Dometic Group

Quarterly Report • Apr 19, 2024

A> DOMETIC

QUARTERLY REPORT

Solna, April 19, 2024

CONTINUED EBITA MARGIN IMPROVEMENT AND A SOLID OPERATING CASH FLOW

FIRST QUARTER 2024

• · Net sales were SEK 6,527 m (7,289); a decrease of -10%, of which -12% was organic growth.
• · Operating profit (EBITA') before items affecting comparability @ was SEK 769 m (847), corresponding to a margin of 11.8% (11.6%).
• · Operating profit (EBIT) was SEK 611 m (667), corresponding to a margin of 9.4% (9.2%).
• Profit for the period was SEK 273 m (334).
• Earnings per share were SEK 0.85 (1.04). Adjusted earnings per share® were SEK 1.21 (1.44),
• Operating cash flow was SEK 212 m (294). Cash flow was SEK -1,054 m (-37). In the quarter Dometic repaid SEK 1,000 m of an EKN-backed loan maturing in 2025.
• · Net debt to EBITDA leverage ratio was 3.0x (3.2x) at the end of the quarter. Compared to year end 2023 the ratio increased sequentially from 2.7x due to a weakened Swedish Krona and normal seasonality.
• · Dometic has refinanced part of its credit facilities agreement with its bank group. The agreement will come into effect in July 2024 and will extend the debt maturity profile.
• · As communicated before, Dometic has a new segment reporting structure from the first quarter 2024 reporting. All comparative periods have been restated according to the new structure.

FINANCIAL OVERVIEW

	01	Q1	LTM	FY
SEK m	2024	2023	2024	2023
Net sales	6,527	7,289	27,013	27,775
Operating profit (EBITA1') before items affecting comparability24	769	847	3,385	3,463
% of net sales	11.8%	11.6%	12.5%	12.5%
Operating profit (EBITAり)	758	821	3,233	3,296
% of net sales	11.6%	11.3%	12.0%	11.9%
Operating profit (EBIT)	611	667	2,625	2,682
% of net sales	9.4%	9.2%	9.7%	9.7%
Profit for the period	273	334	1,271	1,332
Earnings per share, SEK	0.85	1.04	3.98	4.17
Adjusted earnings per share, SEK3)	1.21	1.44	5.16	5.93
Cash flow for the period	-1,054	-37	-1,014	प
Operating cash flow	212	294	5,124	5,205
Net debt to EBITDA leverage ratio43	3,0x	3.2x	3,0x	2.7x
RoOC, excluding goodwill and trademarks	20.8%	20.5%	20.8%	21.0%

13Before Amortization of acquisition-related intangible assets

23See Note 6 Items affecting comparability

3 Excludes the impact from Amortization of acquisition-related intangible assets and items affecting comparability, for specification see note 8

4)For specification see note 9

See definitions of neasures and K'It at the end of the eport. See dealed reconcilation tables on www.doneticgroup.com/investors/or/FRS masures/o l'FS

CEO COMMENTS

The first quarter result was further evidence of our transition to a more effective, better balanced and thereby more resilient company. We delivered an improved EBITA margin" for the third consecutive quarter despite a challenging market environment impacted by geopolitical and macroeconomic uncertainty.

Net sales in the first quarter 2024 totaled SEK 6,527 m (7,289), which represents an organic net sales decline by 12 percent. Net sales in the Service & Aftermarket sales channel declined organically by 10 percent partly due to a rainier than normal March and an early Easter. In addition, the uncertain market situation is making customers more cautious than before when building up inventories ahead of the high season. Service & Aftermarket net sales in segment Marine remained stable. The retailer inventory situation for our Mobile Cooling Solutions business is gradually improving and net sales in the Distribution sales channel declined by 13 percent compared to a decline of 20 percent in the fourth quarter 2023. As expected, organic net sales in the OEM (Original Equipment Manufacturer) sales channel declined in all segments with the exception of Land Vehicles EMEA.

Despite lower net sales, the EBITA-margin for the quarter improved to 11.8 percent (11.6) supported by efficiency improvements, including the cost reduction programs completed in 2023, and continuous price management. In its first quarter as a separate segment, Mobile Cooling Solutions reported a higher margin despite lower net sales supported by sales initiatives, product innovation and cost reductions. The margin for segment Global Ventures improved to 14.2 percent (13.3) fueled by a stronger performance in subsegment Mobile Power Solutions. Segment Land Vehicles EMEA continues to show improvements compared to previous periods while segment Land Vehicles Americas EBITA margin remained under pressure. Several sales and operational initiatives were launched in the Land Vehicles Americas segment during the quarter, and I am convinced this will accelerate our transformation journey and drive efficiencies and gradual improvements. We will also continue prioritizing marqins over volumes on the competitive US market where RV industry production remains at a low level.

The operating cash flow was solid at SEK 212 m (294). The net debt to EBITDA leverage ratio was 3.0x (3.2x). We are maintaining a strong focus on cash flow across the Group, and the increase compared to a ratio of 2.7x at year-end 2023 was due to a weakened Swedish Krona and normal seasonality. We expect the net debt to EBITDA leverage ratio to trend down during the year and are committed to achieving our target of around 2.5x.

The product innovation index improved to 18 percent) and it is encouraging to see that our recently launched Igloo active cooling product rangealready is available in more than 600 stores across several of the large retailers in the US. This is further proof of the strength of the iconic Igloo brand. Igloo continues to gain market shares and has been rated the #8 Consumer Goods brand in Newsweek's Most Trustworthy Companies in America 2024 ranking, well ahead of any other Mobile Cooling brand.

The long-term trends in the Mobile Living industry are strong, however it remains difficult to predict how the current macroeconomic situation and market conditions will impact the business in the short term. Our planning assumptions from 2023 remainlargely unchanged; we anticipate the recovery in demand in the Service & Aftermarket sales channel to continue in 2024. In the Distribution sales channel we expect a continued gradual recovery coming quarters as retail inventories decline. In the OEM sales channel we foresee a continued weak demand short-term but with an improvement towards the end of the year. In this environment we will continue to relentlessly drive our strategic agenda to deliver on our targets, prioritize margins before volumes, and at the same time remain agile to quickly respond to short-term market trends.

Juan Vargues, President and CEO

"Unless stated otherwise, EBITA refers to EBITA before items affecting comparability.

