6,821
Tangible assets 2,369 2,541 2,489 2,494
Right-of-use assets 1,809 1,213 1,996 1,955
Deferred tax assets 862 513 790 718
Other non-current assets 250 183 175 181
Total non-current assets 37,170 40,707 40,683 39,204
 
Current assets 
Inventories 6,341 7,751 6,742 7,327
Trade receivables 2,630 3,083 3,843 2,311
Current tax assets 91 117 80 127
Derivatives, current 4 57 6 21
Other current receivables 396 532 446 533
Prepaid expenses and accrued income 197 250 203 248
Cash and cash equivalents 3,804 4,633 4,326 4,348
Total current assets 13,463 16,423 15,647 14,915
TOTAL ASSETS 50,633 57,130 56,330 54,119
 
EQUITY AND LIABILITIES 
 
EQUITY 24,746 28,205 27,802 25,992
 
LIABILITIES 
Non-current liabilities 
Long-term borrowings 12,494 17,066 13,874 16,335
Deferred tax liabilities 2,920 3,178 3,013 2,952
Other non-current liabilities 4 - 0 -
Leasing liabilities, non-current 1,659 966 1,731 1,716
Provisions for pensions 488 494 487 517
Other provisions, non-current 233 232 242 237
Total non-current liabilities 17,797 21,937 19,347 21,755
 
Current liabilities 
Short-term borrowings 2,401 - 2,471                    -
Trade payables 2,403 2,738 2,882 2,568
Current tax liabilities 69 238 195 160
Advance payments from customers 33 70 29 37
Leasing liabilities, current 425 379 444 388
Derivatives, current 14 116 23 134
Other provision, current 441 497 435 412
Other current liabilities 999 1,417 1,176 1,266
Accrued expenses and prepaid income 1,306 1,533 1,528 1,407
Total current liabilities 8,090 6,988 9,183 6,372
TOTAL LIABILITIES 25,887 28,925 28,529 28,128
TOTAL EQUITY AND LIABILITIES 50,633 57,130 56,330 54,119

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 11 
 
CONSOLIDATED STATEMENT 
OF CHANGES IN EQUITY (IN SUMMARY) 
 
 
  
YTD YTD FY
SEK m 2024 2023 2023
Opening balance for the period 25,992 26,415 26,415
Profit for the period -1,205 1,281 1,332
Other comprehensive income for the period  566 926 -1,339
Total comprehensive income for the period  -639 2,206 -7
 
Transactions with owners 
Dividend paid to shareholders of the Parent Company -607 -415 -415
Total transactions with owners -607 -415 -415
 
Closing balance for the period 24,746 28,205 25,992

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 12 
 
CONSOLIDATED STATEMENT  
OF CASH FLOW 
 
 
  
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Cash flow from operating activities 
Operating profit -1,673 788 -159 2,440 2,682
Adjustment for non-ca sh items 
Amortization, depreciation and impairment losses 2,372 383 3,136 1,132 1,525
Other non-cash items -193 -46 -146 174 -13
Cha nges in working ca pita l 
Changes in inventories 168 551 1,109 1,864 1,826
Changes in trade receivables 1,139 1,079 -298 -186 444
Changes in trade payables -409 -319 -197 -302 -328
Changes in other working capital -25 -193 261 -53 -304
Income tax paid -237 -176 -574 -584 -979
Net cash flow from operations 1,141 2,067 3,131 4,484 4,854
 
Cash flow from investments 
Acquisition of operations, net of cash acquired -56 -107 -159 -525 -539
Investments in fixed assets -110 -118 -260 -350 -628
Proceeds from sale of fixed assets 1 2 1 2 7
Other investing activities 1 -1 10 -4 -5
Net cash flow from investments -164 -224 -408 -877 -1,165
 
Cash flow from financing 
Raised long-term borrowings - - - 3,478 3,478
Repayment of long-term borrowings -1,056 -3,582 -2,056 -5,754 -5,754
Changes in short-term borrowings -70 - 406 - -
Payment of lease liabilities related to lease agreements -69 -95 -245 -270 -355
Paid interest -263 -335 -776 -737 -922
Received interest 11 47 35 77 160
Other financing activities -38 163 -48 237 123
Dividend paid to shareholders of the Parent Company 0 - -607 -415 -415
Net cash flow from financing -1,484 -3,803 -3,292 -3,384 -3,685
 
