Jul 18, 2024 / 08:00AM GMT
Juan Vargues - Dometic Group AB(publ)-President - Chief Executive Officer
Hello. Good morning [Juan] speaking. Good morning to the presentation of this second quarterly report for 2024. Moving over to the highlights in the quarter. Looking at the market, we still see tough market conditions. So no major changes from that perspective. If we talk in general terms, then we will, of course, look to our different sales channels we have.
We see also retailer inventories coming down very much in the US, but also in the other areas, which is also leading, obviously to a better situation for our service and aftermarket business as well for distribution. While we see OEM steel weak.
Look at our performance, we are happy to deliver a good margin improvement considering obviously the loss that we have on the top line. Service and aftermarket's down 1%, which is a substantial recovery in comparison to Q1 of this year, but also very much in line with our expectations after the last quarter. Distribution also a clear improvement, ending up at minus 2% and very
Q2 2024 Dometic Group AB (publ) Earnings Call Transcript
Jul 18, 2024
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