Dometic Group AB (publ) (DOM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Dometic Q2 Report 2026. Today I am pleased to present CEO Juan Vargas, CFO Pierre Collison, 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, and welcome to the presentation of the interim report for the second quarter of 2026. Let's move into the highlights. As most of you are aware of, the market conditions are still tough. uncertainty is still there. We have seen as a consequence of the situation in the Middle East, higher raw material prices that might be leading to inflation in the coming months, at the same time as the tariff volatility is still there. On one side, the American administration took away a number of tariffs but implemented some new tariffs as well, the so-called 2-3-3 tariffs. We see consumers still being cautious in the same way as our customers in the value chain, meaning OEMs and dealers and wholesalers. And we have seen as well, as a consequence of what I commented before, a situation where industry production, especially in the US, is coming down, but also in Australia as a consequence of higher interest rates implemented during Q2. and we see also kind of a slowdown, starting to see kind of a slowdown in Europe as well. Looking at our performance, we delivered a negative organic growth of 1%, with a positive single-digit growth in service and aftermarket, according to our strategy. We are happy to see as well a distribution is coming in part with last year, and we see a decline in OEM for the reasons commented before. Evitae mar...