{"id":3804,"date":"2022-07-21T06:45:00","date_gmt":"2022-07-21T05:45:00","guid":{"rendered":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/"},"modified":"2022-07-21T06:45:00","modified_gmt":"2022-07-21T05:45:00","slug":"thule-group-publ-interim-report-second-quarter-april-june-2022","status":"publish","type":"mfn_news","link":"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/","title":{"rendered":"Thule Group (publ) &#8211; Interim report, second quarter, April-June 2022"},"content":{"rendered":"<div class=\"mfn-body\">\n<ul>\n<li><strong>Net sales<\/strong> 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.<\/li>\n<li><strong>Operating income<\/strong> amounted to SEK 817m (886), corresponding to a margin of 24.7 percent (27.4).<\/li>\n<li><strong>Net income<\/strong> amounted to SEK 626m (672)<\/li>\n<li><strong>Cash flow from operating activities <\/strong>totaled SEK 489m (867).<\/li>\n<li><strong>Earnings per share before dilution <\/strong>amounted to<strong> <\/strong>SEK 5.99 (6.43).<\/li>\n<li><strong>New long-term targets<\/strong> 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 &gt;20 percent and the dividend level of &gt;75 percent of net profit as well as the Group\u2019s ambitious sustainability goals remain unchanged.<\/li>\n<li><strong>Growth plans in two new product areas<\/strong> 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 <em>Active with Kids<\/em> and that will be renamed <em>Juvenile &amp; Pet Products<\/em> going forward.<\/li>\n<\/ul>\n<\/div>\n<div class=\"mfn-footer mfn-contacts mfn-6580929907e9\">\n<p><strong class=\"mfn-heading-1\">Contacts<\/strong><\/p>\n<hr\/>\n<p>Fredrik Erlandsson SVP Communications and Investor Relations  <br \/>Tel: +46 70 309 00 21  <br \/>E-mail: <a href=\"mailto:fredrik.erlandsson@thule.com\" target=\"_blank\" rel=\"nofollow noopener\">fredrik.erlandsson@thule.com<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about mfn-3d8b2fc4095a\">\n<p><strong class=\"mfn-heading-1\">About Thule Group<\/strong><\/p>\n<hr\/>\n<p>Thule Group is a global sports and outdoor company.<br \/>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 <em>Active Life, Simplified.<\/em> \u2014 and with a focus on consumer-driven innovation and long-term sustainability \u2014 we develop, manufacture and market products within the product categories <strong>Sport&amp;Cargo Carriers<\/strong> (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), <strong>Juvenile&amp;Pet Products<\/strong> (strollers, bike trailers and child bikeseats), <strong>RV Products<\/strong> (awnings, bike racks and tents for RVs and caravans) and <strong>Packs, Bags &amp; Luggage<\/strong> (hiking backpacks, luggage and camera bags).<\/p>\n<p>Thule Group has about 3,300 employees at 9 production facilities and 35 sales offices worldwide. The Group\u2019s products are sold in 140 markets and in 2021, sales amounted to SEK 10.4 billion.<br \/>www.thulegroup.com<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar-vpml\">\n<p><em>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 2022-07-21 07:45 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr\/>\n<p><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/b58dab77-16fe-41b2-b21e-56a1727750b6\/thule-group-publ-interim-report-for-the-second-quarter-2022.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Thule Group (publ) Interim Report For The Second Quarter 2022<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/b58dab77-16fe-41b2-b21e-56a1727750b6\/thule-group-publ-interim-report-for-the-second-quarter-2022.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/b58dab77-16fe-41b2-b21e-56a1727750b6\/thule-group-publ-interim-report-for-the-second-quarter-2022.pdf?type=jpg\"><\/span>Thule Group (publ) Interim Report For The Second Quarter 2022<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>","protected":false},"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"class_list":["post-3804","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-report-interim-q2","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report","mfn-news-tag-mfn-regulatory-vpml"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/\",\"url\":\"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/\",\"name\":\"Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\",\"isPartOf\":{\"@id\":\"https:\/\/vero.se\/#website\"},\"datePublished\":\"2022-07-21T05:45:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Hem\",\"item\":\"https:\/\/vero.se\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MFN News Items\",\"item\":\"https:\/\/vero.se\/mfn_news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Thule Group (publ) &#8211; Interim report, second quarter, April-June 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vero.se\/#website\",\"url\":\"https:\/\/vero.se\/\",\"name\":\"Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/vero.se\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vero.se\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vero.se\/#organization\",\"name\":\"Vero Kommunikation AB\",\"url\":\"https:\/\/vero.se\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vero.se\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vero.se\/wp-content\/uploads\/2019\/11\/logo2.png\",\"contentUrl\":\"https:\/\/vero.se\/wp-content\/uploads\/2019\/11\/logo2.png\",\"width\":779,\"height\":589,\"caption\":\"Vero Kommunikation AB\"},\"image\":{\"@id\":\"https:\/\/vero.se\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/","og_locale":"en_GB","og_type":"article","og_title":"Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB","og_description":"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 [&hellip;]","og_url":"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/","og_site_name":"Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/","url":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/","name":"Thule Group (publ) - Interim report, second quarter, April-June 2022 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB","isPartOf":{"@id":"https:\/\/vero.se\/#website"},"datePublished":"2022-07-21T05:45:00+00:00","breadcrumb":{"@id":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Hem","item":"https:\/\/vero.se\/"},{"@type":"ListItem","position":2,"name":"MFN News Items","item":"https:\/\/vero.se\/mfn_news\/"},{"@type":"ListItem","position":3,"name":"Thule Group (publ) &#8211; Interim report, second quarter, April-June 2022"}]},{"@type":"WebSite","@id":"https:\/\/vero.se\/#website","url":"https:\/\/vero.se\/","name":"Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB","description":"","publisher":{"@id":"https:\/\/vero.se\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vero.se\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/vero.se\/#organization","name":"Vero Kommunikation AB","url":"https:\/\/vero.se\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vero.se\/#\/schema\/logo\/image\/","url":"https:\/\/vero.se\/wp-content\/uploads\/2019\/11\/logo2.png","contentUrl":"https:\/\/vero.se\/wp-content\/uploads\/2019\/11\/logo2.png","width":779,"height":589,"caption":"Vero Kommunikation AB"},"image":{"@id":"https:\/\/vero.se\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/vero.se\/en\/wp-json\/wp\/v2\/mfn_news\/3804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vero.se\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/vero.se\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/vero.se\/en\/wp-json\/wp\/v2\/media?parent=3804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}