NET SALES, SEK M Q LTM 10,000 40,000 8,000 30,000 6,000 20,000 4,000 10,000 2,000 0 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 | 2022 2023 2024 _ Quarterly -----------Last 12 months (LTM)

OP. PROFIT (EBITA) BEFORE I.A.C.

OPERATING CASH FLOW, SEK M

FINANCIAL SUMMARY -FIRST QUARTER 2024

Net sales were SEK6,527 m (7,289), a decrease of -10% compared with the same quarter last year. This comprised -12% organic growth. 2% currency translation and 0% M&A.

Gross profit was SEK 1,818 m (1,928) corresponding to 27,9% (26,5%) of net sales. The improvement was supported by cost reductions and price management.

Sales and administrative expenses totaled SEK -907 m

(-949). Investments in strategic structural growth areas continued and sales and administrative expenses in percent of net sales increased to 13.9% (13.0%)

Research and development expenses were SEK-149 m (-144) and were impacted by increased investments in strategic structural growth areas. In addition Research and development expenses of SEK -9 m (-1 1) were capitalized in the quarter. In total, this corresponds to 2.4% (2.1%) of net sales.

Other operating income and expenses were SEK 7 m (10).

Operating profit (EBITA) before amortization of acquisitionrelated intangible assets and items affecting comparability was SEK 769 m (847). The corresponding margin improved to 11.8% (11.6%) supported by efficiency improvements, including the cost reduction programs completed in 2023, and continuous price management. The improved margin was driven by segments Land Vehicles EMEA, Global Ventures and Mobile Cooling Solutions.

Amortization of acquisition-related intangible assets were SEK -147 m (-154).

ltems affecting comparability totaled SEK -11 m (-26) and were mainly related to cost reduction activities in segment Land Vehicles EMEA.

Operating profit (EBIT) was SEK 611 m (667). The corresponding margin improved to 9.4% (9.2%) driven by an improved EBITA2 margin.

Financial items totaled a net amount of SEK-218 m (-196). whereof SEK -219 m (-191) in interest on external bank and bond loans. Other FX revaluations and other items amounted to SEK-19 m (-17) and financial income amounted to SEK 20 m (11).

Taxes totaled SEK-119 m (-137), corresponding to 30% (29%) of profit before tax. Current tax amounted to SEK -131 m (-217) and deferred tax to SEK 12 m (80). Paid tax was SEK -170 m (199). The increased tax rate was due to a country mix with more taxable profits in higher tax jurisdictions and increased non-tax deductible interest costs.

Profit for the period was SEK 273 m (334).

Earnings per share were SEK 0.85 (1.04). Adjusted earnings per share were SEK 1.21 (1.44)

Operating cash flow was SEK 212 m (294). The deviation, compared to a strong first quarter 2023, was mainly related to less inventory reduction in 2024 compared to the first quarter 2023.

Last 12 months, April 2023-March 2024, average Core working capital in relation to net sales improved to 31% (34%).

Cash flow was SEK-1,054 m (-37). Net cash flow from financing was SEK -993 m (-129). In the quarter Dometic repaid SEK 1,000 m of a longterm EKN-backed loan maturing in 2025. In addition, short-term commercial papers at the value of SEK 299 m were issued. The net of paid and received interest was SEK -170 m (-114).

Net cash flow from investments was SEK -170 m (-114) of which SEK -103 m (-) payments of deferred considerations related to acquisitions completed previous years and SEK -66 m (-110) related to investments in fixed assets.

Financial position. Dometic has refinanced part of its credit facilities agreement with its bank group:

-Aterm loan of USD 333 m previously maturing in 2025, was extended until 2027 with option to extend two times, one year each time, and will be amortized by USD 100 m in July 2024.

-The RCF was increased by EUR 80 m to EUR 280 m.

The credit facilities agreement for the term loan and the RCF was signed in March 2024 and will come into effect in July 2024. This will extend the debt maturity profile for Dometic.

In addition, the floating rate term loan of USD 220 m and the RCF were both extended with one year by way of an extension option, both with an option to extend for another year.

Dometic's commercial papers program with a framework of SEK 3,000 m, had SEK 299 m (-) outstanding at the end of the quarter.

Net debt to EBITDA leverage ratio was 3.0x (3.2x) at the end of the quarter. Compared to year end 2023 the ratio increased sequentially from 2.7x due to a weakened Swedish Krona and normal seasonality. The average maturity of interest-bearing debts was 2.4 years (2.8) at the end of the quarter.

Return on Operating Capital (RoOC) excluding goodwill and trademarks was 20.8% (20.5%).

Employees. Number of employees in terms of headcount was 7,848 (8,480) at the end of the quarter. The reduction was mainly due to efficiency improvements.

Other significant events during the quarter. Dometic has a new segment reporting structure from the first quarter 2024 reporting. See page 4 for more details.

As previously announced Todd Seyfert joined Dometic on January 9, 2024 as new President for segment Land Vehicles Americas.

Significant events after the quarter. At the 2024 Annual Shareholders Meeting held on April 11, 2024, Fredrik Cappelen was reelected as member and Chairman of the Board of Directors. Heléne Vibbleus, Peter Sjölander, Erik Olsson, Jacqueline Hoogerbrugge, Rainer Schmückle, Mengmeng Du and Patrik Frisk were re-elected as members of the Board of Directors. The proposed dividend of SEK 1.90 per share was approved.

There have been no other significant events that have impacted the financial reporting after the balance sheet date.

