{"id":4048,"date":"2024-07-17T06:45:00","date_gmt":"2024-07-17T05:45:00","guid":{"rendered":"https:\/\/vero.se\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2024\/"},"modified":"2024-07-17T06:45:00","modified_gmt":"2024-07-17T05:45:00","slug":"thule-group-publ-interim-report-second-quarter-april-june-2024","status":"publish","type":"mfn_news","link":"https:\/\/vero.se\/en\/mfn_news\/thule-group-publ-interim-report-second-quarter-april-june-2024\/","title":{"rendered":"Thule Group (publ) &#8211; Interim report, second quarter, April-June 2024"},"content":{"rendered":"<div class=\"mfn-body\">\n<ul>\n<li><strong>Net sales<\/strong> for the quarter amounted to SEK 3,099m (3,029), corresponding to an increase of 2.3 percent. Adjusted for exchange rate fluctuations, sales increased by 1.6 percent.<\/li>\n<li><strong>Operating income<\/strong> for the quarter amounted to SEK 732m (711), corresponding to a margin of 23.6 percent (23.5).<\/li>\n<li><strong>Net income<\/strong> for the quarter was SEK 559m (539).<\/li>\n<li><strong>Earnings per share before dilution<\/strong> amounted to SEK 5.28 (5.14) for the quarter.<\/li>\n<li><strong>Cash flow from operating activities<\/strong> totaled SEK 879m (718) for the quarter.<\/li>\n<li><strong>New financing agreement<\/strong> \u2014 Thule Group has entered a new financing agreement that replaces the agreement entered in June 2018. The new agreement, which came into force in the second quarter of 2024, is for a total financing amount of EUR 400m and consists of a combination of a revolving credit facility of EUR 320m and a long-term loan of EUR 80m.<\/li>\n<li>The company Reacha (good goods tegernsee Gmbh) was acquired in early July. The company sells bike trailers for transporting water sport and other equipment and had sales of about SEK 9m in 2023.<\/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 \/>Toby Lawton, CFO <br \/>E-mail: <a href=\"mailto:fredrik.erlandsson@thule.com\" rel=\"noopener\" target=\"_blank\">toby.lawton@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-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 2024-07-17 07:45 CEST.<\/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\/51183bcb-6972-455c-80df-13fa346f1961\/thule-group-publ-interim-report-second-quarter-2024.pdf\" rel=\"noopener\" target=\"_blank\">Thule Group (publ) Interim Report Second Quarter, 2024<\/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\/51183bcb-6972-455c-80df-13fa346f1961\/thule-group-publ-interim-report-second-quarter-2024.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/51183bcb-6972-455c-80df-13fa346f1961\/thule-group-publ-interim-report-second-quarter-2024.pdf?type=jpg\"><\/span>Thule Group (publ) Interim Report Second Quarter, 2024<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Net sales for the quarter amounted to SEK 3,099m (3,029), corresponding to an increase of 2.3 percent. Adjusted for exchange rate fluctuations, sales increased by 1.6 percent. Operating income for the quarter amounted to SEK 732m (711), corresponding to a margin of 23.6 percent (23.5). Net income for the quarter was SEK 559m (539). Earnings [&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-4048","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 2024 - 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-2024\/\" \/>\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 2024 - Kommunikationsbyr\u00e5 Stockholm | Vero Kommunikation AB\" \/>\n<meta property=\"og:description\" content=\"Net sales for the quarter amounted to SEK 3,099m (3,029), corresponding to an increase of 2.3 percent. 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