Dometic jumps as it announces restructuring programme
Yesterday 08:54
BUZZ-Dometic jumps as it announces restructuring programme ** Shares in Dometic DOMETIC.ST surge around 10% after the Swedish maker of mobile-living equipment said it would initiate a restructuring programme
** The programme is primarily focused on Land Vehicles Americas and targets annual savings of SEK 215 million ($21.75 million) by end-2028
** Dometic says it recognized non-cash impairment charges of SEK 4.23 billion in Q3
** It reported Q3 EBIT loss of SEK 3.94 billion, versus analysts' estimate for profit of SEK 321.2 million in LSEG poll
** If the gains hold, Dometic shares would see their biggest on-day rise since April
($1 = 9.8866 Swedish crowns)
(Reporting by Marta Frackowiak)