Thule Group (publ) - Interim report, first quarter, January-March, 2024
April 26, 2024 at 01:45 am EDT
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The period in brief
Net sales for the quarter amounted to SEK 2,420m (2,226), corresponding to an increase of 8.7 percent. Adjusted for exchange rate fluctuations, sales increased by 8.0 percent.
Operating income amounted to SEK 412m (382), corresponding to a margin of 17.0 percent (17.2).
Net income amounted to SEK 300m (275).
Earnings per share before dilution amounted to SEK 2.83 (2.63).
Cash flow from operating activities totaled SEK 89m (19).
Thule Group AB is a Sweden-based company engaged in the development and manufacture of sport, outdoor and cargo products. Its offering is divided in two business segments: Outdoor&Bags and Specialty. The Outdoor&Bags segment comprises three product categories: sport and cargo carriers, bags for electronic devices, and other outdoor and bags; as well as several product groups, namely bike and car carriers, water and winter carriers, camera bags, laptop cases, recreational vehicle products, roof racks, and sports and travel bags, among others. The Specialty segment comprises two product categories: work gear and snow chains; and such product groups as pick-up truck tool boxes, and professional and consumer snow chains. The Companyâs brands are Thule, Case Logic, Konig, UWS, TracRac and SportRac. Its products are sold to retailers, distributors and wholesalers and available in more than 130 countries. The Company is a subsidiary of Thule Group.