Nomination committee appointed ahead of 2023 Annual General Meeting of Thule Group (publ)

In accordance with the decision of the Annual General Meeting, Thule Group´s nomination committee shall consist of the four largest shareholders as of August 31 each year and the Chairman of the Board, who also convenes the first meeting of the Nomination Committee. Thule Group hereby announces that the nomination committee has now been appointed ahead of the Annual General Meeting in April 2023.

Trading update on the impact of the current market situation within the bike retail sector

Thule Group communicated in the half-year report on July 21 that the general market situation in bike retail, at the time, was unstable with high inventory levels of bikes and bike accessories in the low- to mid-price segment and that the situation could impact the demand for Thule products. The situation has amplified, as bike retailers around the world have reduced their purchases significantly in the third quarter when comparing with the record year 2021. We believe that the chosen approach of the bike retail sector will continue in the near future and therefore impact Thule Group with reduced sales and profitability until next biking season in the spring of 2023.

Thule Group to reveal products for entry into car seat category and many other innovative products at 2022 Kind + Jugend trade fair

The Kind + Jugend trade fair taking place on September 8-10 in Cologne, Germany, is one of the leading international juvenile fairs – the perfect place for Thule to announce its entry into a new juvenile product category, infant and toddler car seats. At the trade show Thule will show retailers many new products for next season, such as an innovative air purification solution for the Thule Shine stroller and an update of the entire child bike seat portfolio. Thule will also present Smidiga30, the brand’s concept for a battery-powered bike trailer that utilizes the latest in e-bike technology.


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