Dometic Group AB (publ) (DOM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Dometic Q1 Report 2026. Today I am pleased to present CEO Juan Vargas, CFO Stefan Friestet, and Head of Investor Relations, Tobias Norby. For the first part of the call, all participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by pressing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers. Please go ahead. Hello, good morning everybody to this Q1 report. Welcome to sunny Stockholm, by the way. Wonderful that springtime is back and we have the light back. So moving over to the highlights. We see an increased uncertainty following both the tariff situation and the geopolitical tensions in the Middle East. We see already now oil prices being very, very high. We see as well inflationary movements in terms of freight costs, in terms of raw material costs that will down the road have some kind of impact on consumer confidence. We continue to see retailers, dealers being very, very careful in building up inventories and ordering what they need. At the same time, we see also differences across regions, and most probably the region where we see confidence index being the lowest is in the American region. Looking at performance, we are very happy to communicate that finally, after many quarters of negative growth, we are standing at the same level as last year. We are very pleased seeing the service and aftermarket coming back and showing a solid growth of 5%, positive to comments that is everywhere. So we see the three regional businesses within Land Vehicles and we see as well marine everywhere also being positive from the service and aftermarket perspective. Distribution is slightly down 1%, mobile cooling being positive, which is good. We see also that t...