Dometic Group AB (publ) (DOM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Dometic Q4 Report, 2025. Today I am pleased to present CEO Juan Vargas, CFO Stefan Freestet, 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 do Your line is muted. Hello? Hello? Can you hear us? Yes, we heard it. Okay. So good morning, everybody. Well, I would like to start by apologizing for the technical problems, but we are back. So good morning, everybody, and welcome to this Q4 and full year webcast for 2025. With that said, let's move into the presentation. Starting with highlights, market, the overall market conditions are still challenging. Consumer confidence is still not what we would like it to be. And at the same time, retailers and dealers as well as OEMs are still cautious in building inventories. Having said that, we also feel that inventories at retail level are improving. They are just now a low level and it's very much just now a question about consumers starting to buy. Looking at growth, 3% negative organic growth for the quarter, with service and aftermarket down 3%, which is obviously an improvement in comparison to previous quarters. Distribution, back to growth, very much driven by mobile cooling. And then we see also improvements from an OEM perspective where it's still marine slightly negative. We also have ALV slightly negative while we see improvements in other areas. Every time margin, 6% in comparison to 7.3, but then we also need to consider that we have a major effect on . So we have a substantial negative effect by currencies, driven by currencies, and ...