Cash flow for the period -506 -1,961 -569 223 4
 
Cash and cash equivalents at beginning of period 4,326 6,614 4,348 4,399 4,399
Exchange differences on cash and cash equivalents -16 -21 24 10 -55
Cash and cash equivalents at end of period 3,804 4,633 3,804 4,633 4,348

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 13 
 
PARENT COMPANY 
INCOME STATEMENT 
 
  
 PARENT COMPANY 
 BALANCE SHEET (IN SUMMARY) 
  
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Administrative expenses -51 -61 -176 -168 -235
Other operating income 51 59 182 164 229
Operating profit  1 -1 5 -4 -6
 
Interest income from Group companies 174 237 583 659 855
Result from participation in group companies - - 1,800 - -
Other financial income and expenses -156 -91 -760 -1,220 -1,198
Net financial expenses 19 146 1,623 -560 -343
 
Group contributions - -145 - 564 -
Result before tax 19 - 1,628 - -349
 
Taxes 5 -8 5 -12 29
Result for the period 25 -8 1,634 -12 -320
Other comprehensive income - - - - -
Total comprehensive income 25 -8 1,634 -12 -320
 
SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023
ASSETS 
Non-current assets 
Shares in subsidiaries 16,228 16,228 16,228 16,228
Other non-current assets 6,975 6,575 8,286 6,123
Total non-current assets 23,203 22,803 24,514 22,351
 
Current assets 
Current assets 4,365 6,268 4,552 5,740
Total current assets 4,365 6,268 4,552 5,740
TOTAL ASSETS 27,568 29,071 29,065 28,091
 
EQUITY 12,352 11,633 12,327 11,325
 
PROVISIONS 
Provisions 115 99 102 107
Total provisions 115 99 102 107
 
LIABILITIES 
Non-current liabilities 
Non-current liabilities 12,494 17,066 13,874 16,335
Total non-current liabilities 12,494 17,066 13,874 16,335
 
Current liabilities 
Current liabilities 2,607 274 2,763 324
Total current liabilities 2,607 274 2,763 324
TOTAL LIABILITIES 15,217 17,439 16,739 16,766
TOTAL EQUITY AND LIABILITIES 27,568 29,071 29,065 28,091

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 14 
 
CONDENSED NOTES 
NOTE 1 | ACCOUNTING PRINCIPLES 
Dometic Group AB (publ) and its subsidiaries (together “the Dometic 
Group”, “Dometic” or “the Group”) 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 2023 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–
21 and pages 1–13 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 2024 adopted 
by the group  
A detailed description of the accounting and valuation principles for new 
or amended accounting policies for 2024 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 2024, of the 2023 
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 60- 64 and on pages 89-92 in the 2023 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. The parties are currently involved in the 
discovery process and trial is expected to take place in the first quarter, 
2025.  
As communicated September 17, 2024, the current macroeconomic 
situation and market conditions, including high interest rates, lower 
consumer spend and customer purchasing patterns, are having a 
negative impact on Group net sales. Long-term trends in the Mobile 
Living industry are strong. However the current macroeconomic 
situation, market conditions and customer purchasing patterns have a 
negative impact on the business in all sales channels, which is expected 
to remain throughout the year. Demand visibility has turned shorter than 
normal and the situation worsened during the third quarter as customers 
are cautious building inventories as the low season approaches.
  
Dometic will accelerate the implementation of strategic improvements 
to take the next step on its transformation journey and a restructuring 
program is being assessed. Improvement activities will include structural 
cost reductions as well as an intensified focus to divest or exit non-
strategic parts of the existing product portfolio. This will support margin 
expansion and release resources to invest and drive profitable growth 
and value creation in strategic structural growth areas. Dometic will 
come back with more detailed information about the program before or 
in conjunction with the publication of the report for the fourth quarter 
2024. 
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 4 m 
(57) and SEK 14 m (116). 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. 
 
