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 489m (867).
Earnings per share before dilution amounted toSEK 5.99 (6.43).
New long-term targets 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 >20 percent and the dividend level of >75 percent of net profit as well as the Group’s ambitious sustainability goals remain unchanged.
Growth plans in two new product areas 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 Active with Kids and that will be renamed Juvenile & Pet Products going forward.
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 Active Life, Simplified. — and with a focus on consumer-driven innovation and long-term sustainability — we develop, manufacture and market products within the product categories Sport&Cargo Carriers (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Juvenile&Pet Products (strollers, bike trailers and child bikeseats), RV Products (awnings, bike racks and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage and camera bags).
Thule Group has about 3,300 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2021, sales amounted to SEK 10.4 billion. www.thulegroup.com
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.
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