2) Before items affecting comparability

FINANCIAL PERFORMANCE BY SEGMENT

	Q1	Q1	Change (%)		LTM	FY
SEK m	2024	2023	Reported	Organic 1)	2024	2023
Land Vehicles Americas	829	1,020	-19%	-20%	4,015	4,206
land Vehicles FMFA	1,734	1,815	-4%	-7%	6.701	6,782
Land Vehicles APAC	316	344	-8%	-5%	1,407	1,435
Marine	1,500	1,701	-12%	-13%	6,291	6,492
Mobile Cooling Solutions	1,473	1,718	-14%	-16%	5,999	6,243
Global Ventures	6/4	690	-2%	-4%	2,599	2,616
Net sales	6,527	7,289	-10%	-12%	27,013	27,775
Land Vehicles Americas	-96	-98			-156	-158
Land Vehicles EMEA	205	162			674	631
Land Vehicles APAC	98	107			438	447
Marine	353	463			1,516	1,626
Mobile Cooling Solutions	113	120			540	547
Global Ventures	96	92			373	370
Operating profit (EBITA2) before i.a.c. 35	769	847			3,385	3,463
l and Vehicles Americas	-11.5%	-9.6%			-3.9%	-3.8%
l and Vehicles FMFA	11.8%	8.9%			10.1%	9.3%
land Vehicles APAC	30.9%	31.0%			31.1%	31.2%
Marine	23.6%	27.2%			24.1%	25.0%
Mobile Cooling Solutions	7.7%	7.0%			9.0%	8.8%
Global Ventures	14.2%	13.3%			14.4%	14.1%
Operating profit (EBITA) before i.a.c. %	11.8%	11.6%			12.5%	12.5%

14Net sales growth excluding acquisitions/divestments and currency translation effects

2)Before Amortization of acquisition-related intangible assets.

3/See note 4 for Operating profit(EBIT) by segment and note 6 for details on i.a.c. (items affecting comparabilty).

NEW SEGMENT STRUCTURE

Dometic has a new segment reporting structure, with six reported segments from the first quarter 2024 reporting:

The three Land Vehicle segments Americas, EMEA and APAC. Product solutions for the RV and CPV industries are reported in the three Land Vehicle segments Americas, EMEA and APAC. Other outdoor standalone products for land based outdoor activities, are also included. The products are sold through all sales channels (Service & Aftermarket, Distribution and OEM). The Mobile Power Solutions and Mobile Cooling Solutions businesses, included in segments Americas, EMEA and APAC in the previous segment stucture, have been transferred to segment Global Ventures and segment Mobile Cooling Solutions respectively.

Segment Marine. Product solutions for customers in the Marine industry. The products are sold through sales channels and OEM. The Mobile Power Solutions and Mobile Cooling Solutions businesses, included in segment structure, have been transferred to segment Global Ventures and segment Mobile Cooling Solutions respectively.

Segment Mobile Cooling Solutions. Mobile cooling and drinkware products under the Dometic, Igloo and Cool Gear brands. The products are sold through the Distribution sales channel.

Segment Global Ventures. Segment Global has been renamed to segment Global Verticals (Residential, Hospitality and Mobile Deliveries)remains as a subsegment. The Mobile Power Solutions business has been consolidated globally and is a new subsegment in this segment. The products in subsegment Other Global Verticals are sold through sales channel Distribution. The products in subsegment Mobile Power Solutions are sold through all sales channels (Service & Aftermarket, Distribution and OEM).

All comparative periods have been restated according structure. Disclosures of segment information in Note 4 has been restated accordingly. The restated financials were communicated on March 27, 2024. See https://www.dometic.group.com/enus/investors

SEGMENT LAND VEHICLES AMERICAS

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Land Vehicles Americas reported net sales of SEK 829 m (1,020), representing 13% (14%) of Group net sales. Total growth was -19%, of which-20% was organic growth, 2% currency translation and 0% M&A. The organic net sales decline was mainly due to lower RV OEM net sales, but also Service & Aftermarket net sales declined organically.

Operating profit (EBITA) before amortization related intangible assets and items affecting comparability was SEK-96 m (-98), corresponding to a margin of -11.5% (-9.6%). The decline was due to the net sales reductions. Operating profit (EBIT) was SEK -116 m (-118), corresponding to a margin of -14.0% (-11.6%).

SEGMENT LAND VEHICLES EMEA

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Land Vehicles EMEA reported net sales of SEK 1,734 m (1,815), representing 27% (25%) of Group net sales. Total growth was 4%, of which -7% was organic growth, 2% currency translation and 0% M&A. The organic net sales decline was mainly due to lower Distribution and Service & Aftermarket net sales. This was partly offset by organic net sales growth in RV OEM.

Operating profit (EBTA) before amortization of acquisition-related intangible assets and items affecting comparability was SEK 205 m (162), corresponding to a margin of 11.8% (8.9%). The improvement was supported by cost reductions. This was partly offset by net sales reduction and a sales mix with a lower share of Distribution and Service & Aftermarket net sales. Operating profit (EBIT) was SEK184 m (129), corresponding to a margin of 10.6% (7.1%).

SEGMENT LAND VEHICLES APAC

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Land Vehicles APAC reported net sales of SEK316 m (344), representing 5% (5%) of Group net sales. Total growth was-8%, of which -5% was organic growth, -3% currency translation and 0% M&A. The organic net sales decline was mainly due to lower RV OEM and Service & Aftermarket net sales. This was partly offset by net sales growth in the Distribution sales channel.

Operating profit (EBITA) before amortization related intangible assets and items affecting comparability was SEK 98 m (107), corresponding to a margin of 30.9% (31.0%). The negative effect from lower net sales was partly offset by cost reductions and a sales mix with a higher share of Distribution and Service & Aftermarket net sales. Operating profit (EBT) was SEK 95 m (103), corresponding to a margin of 30.0% (29.8%).

SEGMENT MARINE

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Marine reported net sales of SEK 1,500m (1,70), representing 23% (23%) of Group net sales. Total growth was-12%, of which-13% was organic growth, 2% currency translation and 0% M&A. The organic net sales decline was due to lower OEM net sales while Service & Aftermarket net sales was stable.

Operating profit (EBITA) before amortization related intangible assets and items affecting comparability was SEK 353 m (463), corresponding to a margin of 23.6% (27.2%). The negative effect from lower net sales compared to a strong first quarter by cost reductions, product innovation and a sales mix with a higher share of Service & Aftermarket net sales . Operating profit (EBIT) was SEK 304 m (415), corresponding to a margin of 20.3% (24.4%).

SEGMENT MOBILE COOLING SOLUTIONS

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Mobile Cooling Solutions reported net sales of SEK 1,473 m (1,718), representing 23% (24%) of Group net sales. Total growth was 14%, of which - 16% was organic growth, 2% currency translation and 0% M&A. The organic net sales decline of -16% was an improvement compared to -25% in the fourth quarter 2023 as the retailer inventory situation for the Mobile Cooling business in the US has gradually improved.

Operating profit (EBITA) before amortization of acquisition elated intangible assets and items affecting comparability was SEK 113 m (120), corresponding to a margin of 7.7% (7.0%). The improvement wassupported by sales initiatives, product innovations. Operating profit (EBIT) was SEK 65 m (70), corresponding to a margin of 4.4% (4.1%).

