Thule Group (publ) – Interim report, third quarter, July–September 2022

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Third Quarter

  • Net sales for the quarter amounted to SEK 2,139m (2,772), corresponding to a decrease of 22.8 percent. Adjusted for exchange rate fluctuations, sales declined 29.4 percent.
  • Operating income amounted to SEK 193m (670), corresponding to a margin of 9.0 percent (24.2).
  • Net income amounted to SEK 137m (516).
  • Cash flow from operating activities totaled SEK 543m (534).
  • Earnings per share before dilution amounted to SEK 1.31 (4.94).

January-September

  • Net sales for the first nine months of the year amounted to SEK 8,487m (8,540), corresponding to a decrease of 0.6 percent. Adjusted for exchange rate fluctuations, sales declined 7.1 percent.
  • Operating income amounted to SEK 1,703m (2,150), corresponding to a margin of 20.1 percent (25.2).
  • Net income amounted to SEK 1,291m (1,636).
  • Cash flow from operating activities totaled SEK 506m (1,473).
  • Earnings per share before dilution amounted toSEK 12.35 (15.64).

Contacts

Fredrik Erlandsson SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: fredrik.erlandsson@thule.com

About Thule Group

Thule Group is a global sports and outdoor company.
We offer high-quality products with smart features and a sustainable design that make it easy for people across the globe to live an active life. Under the motto Active Life, Simplified. — and with a focus on consumer-driven innovation and long-term sustainability — we develop, manufacture and market products within the product categories Sport&Cargo Carriers (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Juvenile&Pet Products (strollers, bike trailers and child bikeseats), RV Products (awnings, bike racks and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage and camera bags).

Thule Group has about 3,300 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2021, sales amounted to SEK 10.4 billion.
www.thulegroup.com

This information is information that Thule Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-10-27 07:45 CEST.

Attachments

Thule Group (publ) Interim Report For The Third Quarter 2022

Thule Group (publ) Interim Report For The Third Quarter 2022
Maria Montgomery
Projektledare
070 757 84 85
maria@vero.se

Maria är projektledare på Vero sedan 2021 och arbetar främst med strategisk kommunikationsrådgivning. Hon har lett uppdrag inom kriskommunikation, företagsförvärv och fungerat som kommunikationsansvarig för både noterade och onoterade bolag.

Tidigare arbetade Maria som kommunikationsstrateg på Stockholms stad med fokus på förändringsprocesser, projektledning, sociala medier, webb, event och mediehantering. Hon har en examen i strategisk kommunikation från Lunds universitet och en utbildning i projektledning från Berghs.

”Det du vattnar, det växer.”

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