Slide 1: Q1 2026 Interim Report
Q1 2026 INTERIM REPORT DOMETIC GROUP
Slide 2: Juan Vargues, President and CEO
JUAN VARGUES PRESIDENT AND CEO
Slide 3: Q1 2026 Highlights
Q1 2026 HIGHLIGHTS Market development • Increased macroeconomic uncertainty following renewed geopolitical tensions in the Middle East – Elevated oil prices leading to renewed pressure on inflation, household purchasing power and economic growth – GDP growth remains moderate, while consumer confiden
Slide 4: Q1 2026 Financial Summary
Q1 2026 FINANCIAL SUMMARY -10% Net sales of SEK 5,239 m, -10% total growth 5,830 • 0% Organic growth Net Sales • -9% FX EBITA before i.a.c • 0% M&A • -1% Portfolio changes EBITA before i.a.c. of SEK 557 m, -8% -8% 5,239 • EBITA margin of 10.6% (10.4%) 606 557 EPS of SEK 0.53 (0.57) Adjusted EPS of S
Slide 5: Net Sales Development by Quarter
NET SALES DEVELOPMENT BY QUARTER LTM MSEK Q1 2026 45,000 Net Sales SEK 5,239 m 0% 0% Organic growth 0% 36,000 • Land Vehicles -1% where of: - Americas -6% -9% - EMEA 2% 27,000 - APAC -3% • Marine 2% -1% • Mobile Cooling Solutions 1% 18,000 • Global Ventures -7% 9,000 0 Q1 2024 Q2 2024 Q3 2024 Q4 202
Slide 6: Net Sales by Sales Channel
NET SALES BY SALES CHANNEL SEK B 35 30 • RV OEM 18% of Group sales • 49% in 2017 25 29% 29% 31% 20 15% 33% 32% 27% 10% 28% 15 35% 29% 36% 29% 30% 10 6% 44% 50% 43% 14% CPV OEM 5 40% 54% 38% 38% Marine OEM 18% RV OEM 0 2020 2021 2022 2023 2024 2025 Mar 2026 LTM OEM Mar 2026 LTM OEM Service & Aftermar
Slide 7: Organic Growth by Sales Channel
ORGANIC GROWTH BY SALES CHANNEL Service & Aftermarket Distribution OEM 5% 2% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 2025 2026 2024 2025 2026 2024 2025 2026 -1% -4% -3% -1% -4% -4% -2% -8% -7% -6% -3% -6% -9% -7% -13% -14% -10% -11% -17% -16% -12% -10% -
Slide 8: Demand on Low Levels Both in the US and EU
DEMAND ON LOW LEVELS BOTH IN THE US AND EU 700 -16% -42% 300 RV REGISTRATIONS RV REGISTRATIONS AND PRODUCTION (US) 590 AND PRODUCTION (EU) -18% -24% 600 270 500 240 233 216 400 406 210 300 342 180 178 200 150 100 RV registrations US (k) 120 RV registrations EU (k) RV production US (k) RV production
Slide 9: EBITA and EBITA Margin Before I.A.C
EBITA AND EBITA MARGIN BEFORE I.A.C EBITA before i.a.c last 12 months 10.7% (10.5%) EBITA MSEK margin LTM Q1 2026 450 13% EBITA before i.a.c margin 10.6% (10.4%) 12% 11% • Gross margin increased to 29.5% (28.7%) 10% • SG&A increased by 5% in constant currency, 300 9% mainly related to product develo
Slide 10: Land Vehicles Q1 2026
LAND VEHICLES Q1 2026 Net sales SEK 2,273 m, -10% • Organic growth -1% • Solid growth in Service & Aftermarket • Continued decline in OEM driven by RV Americas EBITA before i.a.c. SEK 205 m (150) • EBITA Margin 9.0% (5.9%) Net sales and EBITA margin before i.a.c. • Significant improvement in profita
Slide 11: Marine Q1 2026
MARINE Q1 2026 Net sales SEK 1,194 m, -8% • Organic growth 2% • High single-digit growth in Service & Aftermarket • Slight decline in OEM Net sales and EBITA margin before i.a.c. EBITA before i.a.c. SEK 213 m (256) 25% 1.600 • EBITA Margin 17.9% (19.7%) 1.400 20% 1.200 • The reduced margin was drive
Slide 12: Mobile Cooling Solutions Q1 2026
MOBILE COOLING SOLUTIONS Q1 2026 Net sales SEK 1,279 m, -10% • Organic growth 1% EBITA before i.a.c. SEK 72 m (123) Net sales and EBITA margin before i.a.c. • EBITA Margin 5.7% (8.6%) 15% 2.500 • The reduced margin was driven by lower gross margin due to 10% 2.000 time lag between price increases an
Slide 13: Global Ventures Q1 2026
GLOBAL VENTURES Q1 2026 Net sales SEK 493 m, -16% • Organic growth -7% • Continuous growth in Other Global Verticals • Double-digit decline in Mobile Power Solutions EBITA before i.a.c. SEK 66 m (78) • EBITA Margin 13.3% (13.3%) Net sales and EBITA margin before i.a.c. 16% 700 • Maintained profitabi
Slide 14: Sustainability and Innovation Q1 2026
SUSTAINABILITY AND INNOVATION Q1 2026 • LTIFR 1) at 0.7 KPI Focus area 2026 2025 2026 Target – Well below the target of 1.0 LTIFR1) People 0.7 1.2 <1.0 – Injury prevention initiatives and reporting process Share of female managers People 31% 30% 30% improvements continue Share of renewable electrici
Slide 15: Waeco Range
