{"id":3873,"date":"2024-02-09T07:45:00","date_gmt":"2024-02-09T06:45:00","guid":{"rendered":"https:\/\/vero.se\/mfn_news\/thule-group-publ-year-end-report-fourth-quarter-october-december-2023\/"},"modified":"2024-02-09T07:45:00","modified_gmt":"2024-02-09T06:45:00","slug":"thule-group-publ-year-end-report-fourth-quarter-october-december-2023","status":"publish","type":"mfn_news","link":"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-year-end-report-fourth-quarter-october-december-2023\/","title":{"rendered":"Thule Group (publ) Year-end report, fourth quarter, October\u2013December 2023"},"content":{"rendered":"<div class=\"mfn-body\">\n<p><strong>Fourth Quarter<\/strong><\/p>\n<ul>\n<li><strong>Net sales<\/strong> for the quarter amounted to SEK 1,566m (1,651), corresponding to a decrease of 5.2 percent. Adjusted for exchange rate fluctuations, sales declined 5.6 percent.<\/li>\n<li><strong>Operating income<\/strong> amounted to SEK 53m (4), corresponding to a margin of 3.4 percent (0.2).<strong> <\/strong>Adjusted for exchange rate fluctuations, the operating margin increased 2.8 percentage points.<\/li>\n<li><strong>Net income<\/strong> amounted to SEK 24m (Loss: 16).<\/li>\n<li><strong>Cash flow from operating activities <\/strong>totaled SEK 276m (110).<\/li>\n<li><strong>Earnings per share before dilution <\/strong>amounted to<strong> <\/strong>SEK 0.23 (loss: 0.15).<\/li>\n<li><strong>The Board of Directors proposes a dividend<\/strong> of SEK 9.50 per share (9.20) which, based on the number of shares outstanding on February 9, 2024, corresponds to a dividend of SEK 1,004m (967).<\/li>\n<\/ul>\n<p><strong><br \/><\/strong><strong>Full year<\/strong><\/p>\n<ul>\n<li><strong>Net sales<\/strong> for the full year amounted to SEK 9,132m (10,138), corresponding to a decrease of 9.9 percent. Adjusted for exchange rate fluctuations, sales declined 15.2 percent.<\/li>\n<li><strong>Operating income<\/strong> amounted to SEK 1,505m (1,706), corresponding to a margin of 16.5 percent (16.8).<strong> <\/strong>Adjusted for exchange rate fluctuations, the operating margin decreased 0.8 percentage points.<\/li>\n<li><strong>Net income<\/strong> amounted to SEK 1,099m (1,275).<\/li>\n<li><strong>Cash flow from operating activities <\/strong>totaled SEK 1,850m (616).<\/li>\n<li><strong>Earnings per share before dilution <\/strong>amounted to<strong> <\/strong>SEK 10.45 (12.19).<\/li>\n<\/ul>\n<\/div>\n<div class=\"mfn-footer mfn-contacts mfn-6580929907e9\">\n<hr \/>\n<p><strong class=\"mfn-heading-1\">Contacts<\/strong><br \/>Fredrik Erlandsson SVP Communications and Investor Relations  <br \/>Tel: +46 70 309 00 21  <br \/>E-mail: <a href=\"mailto:fredrik.erlandsson@thule.com\" rel=\"noopener\" target=\"_blank\">fredrik.erlandsson@thule.com<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about mfn-3d8b2fc4095a\">\n<hr \/>\n<p><strong class=\"mfn-heading-1\">About Thule Group<\/strong><br \/>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 <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>(car seats, strollers, bike trailers, child bike seats and dog transport), <strong>RV Products<\/strong> (awnings, bike carriers and tents for RVs and caravans) and <strong>Packs, Bags &amp; Luggage<\/strong> \u00a0(hiking backpacks, luggage and camera bags).<br \/>Thule Group has about 2,600 employees at nine production facilities and 35 sales offices worldwide. The Group\u2019s products are sold in 138 markets and in 2023, sales amounted to SEK 9.1 billion.<br \/>www.thulegroup.com<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p><em>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 2024-02-09 07:45 CET.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<hr \/>\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><br \/><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/6232a353-05f0-43fa-9f08-1cdd3cdbbc21\/thule-group-publ-year-end-report-fourth-quarter-2023.pdf\" rel=\"noopener\" target=\"_blank\">Thule Group (publ) Year End Report, Fourth Quarter, 2023<\/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\/6232a353-05f0-43fa-9f08-1cdd3cdbbc21\/thule-group-publ-year-end-report-fourth-quarter-2023.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/6232a353-05f0-43fa-9f08-1cdd3cdbbc21\/thule-group-publ-year-end-report-fourth-quarter-2023.pdf?type=jpg\"><\/span>Thule Group (publ) Year End Report, Fourth Quarter, 2023<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Fourth Quarter Net sales for the quarter amounted to SEK 1,566m (1,651), corresponding to a decrease of 5.2 percent. Adjusted for exchange rate fluctuations, sales declined 5.6 percent. Operating income amounted to SEK 53m (4), corresponding to a margin of 3.4 percent (0.2). Adjusted for exchange rate fluctuations, the operating margin increased 2.8 percentage points. [&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-3873","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-regulatory","mfn-news-tag-mfn-report","mfn-news-tag-mfn-report-interim-q4"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Thule Group (publ) Year-end report, fourth quarter, October\u2013December 2023 - 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-year-end-report-fourth-quarter-october-december-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thule Group (publ) Year-end report, fourth quarter, October\u2013December 2023 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\" \/>\n<meta property=\"og:description\" content=\"Fourth Quarter Net sales for the quarter amounted to SEK 1,566m (1,651), corresponding to a decrease of 5.2 percent. 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