SEGMENT GLOBAL VENTURES

FIRST QUARTER 2024 NET SALES AND OPERATING PROFIT

Segment Global ventures reported net sales of SEK 674 m (690), representing 10% (9%) of Group net sales. Total growth was -2%, of which -4% was organic growth, 1% currency transation and C% M&A. The organic net sales in subsegment Other Global Verticals.

Operating profit (EBITA) before amortization related intangible assets and items affecting comparability was SEK96 m (92), corresponding to a margin of 14.2% (13.3%). The improvement Mobile Power Solutions. Operating profit (EBIT) was SEK 78 m (69), corresponding to a margin of 11.5% (10.0%).

SUSTAINABILITY UPDATE

Dometic's sustainability platform consists of three focus areas – People, Planet, Governance – with strong ownership in Group management and with clear KPs, targets and activities implemented in daily operations. Progress on all defined targets is reported externally as part of the Annual and Sustainability Report. In addition, on five of the KPIs, progress is reported on a quarterly basis.

Actual result, Baseline and Targets in the table below are excluding acquisitions in 2021 and 2022. The process of including acquired companies has started and actual result including acquisitions is included for some KPIs in the text below.

Focus area	KPI	Actual result		Previous year(2) Baseline (Year)(3)	Target (Year)
People	I TIFR	1.7	1.6	2.4 (2021)	<2.0 (2024)
People	Share of female managers	29%	26%	24% (2021)	27% (2024)
Planet	Reduction in CO2 ton / net sales SFK m(1)	-44%	-41%	2.0 (2020)	-30% (2024)
Planet	Product Innovation index	18%	14%	n/a	25% (n/a)
Governance	Share of new suppliers being ESG audited	93%	94%	n/a	90% (2024)

11 Adjusted for acquisitions and currency translation effects

2 Previous year refers to actual results for the same reporting period previous year.

3 Baseline refers to actual results (and year) used as starting point for Dometic's targets.

LTIFR (Lost Time Injury Frequency Rate). ITIFR was 7.7 (1.6) and better than the target of 2.0. The actual number of injuries have decreased, but the increase in LTFR compared to last year is due to fewer total worked hours in the company. Efforts focusing on injury prevention continue throughout the organization, aiming to conting events, promote an open reporting climate, and strengthen local procedures in line with the Health & Safety Guideline acquisitions made in 2021 and 2022, the LTFR actual result was 1.5.

Share of female managers. The share of female managers continues to increase and ended at 29% (26%). The result is supported by all segments' dedicated efforts to promote gender diversity, equity and inclusion, and to creating a more equitable workplace. The company will continue its efforts throughout the organization of female managers. Including acquisitions made in 2021 and 2022, the share of female managers actual result was 29%.

CO-ton™/net sales SEK m. Emissions relative to net sales have decreased by -44% (-41%) compared to the 2020 baseline vear. Absolute CO2 emissions decreased by-40% compared with the 2020 baseline year, while the share of renewable electricity (scope 2) LTM (last twelve months) increased to 38% compared with 6% in 2020. Energy optimization and renewable electricity initiatives in all segments remain a priority to further reduce Scope I and 2 GHG emissions. Dometic continues the implement of its roadmap for transitioning to renewable electricity in all production facilities and further reductions are expected throughout the year from in 2023.

Product innovation index. Product innovation index has been added to the sustainability KP table in 2024. Product Innovation is one of the major drivers for continued reductions from Dometic products. By developing products built on global platforms, the company can focus investments and launch product solutions with leading cost-competitive and sustainable advantages. By maintaining a focus on energy efficiency, introduction of alternative materials and new designs, the ambition is to ensure that new products have a lower energy consumption compared to previous models. The improved to 18% (14%). Short term focus in the Group on reducing inventories, by driving sales on existing products, continues to have a temporary negative impact on the index.

Share of new suppliers being ESG audited. Dometic actively emphasizes auditing suppliers to guarantee that our Business Partners understands our sustainability requirements and adhere to the Code of Conduct. The target is to ensure that a minimum of 90% of all new significant direct material suppliers undergo ESG compliance audits as part of the onboarding process. In the first quarter of 2024, 93% (94%) of the new significant direct material suppliers have been audited for ESG compliance with a satisfactory result. The remaining new significant direct material suppliers are scheduled to be audited during the second quarter of 2024.

4 Scope 1 and 2 emissions represented by fuel combustion, electricity and district heating used on operation sites

PARENT COMPANY DOMETIC GROUP AB (PUBL)

FIRST QUARTER 2024

The Parent Company Dometic Group AB (publ) comprises the functions of the Group's head office, such as Group management and administration. The Parent Company invoices its costs to the Group companies.

Operating profitamounted to SEK 0 m (2), including administrative expenses of SEK-57 m (-51) and other operating income of SEK 57 m (53), of which the full amount relates to income from Group companies. Net financial expenses totaled SEK-297 m (-110).

Result for the period amounted to SEK-297 m (-4).

Solna, April 19, 2024

Juan Vargues President and CEO

REVIEW

This interim report has not been subject to review by the Dometic Group AB (publ)'s external auditor.

^> DOMETIC

CONSOLIDATED INCOME STATEMENT

	Q1	Q1	FY
SEK m	2024	2023	2023
Net sales	6,527	7,289	27,775
Cost of goods sold	-4,709	-5,361	-19,994
Gross Profit	1,818	1,928	7,781
Sales expenses	-540	-562	-2,184
Administrative expenses	-367	-387	-1,530
Research and development expenses	-149	-144	-591
Other operating income and expenses		10	-13
ltems affecting comparability	-11	-26	-167
Amortization of acquisition-related intangible assets	-147	-154	-613
Operating profit	611	667	2,682
Financial income	20	ר ר	168
Financial expenses	-238	-208	-968
Net financial expenses	-218	-196	-800
Profit before tax	392	471	1,883
Taxes	-119	-137	-551
Profit for the period	273	334	1,332
Profit for the period attributable to owners of the Parent Company	273	334	1,332
Earnings per share before and after dilution, SEK - Owners of the Parent Company	0.85	1.04	4.17
Average number of shares, million	319.5	319.5	319.5

