Dometic Group Ab · OMXSTO:DOM
Dometic Group Ab — Q3 2026 Earnings Presentation
30 slides from Dometic Group Ab's earnings presentation, Oct 22, 2026
Slide 1: Q3 2026 Interim Report
Q3 2026 INTERIM REPORT DOMETIC GROUP
Slide 2: Juan Vargues, President and CEO
JUAN VARGUES PRESIDENT AND CEO
Slide 3: Q3 Highlights
Q3 HIGHLIGHTS • Resilient sales in weak markets, with growth in three of four segments • Positive order momentum and a stronger backlog entering Q4 • Profitability below our potential: raw-material costs and volume offset pricing and savings • Continued strategy execution: adapting capacity and redu
Slide 4: Market Demand Indicators 2026
MARKET DEMAND INDICATORS 2026 US RV production EU RV registrations* US boat registrations QTD Aug YTD Aug Q3 YTD YTD July -2% -14% -14% -16% -4% Page 4 | Dometic Group
Slide 5: Q3 2026 Financial Summary
Q3 2026 FINANCIAL SUMMARY 5% Net sales of SEK 5,116 m, 5% total growth 5,116 • 3% Organic Net Sales • 2% FX EBITA before i.a.c • 0% M&A • 0% Portfolio changes 4,885 506 495 EBITA before i.a.c. of SEK 495 m, -2% • EBITA margin of 9.7% (10.4%) EPS of SEK -13.71 (0.35) Adjusted EPS of SEK 0.03 (0.64) F
Slide 6: YTD September 2026 Financial Summary
YTD SEPTEMBER 2026 FINANCIAL SUMMARY -4% Net sales of SEK 16,324 m, -4% total growth 16,984 • 1% Organic Net Sales • -3% FX EBITA before i.a.c • 0% M&A 16,324 • -1% Portfolio changes 1,989 1,790 EBITA before i.a.c. of SEK 1,790 m, -10% • EBITA margin of 11.0% (11.7%) EPS of SEK -12.43 (2.01) Adjuste
Slide 7: Net Sales Development by Quarter
NET SALES DEVELOPMENT BY QUARTER LTM MSEK 45,000 Q3 2026 2% Net Sales SEK 5,116 m Organic growth 3% 3% 36,000 2% • Land Vehicles 2% where of: 0% -1% -3% - Americas -8% -4% - EMEA 9% -6% 27,000 - APAC 1% -10% -10% -11% • Marine 4% -13% -14% • Mobile Cooling Solutions 9% 18,000 -13% • Global Ventures
Slide 8: Diversification Across Channels Is Strengthening Resilience
DIVERSIFICATION ACROSS CHANNELS IS STRENGTHENING RESILIENCE Share of net sales by sales channel, % • Service & Aftermarket and Distribution now 10% make up 62% of sales, up from 46% in 2020 31% Distribution • RV OEM is down to 16% of Group sales • A broader revenue base across channels and end 36% m
Slide 9: Organic Growth by Sales Channel
ORGANIC GROWTH BY SALES CHANNEL* Service & Aftermarket Distribution OEM 5% 5% 3% 2% 4% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 2024 2025 2026 2024 2025 -4% -4% 2026 -1% -4% -3% -2% -1% -8% -5% -1% -13% -7% -6% -3% -6% -16%-
Slide 10: EBITA and EBITA Margin Before i.a.c.
EBITA AND EBITA MARGIN BEFORE I.A.C EBITA before i.a.c last 12 months 10.0% (10.7%) EBITA MSEK margin LTM Q3 2026 900 12% EBITA before i.a.c margin 9.7% (10.4%) 11% 800 10% 700 • Gross margin decreased to 29.3% (from 9% 29.5%), impacted by increased raw material 600 8% prices, freight rates and prod
Slide 11: Land Vehicles Q3 2026
LAND VEHICLES Q3 2026 Net sales SEK 2,239 m, 3% • Organic growth 2% • Growth in Service & Aftermarket • Growth in OEM driven by Commercial Vehicles while RV showing low digit decline EBITA before i.a.c. SEK 141 m (138) Net sales and EBITA margin before i.a.c. 14% 3.000 • EBITA Margin 6.3% (6.3%) 12%
Slide 12: Marine Q3 2026
MARINE Q3 2026 Net sales SEK 1,256 m, 5% Organic growth 4% Growth driven by Service & Aftermarket Flat development in OEM Net sales and EBITA margin before i.a.c. 22% 1.400 EBITA before i.a.c. SEK 256 m (249) 20% 1.200 EBITA Margin 20.4% (20.8%) 18% 16% 1.000 Stable gross margin despite
Slide 13: Mobile Cooling Solutions Q3 2026
MOBILE COOLING SOLUTIONS Q3 2026 Net sales SEK 1,190 m, 13% Organic growth 9% Growth driven by North America Net sales and EBITA margin before i.a.c. 14% 2.000 EBITA before i.a.c. SEK 65 m (66) 12% 10% EBITA Margin 5.4% (6.3%) 8% 1.500 Margin decline driven by lower gross margin, negativel
Slide 14: Global Ventures Q3 2026
GLOBAL VENTURES Q3 2026 Net sales SEK 431 m, -5% Organic growth -6% Single-digit decline in Other Global Verticals as well as Mobile Power Solutions EBITA before i.a.c. SEK 33 m (52) Net sales and EBITA margin before i.a.c. EBITA Margin 7.7% (11.5%) 15% 600 Gross margin negatively impacted
Slide 15: Sustainability and Innovation
SUSTAINABILITY AND INNOVATION • LTIFR 1) at 0.7 KPI Focus area 2026 2025 2026 Target – Well below the target of 1.0 – Injury prevention initiatives and reporting process LTIFR1) People 0.7 0.6 <1.0 improvements continue Share of female managers People 31% 30% 30% Share of renewable electricity • Sha
