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Thule Group (publ) interim report, second quarter, April–June 2020

  • Net sales for the quarter amounted to SEK 2,043m (2,311), corresponding to a decrease of 11.6 percent. Adjusted for exchange rate fluctuations, sales declined 12.3 percent.
  • Operating income amounted to SEK 430m (558), corresponding to a decrease of 23.0 percent and a margin of 21.0 percent (24.1). Adjusted for exchange rate fluctuations, the margin declined 3.0 percentage points.
  • Net income was SEK 312m (419).
  • Cash flow from operating activities totaled SEK 523m (431).
  • Earnings per share before dilution amounted to SEK 3.02 (4.06).
  • The coronavirus pandemic had a significant negative impact on sales in the quarter.


Fredrik Erlandsson SVP Communications and Investor Relations
Tel: +46 70 309 00 21

About Thule Group

Thule Group is a world leader in products that make it easy to bring the things you care for — easily, securely and in style — when living an active life. Under the motto Active Life, Simplified. — we offer products within Sport&Cargo Carriers (e.g. roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Active with Kids (e.g. bicycle trailers, buggies and child bike seats), RV Products (e.g. awnings, bike racks and tents for motorhomes and caravans) and Packs, Bags & Luggage (e.g. hiking backpacks, luggage and camera bags).

Thule Group has about 2,400 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2019, sales amounted to SEK 7 billion.

This information is information that Thule Group is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-07-21 07:45 CEST.


Thule Group (publ) Interim Report For The Second Quarter 2020

Författare Thule Group

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