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	Q1	Q1	FY
SEK m	2024	2023	2023
Profit for the period	273	334	1,332
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss: Remeasurements of defined benefit pension plans,
net of tax	35	2	8
	35	2	8
Items that may be reclassified subsequently to profit or loss:
Cash flow hedges, net of tax	11	6	3
Gains/losses from hedges of net investments in foreign operations, net of tax	-529	-48	156
Exchange rate differences on translation of foreign operations	2,228	-203	-1,507
	1,710	-245	-1,348
Other comprehensive income for the period	1,745	-243	-1,339
Total comprehensive income for the period attributable
to the owner of the Parent Company	2,018	91	-7

CONSOLIDATED BALANCE SHEET (IN SUMMARY)

ASSETS Non-current assets Goodwill and trademarks 28,478 27,813 27,035 Other intangible assets 7,076 7,410 6,821 2,554 Tangible assets 2,507 2,494 Right-of-use assets 2,045 1,319 1,955 Deferred tax assets 765 626 718 192 Other non-current assets 175 181 39,850 Total non-current assets 41,110 39,204 Current assets 7,700 8,994 7,327 nventories Trade receivables 3,630 2,311 4,045 Current tax assets 168 127 116 Derivatives, current 49 21 // 436 425 533 Other current receivables 221 Prepaid expenses and accrued income 247 248 Cash and cash equivalents 3,347 4,356 4,348 Total current assets 15,551 18,260 14,915 54,119 TOTAL ASSETS 56,661 58,109 EQUITY AND LIABILITIES EQUITY 28,010 26,506 25,992 LIABILITIES Non-current liabilities Long-term borrowings 16,006 15,357 16,335 3,098 3,114 Deferred tax liabilities 2,952 Other non-current liabilities 52 0 1,767 1,053 Leasing liabilities, non-current 1,716 528 Provisions for pensions 503 517 Other provisions, non-current 248 260 237 Total non-current liabilities 21,621 20,365 21,755 Current liabilities 299 3,382 Short-term borrowings 2,948 3,054 2,568 l rade payables Current tax liabilities 143 314 160 40 47 37 Advance payments from customers Leasing liabilities, current 448 387 388 32 Derivatives, current 71 134 Other provision, current 400 ਦਰੋਰੇ 412 1,230 1,790 Other current liabilities 1,266 Accrued expenses and prepaid income 1,594 1,490 1,407 Total current liabilities 7,030 11,239 6,372 TOTAL LIABILITIES 31,604 28,651 28,128 TOTAL EQUITY AND LIABILITIES 56,661 58,109 54,119	SEK m	Mar 31, 2024	Mar 31, 2023	Dec 31, 2023

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (IN SUMMARY)

	01	Q1	FY
SEK m	2024	2023	2023
Opening balance for the period	25,992	26,415	26,415
Profit for the period	273	334	1,332
Other comprehensive income for the period	1.745	-243	-1,339
Total comprehensive income for the period	2,018	91	-7
Transactions with owners
Dividend paid to shareholders of the Parent Company			-415
Total transactions with owners			-415
Closing balance for the period	28,010	26,506	25,992

CONSOLIDATED STATEMENT OF CASH FLOW

	01	01	FY
SEK m	2024	2023	2023
Cash flow from operating activities
Operating profit	611	667	2,682
Adjustment for non-cash items
Depreciation and amortization	382	365	1,525
Other non-cash items	83	32	-13
Changes in working capital
Changes in inventories	39	307	1,826
Changes in trade receivables	-1,188	-1,233	444
Changes in trade payables	251	74	-328
Changes in other working capital	gg	191	-304
Income tax paid	-170	-199	-979
Net cash flow from operations	109	205	4,854
Cash flow from investments
Acquisition of operations, net of cash acquired	-103		-239
Investments in fixed assets	-66	-110	-628
Proceeds from sale of fixed assets	0	O	7
Other investing activities	- ]	-4	-5
Net cash flow from investments	-170	-114	-1,165
Cash flow from financing
Raised long-term borrowings			3,478
Repayment of long-term borrowings	-1,000		-5,754
Changes in short-term borrowings	299
Payment of lease liabilities related to lease agreements	-85	-88	-355
Paid interest	-184	-118	-922
Received interest	14	ಗ	160
Other financing activities	-37	73	123
Dividend paid to shareholders of the Parent Company			-415
Net cash flow from financing	-dd3	-129	-3,685
Cash flow for the period	-1,054	-37	4
Cash and cash equivalents at beginning of period	4,348	4,399	4,399
Exchange differences on cash and cash equivalents	53	-6	-55
Cash and cash equivalents at end of period	3,347	4,356	4,348

PARENT COMPANY INCOME STATEMENT

	Q1	Q1	FY
SEK m	2024	2023	2023
Administrative expenses	-57	-51	-235
Other operating income	57	53	229
Operating profit	O	2	-6
Interest income from Group companies	190	203	855
Other financial income and expenses	-487	-312	-1,198
Net financial expenses	-297	-110	-343
Group contributions		107
Result before tax	-297	-O	-349
axes	0	-4	29
Result for the period	-297	-4	-320
Other comprehensive income
Total comprehensive income	-297	-4	-320

PARENT COMPANY BALANCE SHEET (IN SUMMARY)

SEK m	Mar 31, 2024	Mar 31, 2023	Dec 31, 2023
ASSETS
Non-current assets
Shares in subsidiaries	16,228	16,228	16,228
Other non-current assets	6,527	4,672	6,123
Total non-current assets	22,755	20,900	22,351
Current assets
Current assets	5,054	10,431	5,740
Total current assets	5,054	10,431	5,740
TOTAL ASSETS	27,810	31,331	28,091
EQUITY	11,028	12,056	11,325
PROVISIONS
Provisions	102	108	107
Total provisions	102	108	107
LIABILITIES
Non-current liabilities
Non-current liabilities	16,006	15,357	16,335
Total non-current liabilities	16,006	15,357	16,335
Current liabilities
Current liabilities	674	3,810	324
Total current liabilities	674	3,810	324
TOTAL LIABILITIES	16,781	19,275	16,766
TOTAL EQUITY AND LIABILITIES	27,810	31,331	28,091

CONDENSED NOTES

NOTE 1 | ACCOUNTING PRINCIPLES

Dometic Group AB (publ) and its subsidiaries (together "the Dometic Group", "Dometic" or "the Group") applies International Financial Reporting Standards (IFRS), as endorsed by the European Union. This consolidated Interim Financial Report has been prepared in accordance with IAS 34 'Interim Financial Reporting',

The accounting and valuation principles in this interim report correspond to principles applied by the Group in the 2023 Annual and Sustainability Report and should be read in conjunction with that Annual and Sustainability Report, available at www.dometicgroup.com.

