Dometic’s net sales decreased 18% in the second quarter of 2025, with organic net sales declining 11%.
Operating profit was SEK 743 million (903), corresponding to a margin of 11.9% (11.8%).
Profit for the period was SEK 348 million (443).
Revenue in the Service and Aftermarket channel ended below expectations in the quarter showing a decline of 12% organically compared to a relatively strong quarter last year.
The OEM sales channel showed an organic net sales decline of 14% in line with expectations, however, Dometic has now seen organic net sales growth in LV Americas through the OEM sales channel for two consecutive quarters.
The EBITA margin was 14%, on par with the second quarter last year with EBITA margin improvements mainly in the Land Vehicles and Mobile Cooling Solutions segments.
Lower net sales
The Marine Segment EBITA-margin was below 2024 driven by lower net sales.
The figures are being put down to weaker end consumer confidence which has led to a more careful approach to replacement and upgrades.
This has led to retailers continuing to be cautious with inventory levels, and delaying the gradual recovery Dometic had expected.
“Organic net sales for the Distribution channel were down 7% impacted by generally bad weather in the US during the quarter as well as a temporary production stop in our US mobile cooling plant,” said Juan Vargues Dometic president and CEO.
“We estimate that around half the decline in the quarter was attributable to the production stop.”
Transformative journey
He added: “Dometic’s transformative journey is progressing positively. We have taken significant steps in shifting the focus from a regionally led approach to a global product-led approach.”
Dometic is continuing to invest in product innovation and sales capabilities in its strategic growth areas.
During the quarter the Dometic Recon Series stackable cooler system was launched, alongside a new Gyro Stabiliser.
Around 50% of the Group’s net sales are in the US making the organisation exposed to tariffs, primarily through their impact on consumer sentiment rather than direct tariff costs.
Limited exposure
But Dometic points out that its exposure is limited as 85% of its US sales are from products manufactured in the US, or manufactured and sourced in Mexico and Canada with significant protection under the existing North American free trade agreement (USMCA).
Juan continued: “We are focusing on operational execution and efficiency to be able to adapt to short-term market developments, which will benefit us and further improve our margins when we achieve net sales growth.
“Under normal circumstances and with current visibility on inventory levels, we would expect to see a gradual recovery in the demand through the Distribution and Service and Aftermarket sales channels.”
Order intake
And he concluded: “While it remains difficult to predict demand patterns in the coming quarters, we are encouraged by a stabilisation in order intake.
“Going forward the comparables are becoming more favourable, and we expect both new product launches and our restructuring program to continue to contribute positively.
“We will continue to relentlessly drive our strategic agenda. With the restructuring program proceeding as planned, we are placing Dometic in a prime position to deliver on our targets while providing the highest quality of services and products to our customers.”