NOTE 4 | SEGMENT INFORMATION 
As communicated on March 27, 2024, all comparative periods have 
been restated according to the new segment reporting structure. 
Disclosures of segment information in Note 4 (see next page) has been 
restated accordingly.  
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sep 30, 2024
Balance sheet 
carrying amount
Financial 
instruments at 
amortized cost
Financial 
instruments at 
fair value
Derivatives used 
for hedging
Per category 
Derivatives 4 - 4 -
Financial assets 7,080 7,080 - -
Total financial assets 7,083 7,080 4 -
Derivatives 14 - 3 11
Financial liabilities 18,301 17,566 735 -
Total financial liabilities 18,314 17,566 738 11

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 15 
 
SEGMENT INFORMATION 
 
  
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023 
Land Vehicles Americas 886 1,191 2,751 3,398 4,206
Land Vehicles EMEA 1,421 1,638 4,956 5,370 6,739
Land Vehicles APAC 298 377 952 1,106 1,478
Marine 1,277 1,529 4,313 5,092 6,492
Mobile Cooling Solutions 1,242 1,429 4,972 5,391 6,243
Global Ventures 522 667 1,891 2,091 2,616
Total Net sales, external 5,647 6,830 19,835 22,448 27,775 
Land Vehicles Americas -73 20 -180 -107 -158
Land Vehicles EMEA 93 207 546 594 625
Land Vehicles APAC 77 121 274 346 454
Marine 247 367 959 1,317 1,626
Mobile Cooling Solutions 91 145 475 527 547
Global Ventures 48 113 246 319 370
Total Operating profit (EBITA) before items affecting comparability 483 973 2,321 2,997 3,463 
Land Vehicles Americas -8.2% 1.7% -6.5% -3.1% -3.8%
Land Vehicles EMEA 6.5% 12.6% 11.0% 11.1% 9.3%
Land Vehicles APAC 25.9% 32.1% 28.8% 31.3% 30.7%
Marine 19.3% 24.0% 22.2% 25.9% 25.0%
Mobile Cooling Solutions 7.3% 10.2% 9.6% 9.8% 8.8%
Global Ventures 9.2% 16.9% 13.0% 15.3% 14.1%
Total Operating profit (EBITA) before items affecting comparability % 8.6% 14.3% 11.7% 13.4% 12.5% 
Land Vehicles Americas -2,018 -18 -2,053 -57 -75
Land Vehicles EMEA -14 -15 -42 -46 -60
Land Vehicles APAC -2 -2 -7 -6 -10
Marine -50 -49 -150 -149 -199
Mobile Cooling Solutions -47 -48 -141 -141 -189
Global Ventures -16 -19 -52 -63 -81
Total amortization and impairment of acqusition-related intangible assets -2,148 -152 -2,445 -463 -613 
Land Vehicles Americas 0 -3 -17 -7 -11
Land Vehicles EMEA -7 -25 -13 -69 -131
Land Vehicles APAC 0 0 -3 -3 -4
Marine - 0 - 0 0
Mobile Cooling Solutions -1 -5 -3 -15 -22
Global Ventures - - - - -
Total Items affecting comparability  -8 -33 -36 -94 -167 
Land Vehicles Americas -2,091 -1 -2,250 -171 -244
Land Vehicles EMEA 72 167 491 479 435
Land Vehicles APAC 75 118 265 336 441
Marine 196 318 810 1,168 1,427
Mobile Cooling Solutions 43 92 331 372 336
Global Ventures 32 94 194 256 289
Total Operating profit (EBIT) -1,673 788 -159 2,440 2,682 
Land Vehicles Americas -235.9% -0.1% -81.8% -5.0% -5.8%
Land Vehicles EMEA 5.0% 10.2% 9.9% 8.9% 6.4%
Land Vehicles APAC 25.1% 31.4% 27.8% 30.4% 29.8%
Marine 15.4% 20.8% 18.8% 22.9% 22.0%
Mobile Cooling Solutions 3.5% 6.4% 6.7% 6.9% 5.4%
Global Ventures 6.1% 14.1% 10.3% 12.2% 11.0%
Total Operating profit (EBIT) % -29.6% 11.5% -0.8% 10.9% 9.7% 
Financial income 43 48 79 82 168
Financial expenses -232 -232 -752 -722 -968
Taxes -60 -192 -373 -519 -551
Profit for the period -1,921 412 -1,205 1,281 1,332

