Dometic at 1-1/2 year lows after profit warning
17/09/2024 08:30
** Shares in Sweden's Dometic Group DOMETIC.ST fall around
10% to their lowest price since March 2023 after the mobile
leisure products manufacturer's profit warning
** It expects its group organic net sales for the third
quarter to decline by about 15% compared to the same period
previous year
** It also expects EBITA margin before items affecting
comparability in the range of 8-9% for third quarter, and
expects the net debt to EBITDA leverage ratio to be about 3.1x,
compared to 2.9x at the end of the second quarter
** Swedish peer Thule THULE.ST falls 4.5%
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))