Dometic Prepares to Unveil Cost Cuts, Move Beyond RV Slump
- CEO preparing to unveil new strategic direction, cost savings
- Dometic seeks to diversify beyond RV market after recent slump
This article is for subscribers only.
Dometic AB’s chief executive officer is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats.
With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market for recreational vehicles that has helped send Dometic’s shares down some 30 percent so far this year.