Slide 16: Global Restructuring Program Has Reduced Cost and Complexity Since 2024
THE GLOBAL RESTRUCTURING SEK 900 m PROGRAM HAS REDUCED COST annual run-rate savings when fully implemented AND COMPLEXITY SINCE 2024 (mid-2027) • Part of the strategy to simplify operations and align capacity SEK 600 m with demand, and to facilitate continued investment in growth run-rate savings ac
Slide 17: Further Action Is Required to Improve Profitability
FURTHER ACTION IS REQUIRED TO IMPROVE PROFITABILITY Why further action • North American RV demand has remained below previous assumptions • Further capacity, cost and portfolio adaptation is required New restructuring program scope • Improve asset utilization; capacity and supply-chain footprint ada
Slide 18: Future Value Creation Remains Protected
FUTURE VALUE CREATION REMAINS PROTECTED While adapting capacity and reducing complexity, Dometic continues to invest in the capabilities that support future growth and higher-quality earnings. Continued investment Product renewal Commercial execution R&D remained at 3.0% of net 23% of sales come fro
Slide 19: Recent Product Launches
RECENT PRODUCT LAUNCHES AIR DISTRIBUTION RV KITCHEN PREMIUM SERIES NEW GEN SOLAR BOX • Airfryer; Combines an air ROOF RACKS PANELS • Ultra-low profile design, fryer, grill oven and • First product in the new • New generation RV solar smaller and lighter microwave in one compact, Dometic Front Runner
Slide 20: Per Carlsson, Interim CFO
"PER CARLSSON == -_ INTERIMCFO “> DOMETIC
Slide 21: Q3 2026 Income Statement
Q3 2026 INCOME STATEMENT Gross profit margin 29.3% (29.5%) Q3 Q3 • Favorable impact from price increases and restructuring, SEK m 2026 2025 offset by higher costs for materials and labor Net sales 5 116 4 885 Organic growth 3% -6% Operating expenses SEK -1,005 m (-936) Gross Profit 1 500 1 442 • Und
Slide 22: Working Capital Days
WORKING CAPITAL DAYS WORKING CAPITAL SEKm % • Working capital last 12 months 25% (26%) of net sales 15,000 35 − 26% in the quarter 26% 30 10,000 25% 25 • Inventory balance SEK 5.3 b (4.6) 20 5,000 − Number of days 128 (124) 15 10 0 • Accounts receivables and Accounts payables are 5 -5,000 0 developi
Slide 23: Capex and Research & Development
CAPEX AND RESEARCH & DEVELOPMENT (NORMAL CURRENCY, MSEK, % OF NET SALES) CAPEX 120 3% Q3 CAPEX: 100 2.0% 2.2% 2.2% of net sales 1.7% 80 2% (2.0% in same period 2025) 60 106 114 96 98 97 97 40 75 70 77 81 1% 57 20 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2024 2024 2024 2025 2025 2025 2025 2026 20
Slide 24: Cash Flow Summary
CASH FLOW SUMMARY Q3 Q3 Q3 9M 9M SEK m 2026 2025 2026 2025 Operating cash flow Operating profit -3 936 375 -2 991 1 583 • Working capital impacted mainly by lower Reversal of depreciation and other outstanding balance in our trade receivables non-cash items 4 557 256 5 247 743 program Changes in wor
Slide 25: Free Cash Flow, SEK m
FREE CASH FLOW, SEK M 1.746 1.566 1.395 1.302 1.032 1.054 744 806 709 713 609 536 527 409 307 323 252 63 89 21 -96 -110 -92 -90 -213 -192 -406 -663 -654 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2020 2021 2022 2023 2024 2025 2026 Page 25 | Dometic Gr
Slide 26: Net Debt to EBITDA Leverage Ratio
NET DEBT TO EBITDA LEVERAGE RATIO Q2 2026 to Q3 2026 3,5 0,03 0,02 3,4 0,02 3,3 3,2 3,1 3,2 3,2 3,3 3,3 3,2 3,3 3,4 3,3 3,4 3,0 3,1 3,4 2,9 3,0 3,0 2,9 3,0 2,9 3,0 2,9 3,3 2,6 2,7 2,7 2,8 1,5 2,7 2,6 2,5 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q2 2026 EBITDA Cash flow FX Q3 20
Slide 27: Debt Maturity Profile
DEBT MATURITY PROFILE SEPTEMBER 30, 2026 1,5 1,0 • Total debt 12.3 SEKb (17.1) • Net debt 9.4 SEKb (10.0) • Average maturity 2.7 years. • Undrawn revolving credit facility of EUR 300 m 3,4 3,4 maturing in 2028 2,3 • SEK 750 m loan paid back in August 0,2 0,4 2026 2027 2028 2029 2030 EUR Bonds USD Lo
Slide 28: Priorities Going Forward
PRIORITIES GOING FORWARD • Focus on growth opportunities in a challenging market environment, and strengthen earnings quality while protecting investment in future growth • Execute the restructuring program and improve profitability • Improve cash generation and deleverage towards the long-term targ
Slide 29: Dometic
“> DOMETIC ve
Slide 30: Disclaimer
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