The Swedish Annual Accounts Act and RFR 2 Accounting for Legal Entities, issued by the Swedish Financial Reporting Board, have been applied for the Parent Company. The interim report comprises pages 1-19 and pages 1-12 are thus an integral part of this financial report (IAS 34.16A).

Totals quoted in tables and statements may not always be the exact sum of the individual items because of rounding differences. The aim is for each line item to correspond to its source, and rounding differences may therefore arise

New or amended accounting policies for 2024 adopted by the group

A detailed description of the accounting and valuation principles for new or amended accounting policies for 2024 applied by the Group in this interim report can be found in Note 2.1.1 Changes in accounting policies, New or amended accounting policies for 2024, of the 2023 Annual and Sustainability Report available at www.dometicgroup.com.

NOTE 2 | RISKS AND UNCERTAINTIES

Risks are part of any business and as a global Group with production and distribution all over the world Dometic faces risks that can impact its ability to achieve established strategic and other objectives, including financial targets. Effective risk management of strategic, execution, compliance & regulatory and reporting risks creates opportunities and effective risk mitigation. Dometic's risks and risk management are described on pages 60- 64 and on pages 89-92 in the 2023 Annual and Sustainability Report, available at www.dometicgroup.com.

As communicated before, ACON, the seller of Igloo, has filed a lawsuit against Dometic in the fourth quarter 2022, making certain claims related to the Stock Purchase Agreement ("SPA"). Dometic is confident that the lawsuit lacks any merit, is vehemently contesting this lawsuit and has filed counterclaims against ACON related to its conduct under, and non-compliance with, the SPA. The parties are currently involved in the discovery process and trial is expected to take place in the first quarter, 2025.

NOTE 3 | FINANCIAL INSTRUMENTS

Dometic uses currency forward contracts to hedge part of its cash exposure as well as its exposure to forecasted purchases and sales in foreign currency.

The fair values of Dometic's derivative assets and liabilities were SEK 49 m (77) and SEK 32 m (71). The value of derivatives is based on published prices in an active market. No transfers between levels of the fair value hierarchy have occurred during the period.

For financial assets and liabilities other than derivatives, fair value is assumed to be equal to the carrying amount.

Mar 31, 2024	Balance sheet amount	Financial carrying instruments at instruments at amortized cost	Financial fair value	Derivatives used for hedging
Per category
Derivatives	49		38	11
Financial assets	7,605	7,605
Total financial assets	7,654	7,605	38	ון
Derivatives	32		19	13
Financial liabilities	20,483	19,233	853
Total financial liabilities	20,514	19,233	873	13

NOTE 4 | SEGMENT INFORMATION

All comparative periods have been restated according to the new segment reporting structure. Disclosures of segment information in Note 4 (see next page) has been restated accordingly. The restated financials were communicated on March 27, 2024.

See https://www.dometicgroup.com/en-us/investors

SEGMENT INFORMATION

	Q1	Q1	FY
SEK m	2024	2023	2023
Land Vehicles Americas	829	1,020	4,206
Land Vehicles EMEA	1,734	1,815	6,782
Land Vehicles APAC	316	344	1,435
Marine	1,500	1,701	6,492
Mobile Cooling Solutions	1,473	1,718	6,243
Global Ventures	674	690	2,616
Total Net sales, external	6,527	7,289	27,775
Land Vehicles Americas	-96	-98	-158
Land Vehicles EMEA	205	162	631
Land Vehicles APAC	68	107	447
Marine	353	463	1,626
Mobile Cooling Solutions	113	120	547
Global Ventures	96	92	370
Total Operating profit (EBITA) before items affecting comparability	769	847	3,463
Land Vehicles Americas	-11.5%	-9.6%	-3.8%
Land Vehicles EMEA	11.8%	8.9%
Land Vehicles APAC			9.3%
Marine	30.9%	31.0%	31.2%
	23.6%	27.2%	25.0%
Mobile Cooling Solutions Global Ventures	7.1%	7.0% 13.3%	8.8%
	14.2%		14.1%
Total operating profit (EBITA) before items affecting comparability %	11.8%	11.6%	12.5%
Land Vehicles Americas	-17	-20	-75
Land Vehicles EMEA	-14	-15	-60
Land Vehicles APAC	-2	-2	-10
Marine	-50	-48	-199
Mobile Cooling Solutions	-47	-45	-189
Global Ventures	-18	-23	-81
Total amortization of acqusition-related intangible assets	-147	-154	-613
Land Vehicles Americas	-3	- ]	-11
Land Vehicles EMEA	-7	-18	-131
Land Vehicles APAC	-1	-2	-4
Marine	-		O
Mobile Cooling Solutions	-1	-5	-22
Global Ventures
Total items affecting comparability	-11	-26	-167
Land Vehicles Americas	-116	-118	-244
Land Vehicles EMEA	184	129	441
Land Vehicles APAC	95	103	434
Marine	304	415	1,427
Mobile Cooling Solutions	65	70	336
Global Ventures	78	ട്ടു	289
Total operating profit (EBIT)	611	667	2,682
Land Vehicles Americas	-14.0%	-11.6%	-5.8%
l and Vehicles FMFA	10.6%	7.1%	6.5%
Land Vehicles APAC	30.0%	29.8%	30.2%
Marine	20.3%	24.4%	22.0%
Mobile Cooling Solutions	4.4%	4.1%	5.4%
Global Ventures	11.5%	10.0%	11.0%
Total operating profit (EBIT) %	9.4%	9.2%	9.7%
Financial income	20	11	168
Financial expenses	-238	-208	-968
Taxes	-119	-137	-551
Profit for the period	273	334	1,332

Inter-segment sales

	Q1	Q1	FY
SEK m	2024	2023	2023
Land Vehicles Americas	91	ରେ	213
Land Vehicles EMEA	74	68	236
Land Vehicles APAC	701	569	2,457
Marine	16	ு	31
Mobile Cooling Solutions	O
Global Ventures	O		-
Total eliminations	881	712	2,937

NOTE 5 | NET SALES BY SALES CHANNEL

	01	Q1	Change (%)		FY
SEK m	2024	2023	Reported	Organic	2023
OEM	2,817	3,171	-11%	-13%	11.859
Distribution	1931	2,190	-12%	-13%	8.238
Service & Aftermarket	1.778	1.929	-8%	-10%	7.679
Total net sales, external	6,527	7,289	-10%	-12%	27,775

12Net sales growth excluding acquisitions / divestments and currency translation effects.

