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Thule Group (publ) – Year-end report, fourth quarter, October–December 2022

Fourth Quarter Net sales for the quarter amounted to SEK 1,651m (1,846), corresponding to a decrease of 10.6 percent. Adjusted for exchange rate fluctuations, sales declined 21.0 percent. Operating income amounted to SEK 4m (190), corresponding to a margin of 0.2 percent (10.3). Adjusted for exchange rate fluctuations, the operating margin decreased 11.5 percentage points. …

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Mattias Ankarberg appointed new president and CEO of Thule Group AB (publ)

Thule Group’s board of directors has today decided to appoint Mattias Ankarberg as the new president and CEO of the company. To secure a seamless handover, Magnus Welander will remain in his role until Mattias Ankarberg has finished his current role.

Thule releases Thule Arcos – a new hardshell cargo box for the back of the car: bring more, go farther

The new cargo box Thule Arcos puts the cargo on the back of your car for easy accessibility and great aerodynamics. Thule Arcos is perfect if your car has limited cargo space or if you don’t want to mount anything on the roof.

Thule Group sets Net-zero Targets for 2050

Thule Group has a long-established and ambitious sustainability strategy. Now we are taking another step in setting targets for our ambition to reduce the company’s environmental impact. Thule Group has applied for approval for Net-zero Targets for 2050.

Invitation to conference call with web presentation of Thule Group’s Year-end report and report for the fourth quarter (October-December), 2022

On Friday, February 10, 2023 at 07:45 a.m. (CET) Thule Group AB (publ) will publish the Year-end report and report for the fourth quarter (October-December), 2022. Following the report’s publication, Thule Group will arrange a conference call with a web presentation.

Thule Groups’ (publ) CEO and President, Magnus Welander, comments on the company’s Interim Q3 Report, 2022

Challenging quarter with rapid slowdown in bike-related categories.

Thule Group (publ) – Interim report, third quarter, July–September 2022

Third Quarter Net sales for the quarter amounted to SEK 2,139m (2,772), corresponding to a decrease of 22.8 percent. Adjusted for exchange rate fluctuations, sales declined 29.4 percent. Operating income amounted to SEK 193m (670), corresponding to a margin of 9.0 percent (24.2). Net income amounted to SEK 137m (516). Cash flow from operating activities …

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Clarification of the previously communicated impact from the current market situation in the bicycle industry

On September 11, 2022, Thule Group gave a trading update on the negative impact of the current market situation in bike retail. High inventory levels of bicycles and bicycle accessories at retailers in Europe as well as North America were expected to negatively impact Thule Group’s sales and profitability until the next bike season, spring 2023.

Invitation to conference call with web presentation of Thule Group’s interim report for the third quarter, 2022

On Thursday, October 27, 2022 at 07:45 a.m. (CET) Thule Group AB (publ) will present the interim report for the third quarter (July-September), 2022. Following the report’s publication, Thule Group will arrange a conference call with a web presentation.

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.

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