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 16 
 
Inter -segment sales  
 
NOTE 5 | NET SALES BY SALES CHANNEL 
 
NOTE 6 |  ITEMS AFFECTING COMPARABILITY 
 
Specification of items affecting comparability by function and other operating income and expenses  
 
 
 
 
 
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Land Vehicles Americas 72 52 311 166 213
Land Vehicles EMEA 100 63 308 186 236
Land Vehicles APAC 428 647 1,730 1,952 2,457
Marine 28 6 71 26 31
Mobile Cooling Solutions 27 - 56 - -
Global Ventures 7 - 11 - -
Total eliminations 663 767 2,487 2,329 2,937
Q3 Q3 YT D YTD
SEK m 2024 2023 R eported Organic¹⁾ 2024 2023 Reported Organic¹⁾ 
OEM 2,182 2, 828 -23% -20% 7,701 9,278 -17% -17%
Distribution 1,696 1 ,952 -13% -10% 6,436 7,010 -8% -8%
Service & Aftermarket 1,768 2, 051 -14% -11% 5,698 6,160 -8% -7%
Total net sales, external 5,647 6, 830 -17% -14% 19,835 22,448 -12% -11%
¹⁾N et sales growth excluding acquisitions / divestments and currency translation effects.
Change (%) Change (%)
Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Global restructuring program - -25 - -74 -142
Other -8 -9 -36 -20 -25
Total -8 -33 -36 -94 -167
Global restructuring program Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Cost of goods sold - -17 - -62 -107
Sales expenses - -6 - -8 -27
Administrative expenses - -2 - -2 -5
Research and development expenses - - - - -
Other operating income and expenses - 1 - -2 -2
Total - -25 - -74 -142
Other Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Cost of goods sold - -1 -24 -1 -1
Sales expenses - 1 1 2 3
Administrative expenses - - -1 - -
Research and development expenses - - - - -
Other operating income and expenses -8 -9 -12 -21 -28
Total -8 -9 -36 -20 -25
 
Total Q3 Q3 YTD YTD FY
SEK m 2024 2023 2024 2023 2023
Cost of goods sold - -18 -24 -63 -108
Sales expenses - -5 1 -6 -24
Administrative expenses - -2 -1 -2 -5
Research and development expenses - - - - -
Other operating income and expenses -8 -8 -12 -23 -30
Total -8 -33 -36 -94 -167

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 17 
 
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. 
 
 
 
 
 
 
 
 
 
SEK m
Impairment of 
Goodwill
Amortization 
Trademarks
Amortization of 
Customer 
Relationship 
Assets
Amortization of 
Technology
Amortization of 
Intellectual 
Property Total
Cost of goods sold
Q3 2024 - - - -1 8 -2 -20
Q3 2023 - - - -1 9 1 -18
YTD 2024 - - - -5 5 -3 -58
YTD 2023 - - - -5 5 -2 -57
FY 2023 - - - -7 3 -3 -77  
Sales expenses
Q3 2024 - -14 - 114 - - -127
Q3 2023 - -15 - 119 - - -134
YTD 2024 - -41 - 346 - - -387
YTD 2023 - -58 - 348 - - -406
FY 2023 - -71 - 465 - - -537
Other operating income and expenses
Q3 2024 -2,000 - - - - - 2,000
Q3 2023 - - - - - -
YTD 2024 -2,000 - - - - - 2,000
YTD 2023 - - - - - -
FY 2023 - - - - - -
Q3 2024 -2,000 -14 - 114 -18 -2 -2,148
Q3 2023 - -15 - 119 -19 1 -152
YTD 2024 -2,000 -41 - 346 -55 -3 -2,445
YTD 2023 - -58 - 348 -55 -2 -463
FY 2023 - -71 - 465 -73 -3 -613
Total amortization and impairment of 
acquisition-related intangible assets 
Q3 Q3 YT D YTD FY
SEK m 2024 2023 2024 2023 2023
Profit before tax, reported -1,861 604 -832 1 ,800 1,883 
A) Adjustment for amortization and impairment of acquisition-related intangible assets 2,148 15 2 2,445 463 613
B) Adjustment for items affecting comparability 8 33 36 94 16 7
Profit before tax, adjusted 295 789 1 ,648 2,357 2,663 
Taxes, reported -60 - 192 -373 -519 -551
Taxes, adjustment for A) and B) -45 - 50 -139 -157 -218
Profit for the period, adjusted 190 548 1, 137 1,681 1,895 
Average number of shares, million 319.5 31 9.5 319.5 319.5 319.5
Earnings per share, adjusted 0.59 1 .71 3.56 5.26 5.93