NOTE 6 | ITEMS AFFECTING COMPARABILITY

	O	O	FY
SEK m	2024	2023	2023
Global restructuring program		-19	-142
Other	-11	- /	-25
Total	-11	-26	-167

Specification of items affecting comparability by function and other operating income and expenses

Global restructuring program	Q1	Q1	FY
SEK m	2024	2023	2023
Cost of goods sold		-15	-107
Sales expenses		-4	-27
Administrative expenses			-5
Research and development expenses			-O
Other operating income and expenses			-2
Total	-	-19	-142
Other	01	Q1	FY
SEK m	2024	2023	2023
Cost of goods sold	-8		- Î
Sales expenses	0		3
Administrative expenses	-1
Research and development expenses
Other operating income and expenses	-3	-7	-28
Total	-11	-7	-25
Total	Q1	Q1	FY
SEK m	2024	2023	2023
Cost of goods sold	-8	-15	-108
Sales expenses	0	-4	-24
Administrative expenses	-1		-5
Research and development expenses			-0
Other operating income and expenses	-3	-7	-30
Total	-11	-26	-167

NOTE 7 | AMORTIZATION OF ACQUISITION-RELATED INTANGIBLE ASSETS BY FUNCTION

Specification of amortization of acquisition related intangible assets by function and expenses.

	Amortization of
				Customer		Amortization of
			Amortization		Relationship	Intellectual
SEK m			Trademarks	Assets	Technology	Property	Total
Cost of goods sold
	Q1	2024			-18	_7	-19
	Q1	2023			-18	- ]	-19
	FY	2023			-73	-3	-77
Sales expenses
	Q1	2024	-14	-115			-128
	Q1	2023	-23	-112			-135
	FY	2023	-71	-465			-537
Total Amortization of acquisition-related intangible assets
	O	2024	- 4	-115	-18	- ]	-147
	Q1	2023	-23	-112	-18	- ]	-154
	FY	2023	-71	-465	-73	-3	-613

NOTE 8 | ADJUSTED EARNINGS PER SHARE

Specification of Adjusted earnings per share excludes the impact from anortization of acquisition-related intangible assess and items affecting comparability.

	Ol	Ol	FY
SEK m	2024	2023	2023
Profit before tax, reported	392	471	1,883
A) Adjustment for amortization of acquisition-related intangible assets	147	154	613
B) Adjustment for items affecting comparability	11	26	167
Profit before tax, adjusted	550	651	2,663
Taxes, reported	-119	-137	-551
Taxes, adjustment for A) and B)	-46	-52	-218
Profit for the period, adjusted	385	462	1,895
Average number of shares, million	319.5	319.5	319.5
Earnings per share, adjusted	1.21	1.44	5.93

NOTE 9 | NET DEBT TO EBITDA LEVERAGE RATIO

Specification of Net debt to EBITDA leverage ratio.

SEK m	Mar 31, 2024	Mar 31, 2023	Dec 31, 2023
Long-term borrowings	16,006	15,357	16,335
Short-term borrowings	299	3,382	-0
Add back capitalized transaction costs	38	35	43
Borrowings excluding capitalized transaction costs	16,343	18,774	16,377
Total cash and cash equivalents	-3,347	-4,356	-4,348
Net Debt*	12,996	14,417	12,029
EBITDA before items affecting comparability (i.a.c) LTM	4,321	4,550	4,374
EBITDA Acquisitions proforma LTM
EBITDA before i.a.c. incl acquisitions proforma LTM	4,321	4,550	4,374
Net debt to EBITDA leverage ratio	3,0x	3,2x	2,7x

* Net debt excluding provision for pension and accrued interest

NOTE 10 | RIGHT-OF-USE ASSETS

Right-of-use assets information is specified below:

Depreciation & amortization	01	Q1	FY
SEK m	2024	2023	2023
Depreciation and amortization	-382	-365	-1,525
Add back depreciation related to right-of- use assets	98	88	381
Total	-284	-278	-1.143

Right-of-use assets Mar 31, Mar 31, Dec 31, SEK m 2024 2023 2023 1,961 1,251 1,902 Buildings Machinery, equipment and other technical 83 67 રૂઝ installations Total 2,045 1,319 1,955

NOTE 11 | TRANSACTIONS WITH RELATED PARTIES

No transactions between Dometic and related parties that have significantly affected the company's position and earnings took place during the first quarter 2024.

NOTE 12 | ACQUISITIONS AND DIVESTMENTS

Dometic has not made any acquisitions or divestments during the first quarter of 2024.

Effect on group cash flow

The cash flow effect from paid deferred considerations is classified within Cash flow from investments on row "Acquisition of operations, net of cash acquired". Cash flow effects from paid deferred consideration on previous acquisitions amounted SEK -103 m (-) during the quarter.

NOTE 13 | SIGNIFICANT EVENTS AFTER THE PERIOD

At the 2024 Annual Shareholders Meeting held on April 11, 2024, Fredrik Cappelen was re-elected as member and Chairman of the Board of Directors. Heléne Vibbleus, Peter Sjölander, Erik Olsson, Jacqueline Hoogerbrugge, Rainer Schmückle, Mengmeng Du and Patrik Frisk were re-elected as members of the Board of Directors. The proposed dividend of SEK 1.90 per share was approved.

There have been no other significant events that have impacted the financial reporting after the balance sheet date.

RECONCILIATION OF NON-IFRS MEASURES TO IFRS (ALTERNATIVE PERFORMANCE MEASURES)

Dometic presents some financial measures in this internet by FRS. Dometic believes that these measures provide valuable additional information to investors and management for evaluating the Group sfinance, financial position and trends in the operations. It should be noted that these measures, as defined, may not be comparable to similarly titled measures used by other companies. These non-FRS measures should not be considered as substitutes for financial reporting measures prepared in accordance with IFRS. See www.dometicgroup.com for the detailed reconciliation.

