Dometic Group AB

Dometic Group AB serves the market with a range of air conditioners, refrigerators, awnings, cookers, sanitation, lightning, mobile power equipment, windows, doors and other comfort and safety products. The products are sold in approximately 100 countries and are mainly produced in wholly owned production facilities around the world.
  • TickerDOM
  • ISINSE0007691613
  • ExchangeNasdaq Nordic Stockholm
  • SectorLeisure Goods
  • CountrySweden
Karl Bokvist ...
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – August 2020

Q2 surprised positively, adj. EBIT 44% was above expectations. On average, we left 2020-2021e EBIT unchanged, with good upgrades in Volvo, ABB, Alfa Laval. PMI’s are indicating a return to organic growth in Q4’20, we see upside to forecasts in some of the short-cycle names. The stronger SEK is a headwind and a risk to 2021e adj. EBIT of 4-7% for most companies. We continue to see attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso Outotec, Electrolux We are cautious on: Assa Abloy, Kone, Wärtsilä

Dometic Group AB: 1 director sold

A director at Dometic Group AB sold 5,100 shares at 84.638SEK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • David Martinsson
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Aksel Øverland Engebakken ...
  • Anders Idborg
  • Daniel Thorsson
  • Karl Bokvist
  • Mads Thinggaard
  • Martin Melbye
  • Olof Cederholm
  • Patrik Brattelius
  • Peter Kurt Nielsen
  • Petter Nystrøm
  • Simon Granath
  • Tobias Kaj
  • Victor Forssell
  • Viktor Sundberg

Talking Points - Ringkjøbing Landbobank (Sell): Here we go again: Down to SELL on valuation

Balder (Buy) Post-result: Favourable exposure to low-risk properties A favourite for good reasons, but valuation appears off Downgrade to SELL (Hold); TP down to DKK 400 (410)

Viktor Trollsten

Dometic (Buy, TP: SEK102.00) - Markets set to improve

We reiterate our BUY and have raised our target price to SEK102 (95). In our opinion, management comments on Q3 support our view of a return to growth in H2, while consensus is -3%, and we note the restructuring programme is on track, with SKUs cut by 39% YOY. We see market weakness easing and believe Dometic is still well placed to deliver on its transformation journey and to improve margins, not reflected in consensus.

Dometic Group AB: 1 director sold

A director at Dometic Group AB sold 5,100 shares at 84.638SEK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Karl Bokvist ...
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – August 2020

Q2 surprised positively, adj. EBIT 44% was above expectations. On average, we left 2020-2021e EBIT unchanged, with good upgrades in Volvo, ABB, Alfa Laval. PMI’s are indicating a return to organic growth in Q4’20, we see upside to forecasts in some of the short-cycle names. The stronger SEK is a headwind and a risk to 2021e adj. EBIT of 4-7% for most companies. We continue to see attraction in mining equipment. Our key long ideas are: Sandvik, Volvo, Metso Outotec, Electrolux We are cautious on: Assa Abloy, Kone, Wärtsilä

Aksel Øverland Engebakken ...
  • Anders Idborg
  • Daniel Thorsson
  • Karl Bokvist
  • Mads Thinggaard
  • Martin Melbye
  • Olof Cederholm
  • Patrik Brattelius
  • Peter Kurt Nielsen
  • Petter Nystrøm
  • Simon Granath
  • Tobias Kaj
  • Victor Forssell
  • Viktor Sundberg

Talking Points - Ringkjøbing Landbobank (Sell): Here we go again: Down to SELL on valuation

Balder (Buy) Post-result: Favourable exposure to low-risk properties A favourite for good reasons, but valuation appears off Downgrade to SELL (Hold); TP down to DKK 400 (410)

Viktor Trollsten

Dometic (Buy, TP: SEK102.00) - Markets set to improve

We reiterate our BUY and have raised our target price to SEK102 (95). In our opinion, management comments on Q3 support our view of a return to growth in H2, while consensus is -3%, and we note the restructuring programme is on track, with SKUs cut by 39% YOY. We see market weakness easing and believe Dometic is still well placed to deliver on its transformation journey and to improve margins, not reflected in consensus.

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Dometic - Back to normal in Q3

Q2 better than feared Demand at good levels in June and early Q3’20 Back to normal, but discounted in the share – HOLD

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Dometic - Strong Q2 as Americas stays profitable

Q2 adj. EBIT SEK 361m includes SEK 98m reversal Comparable adj. EBIT SEK 263m still clearly better Expect ‘20e ests up by 8-12%, limited changes to ’21-22e

Dometic Group AB: Update following affirmation of Ba3 positive and announced acquisition of SeaStar Solutions

CORPORATES CREDIT OPINION 4 December 2017 Update RATINGS Dometic Group AB Domicile Sweden Long Term Rating Ba3 Type LT Corporate Family Ratings - Dom Curr Outlook Positive Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Daniel Harlid +46.8.5025.6546

Moody's affirms Dometic Group AB's Ba3 rating; Positive outlook

Rating Action: Moody's affirms Dometic Group AB's Ba3 rating; Positive outlook. Global Credit Research- 29 Nov 2017. London, 29 November 2017-- Moody's Investors Service has today affirmed the Ba3 corporate family rating of Dometic Group AB, a leading global manufacturer of various products for recreation vehicles, commercial and passenger cars, marine, retail, and lodging markets, following the announced acquisition of SeaStar Solutions.

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • David Martinsson
  • Håkon Astrup
  • Jimi Lehtonen
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo
  • Viktor Trollsten

Northern Lights

Jon Masdal ...
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Ole-Andreas Krohn
  • Viktor Trollsten

Northern Lights

Christer Magnergård ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Joachim Gunell
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

Northern Lights

Christer Magnergård ...
  • Christoffer Wang Bjørnsen
  • Jimi Lehtonen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Håkon Astrup ...
  • Niclas Gehin
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

DOMETIC GROUP sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of DOMETIC GROUP (SE), a company active in the Recreational Products industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 19, 2020, the closing price was SEK 85.84 and its potential was estimated at SEK 91.15.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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