WAECO RANGE VALUE BRAND FOR GROWING DEMAND • Alternative business model • Clear differentiation to Dometic’s premium brand positioning • Product categories: Mobile Coolers, Refrigerators, and Air Conditioners • Available in EMEA and APAC • Positive reception Page 15 | Dometic Group
Slide 16: Modular Drinkware
INNOVATION + MODULARITY MODULAR DRINKWARE ENGINEERED FROM BOTTOM TO TOP • Over 400 modular combinations • 90% recycled 304 stainless steel — tough, clean, and better for the planet • Copper lining reflects heat back in, locking in temperatures for longer • Double-wall vacuum insulation • BPA-free an
Slide 17: New Rooftop Tent
NEW PRODUCTS TO ENHANCE MARKET POSITION NEW ROOFTOP TENT ONE OF THE LIGHTEST AND MOST COMPACT FOLDABLE ROOFTOP TENTS IN THE MARKET • Meeting the growing demand for rooftop tents • First rooftop tent series introduction since 2023 • Lightweight, durable, waterproof, and UV-resistant • Fast and simple
Slide 18: Award Winners
AWARD WINNERS RECOGNIZED FOR DESIGN EXCELLENCE BY THE IF DESIGN AWARD. Awarded Products • 1. Dometic Unrestricted Cooler Collection • 2. Dometic Recon Hardside Cooler Collection • 3. Dometic Recon Softside Cooler Collection Page 18 | Dometic Group
Slide 19: Global Cost Reduction Program
GLOBAL COST REDUCTION PROGRAM Total savings SEK 750 m Announced on December 12, 2024 Target • SEK 750 m in annual run rate savings when fully implemented end of 2026 Progress savings • Closed one manufacturing site and six distribution centers • 335 employees impacted • Annual run rate savings end o
Slide 20: Stefan Fristedt, CFO
STEFAN FRISTEDT CFO
Slide 21: Q1 2026 Income Statement
Q1 2026 INCOME STATEMENT Gross profit margin 29.6% (28.7%) Q1 Q1 • Favorable impact from sales mix and restructuring SEK m 2026 2025 program, partially offset by time lag between price Net sales 5,239 5,830 increases and cost increases incl. tariffs Gross Profit 1,553 1,672 Margin 29.6% 28.7% Operat
Slide 22: Q1 2026 Cash Flow Summary
Q1 2026 CASH FLOW SUMMARY Q1 Q1 Q1 SEK m 2026 2025 Operating cash flow Operating profit 432 465 • Working capital impacted by higher inventory Adjustment for non-cash items 282 255 offset by improvements in trade receivables and Changes in working capital -555 -674 payables Investments in intangible
Slide 23: Free Cash Flow, SEK M
FREE CASH FLOW, SEK M STRONG CASH FLOW DESPITE SOFT TOP LINE 1.746 1.566 1.395 1.302 1.109 1.054 1.032 709 744 713 609 536 527 409 307 323 252 63 89 21 -96 -110 -92 -177 -213 -192 -406 -663 -654 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 Q4 Q1 2019 2020 2021 202
Slide 24: Working Capital Days
WORKING CAPITAL DAYS WORKING CAPITAL SEKm % • Working capital last 12 months 25% (28%) of net sales 14,000 35 • 26% in the quarter 12,000 28% 30 10,000 25% 25 8,000 6,000 20 • Inventory balance SEK 5.2 b (5.6) 4,000 15 • Number of days 121 (131), gradually decreasing 2,000 10 0 -2,000 5 • Further po
Slide 25: Capex and Research & Development
CAPEX AND RESEARCH & DEVELOPMENT (MSEK, % OF NET SALES) CAPEX • Q1 2026 CAPEX: 1.6% of net sales 300 6% (1.7% in same period 2025) 250 5% 200 4% 150 272 3% 1.4% 1.7% 100 0.9% 1.6% 2% 50 99 115 109 96 106 98 97 97 1% 57 75 70 72 0 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2023 2023 2023 2024 202
Slide 26: Debt Maturity Profile
DEBT MATURITY PROFILE MARCH 31, 2026 1,5 • Total debt 15.0 SEKb 1,0 0,3 • Average maturity 2.5 years. 0,8 • Undrawn revolving credit facility of EUR 300 m 0,4 maturing in 2028 3,3 3,3 • Remaining 2.2 SEKb of the 2026 Euro Bond was 2,2 2,2 repaid in April 2026 using cash on hand • Plan is to pay back
Slide 27: Net Debt to EBITDA Leverage Ratio
NET DEBT TO EBITDA LEVERAGE RATIO Q4 2025 to Q1 2026 development 3,7 3,5 0,06 3,4 0,06 0,03 3,3 3,3 3,2 3,2 3,3 3,3 3,2 3,3 3,4 3,1 2,9 3,0 3,0 2,9 3,0 2,9 3,0 3,1 2,6 2,7 2,7 2,3 2,9 1,4 1,5 2,7 2,5 2021 Q2 Q3 Q4 2022 Q2 Q3 Q4 2023 Q2 Q3 Q4 2024 Q2 Q3 Q4 2025 Q2 Q3 Q4 Q1 2025 Q4 EBITDA Cash flow FX
Slide 28: Summary Q1 2026
SUMMARY Q1 2026 Business highlights • Broke the negative organic growth trend and improved the gross and EBITA margins • Positive order intake and order back log development continues • Favorable channel mix with growth in Service & Aftermarket • Free cash flow improvement • Leverage amounted to 3.4
Slide 29: Dometic
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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