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 18 
 
NOTE 9 | NET DEBT TO EBITDA LEVERAGE RATIO 
Specification of Net debt to EBITDA leverage ratio. 
 
 
SEK m Sep 30, 2024 Sep 30, 2023 Jun 30, 2024 Dec 31, 2023
Long-term borrowings 12,494 17,066 13,874 16,335
Short-term borrowings 2,401 - 2,471 -
Add back capitalized transaction costs 44 47 41 43
Borrowings excluding capitalized transaction costs 14,939 17,113 16,386 16,377 
Total cash and cash equivalents -3,804 -4,633 -4,326 -4,348 
Net Debt* 11,135 12,480 12,060 12,029 
EBITDA before items affecting comparability (i.a.c) LTM  3,723 4,335 4,221 4,374
EBITDA Acquisitions proforma LTM - - - -
EBITDA before i.a.c. incl acquisitions proforma LTM 3,723 4,335 4,221 4,374 
Net debt to EBITDA leverage ratio 3.0x 2.9x 2.9x 2.7x 
*Net debt excluding provision for pension and accrued interest

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

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 19 
 
NOTE 10 | RIGHT-OF-USE ASSETS 
Right-of-use assets information is specified below: 
 
  
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 nine months 2024. 
NOTE 12 | ACQUISITIONS AND DIVESTMENTS 
Dometic has not made any acquisitions or divestments during the first 
nine months 2024.  
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”. Cash flow effects from paid deferred consideration on 
previous acquisitions amounted SEK -159 m (-525) during the first nine 
months 2024. 
 
 
 
 
 
 
 
 
 
 
NOTE 13 | SIGNIFICANT EVENTS AFTER THE 
PERIOD 
After conducting an assessment of the carrying value of Dometic’s assets 
and considering the macroeconomic situation and weakened market 
conditions highlighted in a press release September 17, Dometic 
announced on October 18 that a non-cash goodwill impairment of SEK 
2.0 b would negatively impact the operating profit (EBIT) for segment 
Land Vehicles Americas in the third quarter 2024. 
Dometic will accelerate the implementation of strategic improvements 
to take the next step on its transformation journey and a restructuring 
program is being assessed. Improvement activities will include structural 
cost reductions as well as an intensified focus to divest or exit non-
strategic parts of the existing product portfolio. This will support margin 
expansion and release resources to invest and drive profitable growth 
and value creation in strategic structural growth areas. Dometic will 
come back with more detailed information about the program before or 
in conjunction with the publication of the report for the fourth quarter 
2024. 
There have been no other significant events that have impacted the 
financial reporting after the balance sheet date. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Amortization, depreciation & 
impairment losses Q3 Q3 YT D YTD FY
SEK m 2024 2023 2024 2023 2023
Amortization, depreciation and 
impairment losses -2,372 -383 - 3,136 -1,132 -1,525
Add back depreciation related to 
right-of-use assets 
94 97 292 280 381
Total -2,278 - 286 -2,845 -852 -1,143
Right-of-use assets
SEK m
Buildings 1,731 1,153 1,902
Machinery, equipment and other technical 
installations 79 60 53
Total 1,809 1,213 1,955
Sep 30, 
2024
Sep 30, 
2023
Dec 31, 
2023