	Adjusted earnings per share Net profit for the impact from amorization of acquisition related intangible assets and liens affecting comparability, divided by average number of shares. See note 8.
bearing debts	Average maturity of interest- Interest-bearing debs excluding provisions for pension costs divided by the number of outstanding days until maturity.
Core working capital	Consists of inventories and trade receivables less trade payables.
Core working capital/net sales	Average core working capital from the previous four quarters divided by the last 12 months rolling net sales.
EBITDA and EBITDA margin	Operating profit (EBT) before Depreciation and Amortization also includes depreciation of right-of-use assets in accordance with IFRS 16 Leases, divided by net sales gives corresponding margin.
EBITA and EBITA margin	Operating profit (EBIT) before Amortization of acquisition-related intangible assets, divided by net sales equals the marqin.
i.a.c. margin	EBTTA befi.a.c. and EBTA bef Operating profit (EBIT) before Amorization of acquisition related intangible assess and items affecting comparability, divided by net sales qives corresponding marqin.
Net debt	Total borrowings including provisions for pensions, accrued interest and capitalized transaction costs, less cash and cash equivalents.
ratio	Net debt to EBITDA leverage Net debt excluding provisions, accrued interest and capitalized transaction costs in relation to last twelve months EBITDA before items affecting comparability and including acquisitions proforma. Any cash deposits with tax authorities are treated as cash in the leverage calculation. See note 9.
Operating cash flow	Cash flow from operations after investments in fixed assets excluding income tax paid. Paid interest is part of net cash flow from financing.
Organic growth	Net sales growth excluding acquisitions/divestments and currency translation effects. Quarters are calculated at comparable currency, applying the latest period average rate.
Capital	RoOC - Return on Operating - Operating profit (EBIT) for the four previous quaters, divided by the arerious four quarters, excluding goodwill and trademarks.

DEFINITIONS AND KEY RATIOS

	CO2 ton / net sales SEK m month delay in reporting. Excl. acquisitions made 2021 and 2022. Scope 1: direct emissions from sources such as emissions from natural gas combustion in the operations of Group's manufacturing and production sites. Scope 2: indirect emissions from purchased electricity and district heating for offices, dormitories, manufacturing sites and distribution centers.
CPV	Commercial and Passenger Vehicles.
Earnings per share ("EPS")	Net profit for the period divided by average number of shares.
FY 2023	Full Year. January to December 2023 for Income statement.
i.a.c. - items affecting comparability	ltems affecting comparability are events or transactions with significant financial effects, which are relevant ing the financial performance when comparing profit for the current perious periods. Items included are for example restructuring programs, expenses related to major revaluations, gains and losses from acquisitions or disposals of subsidiaries, or transaction costs related to major mergers and acquisitions.
Interest-bearing debt	Total borrowings (including capitalized transaction costs) and provisions for pensions.
LIFFR	Lost Time Injury Frequency Rate. Work related accidents with lost time >=1 day per million working hours. Rolling twelve months with 1 months delay in reporting. Excludes acquisitions made in 2021 and 2022.
LTM	Last twelve months.
OEM	Original Equipment Manufacturers.
Operating capital	Interest-bearing debt plus equity less cash and cash equivalents.
Operating capital excluding goodwill and trademarks	Interest-bearing debt plus equity less cash and cash equivalents, excluding goodwill and trademarks.
Operating profit (EBIT) and corresponding margin	Operating profit (EBIT) before financial items and taxes. Divided by net sales gives corresponding marqin.
Product innovation index	Share of net sales last 12 months from products launched past three years.
Q1 2024 and Q1 2023	January to March 2024 and 2023 for Income Statement.
RV	Recreational Vehicles.
Share of female managers	Percentage of female managers in the end of each period. Excludes acquisitions made in 2021 and 2022.
ESG audited	Share of new suppliers being Percentage of new significant direct material supplies that have been ESG audited (on-site, remote of 3rd party audits), with one month delay in reporting. Measuring period to be included as a new supplier is (anuary 1, 2022 until end of 2024. Excludes acquisitions made in 2021 and 2022.
Working capital	Core working capital plus other current assets less other current liabilities and provisions relating to operations.

PRESENTATION OF THE REPORT

Analysts and media are invited to participate in a telephone conference at 10.00 (CEST), April 19 , 2024, during which President and CEO, Juan Vargues and CFO, Stefan Fristedt, will present the report and answer questions. To participate in the webcast/telephone conference, please dial in five minutes prior to the conference call. The webcast URL and presentation are available at www.dometicgroup.com.

Webcast link:

https://dometic.videosync.fi/2024-04-19-q1-2024/register

TO PARTICIPATE IN CONFERENCE CALL TO ASK QUESTIONS

Those who wish to participate in the conference call to ask question with the webcast are welcome to register on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference.

Registration link:

https://service.flikmedia.se/teleconference/?id=100404

FOR FURTHER INFORMATION, PLEASE CONTACT

Rikard Tunedal

Head of Investor Relations Phone: +46 730 56 97 35 E-mail:rikard.tunedal@dometic.com

Dometic Group AB (publ)

Hemvärnsgatan 15 SE-171 54 Solna. Sweden Phone: +46 8 501 025 00 www.dometicaroup.com Corporate registration number 556829-4390

This information is information that Dometic Group AB (public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on April 19, 2024.

This document is a translation of the Swedish version of the interim report. In the event of any discrepancy, the Swedish wording shall prevail.

ABOUT DOMETIC

Dometic is a global market leader in the mobile living industry. Millions of people around the world use Dometic products in Outdoor, Residential, and Professional application is to create smart, sustainable, and reliable products with outstanding design for an outdoor and mobile lifestyle in the areas of Food & Beverage, Climate, Power & Control, and Other Applications. Dometic employs approximately 8,000 people worldwide, had net sales of SEK 27.8 billion in 2023 and is headquartered in Solna, Sweden.

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 of business and operating initiatives. (c) changes in the regulatory environment and other government actions, (d) fluctuations in exchange rates and (e) business risk management.

FINANCIAL CALENDAR

July 18, 2024 October 23, 2024 January 29, 2025

Interim report for the second quarter 2024 Interim report for the third quarter 2024 Q4 and full year 2024 report