Net sales for the quarter amounted to SEK 3,314m (3,229), corresponding to an increase of 2.6 percent. Adjusted for exchange rate fluctuations, sales declined 3.4 percent.
Operating income amounted to SEK 817m (886), corresponding to a margin of 24.7 percent (27.4).
Net income amounted to SEK 626m (672)
Cash flow from operating activities totaled SEK 489m (867).
Earnings per share before dilution amounted toSEK 5.99 (6.43).
New long-term targets were presented at the capital markets day held on May 11. The sales target was raised to SEK 20 billion for 2030 (previously SEK 16 billion). The EBIT margin target of >20 percent and the dividend level of >75 percent of net profit as well as the Group’s ambitious sustainability goals remain unchanged.
Growth plans in two new product areas were also presented at the capital markets day. In 2023, Thule products will be launched in the market segments of car seats and dog transport products. These two product areas will be reported together with other products in the product category currently called Active with Kids and that will be renamed Juvenile & Pet Products going forward.
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