===== SIDA 20 =====

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 20 
 
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 
substitutes for financial reporting measures prepared in accordance with IFRS. See www.dometicgroup.com for the detailed reconciliation.  
Adjusted earnings per share Net 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 Consists of inventories and trade receivables less trade payables.  
Core work. capital/net sales Average core working capital from the previous four quarters divided by the last 12 months rolling 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 
equals the margin. 
EBITA bef i.a.c. and EBITA bef 
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 . 
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 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 and currency translation effects. Quarters are calculated at comparable 
currency, applying 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 previous four quarte rs, 
excluding goodwill and trademarks. 
DEFINITIONS AND KEY RATIOS 
CO2 ton / net sales SEK m CO2 emissions from own operations (scope 1 and 2) divided by currency adjusted net sales. Rolling 12 months with one 
month delay in reporting. Excl. acquisitions made 2021 and 2022. Scope 1: direct emissions from sources such as emissions 
from natural gas combustion in the operations of Group’s manufacturing and production sites. Scope 2: indirect emissions 
from purchased electricity and district heating for offices, dormitories, manufacturing sites and distribution centers.  
CPV Commercial and Passenger Vehicles. 
Earnings per share (“EPS”) Net profit for the period divided by average number of shares.  
FY 2023 Full Year. January to December 2023 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 
restructuring programs, gains and losses from acquisitions or disposals of subsidiaries, or transaction costs related to major 
mergers and acquisitions. 
Interest-bearing debt Total borrowings (including capitalized transaction costs) and provisions for pensions .  
LTIFR Lost Time Injury Frequency Rate. Work related accidents with lost time >=1 day per million working hours. Rolling twelve 
months with 1 months delay in reporting. Excludes acquisitions made in 2021 and 2022. 
LTM Last twelve months. 
OEM Original Equipment Manufacturers.  
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 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 past three years. 
Q3 2024 and Q3 2023 July to September 2024 and 2023 for Income Statement. 
RV Recreational Vehicles. 
Share of female managers Percentage of female managers in the company at the end of each period. Excludes acquisitions made in 2021 and 2022.   
Share of new suppliers being 
ESG audited 
Percentage of new significant direct material suppliers that have been ESG audited (on -site, remote or 3rd party audits), with 
one month delay in reporting. Measuring period to be included as a new supplier is January 1, 2022 until  end of 2024. 
Excludes acquisitions made in 2021 and 2022.  
Working capital Core working capital plus other current assets less other current liabilities and provisions relating to operations.  
YTD 2024 and 2023 January-September 2024 and 2023 for Income Statement

===== SIDA 21 =====

DOMETIC Q3 REPORT ─ SOLNA, OCTOBER 23, 2024 │ 21 
 
 
PRESENTATION OF THE REPORT 
Analysts and media are invited to participate in a telephone conference at 09.00 (CEST), October 23 , 2024, 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/2024-10-23-q3-2024/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=100430 
 
 
FOR FURTHER INFORMATION,  
PLEASE CONTACT  
Rikard Tunedal 
Head of Investor Relations  
Phone: +46 730 56 97 35 
E-mail: rikard.tunedal@dometic.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 and the Swedish Securities Markets Act. The information was submitted for publication, through the 
agency of the contact person set out above, at 07:30 CEST on October 23, 2024. 
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 market leader in the mobile living industry. Millions of people around the world use Dometic 
products in Outdoor, Residential, and P rofessional applications. Our motivation is to create smart, sustainable, and 
reliable products with outstanding design for an outdoor and mobile lifestyle in the areas of Food & Beverage, Climate, 
Power & Control, and Other Applications. Dometic employs approximately 8,000 people worldwide, had net sales of 
SEK 27.8 billion in 2023 and is headquartered in Solna, 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 rates and (e) business risk 
management. 
FINANCIAL CALENDAR 
January 29, 2025 
April 15, 2025 
April 24, 2025 
July 15, 2025 
October 23, 2025 
Q4 and full year 2024 report 
Annual General Meeting 2024 
Interim report for the first quarter 2025 
Interim report for the second quarter 2025 
Interim report for the third quarter 2025