RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Dometic Group Earnings Grow

Tue Nov 1, 2016

Third quarter earnings for Dometic Group were reported recently by the company to be eight percent, with net sales for the quarter increasing by nine percent.

The company also announced an operating profit, before items affecting comparability, amounting to $47.6 million, representing a margin of 13.6 percent.

Cash flow for the period totaled about $47.2 million, with operating cash flow of $59.8 million. Profit for the third quarter was $34 million, according to the company. Earnings per share were $0.12.

“The third quarter showed overall solid performance,” CEO Roger Johansson says. “It is encouraging to see that our aftermarket business is performing particularly well, and that the Marine business is showing strong development.”

“Items related to rebranding, legal fees and inventory write-downs have had a negative impact on the result in the third quarter,” he says.

“The global outlook for the RV markets remains positive,” Johansson says, “with Europe continuing to show particularly strong growth. We remain confident for the rest of 2016 and expect the positive dynamics in our main markets to continue into 2017.”

Dometic produces RV components relating to climate, hygiene and sanitation, and food and beverages. Dometic operates in the Americas, Europe, and the Asian pacific, providing products for use in recreational vehicles, trucks and premium cars, pleasure and workboats, and for a variety of other uses. Dometic employs approximately 6,500 people worldwide and is headquartered in Solna, Sweden.