Thule updates the long-term financial targets. The ambition is to deliver growth and profitability that exceed the average historical performance.
The sales target is changed to 7 percent annual organic growth from the previous target of SEK 20 billion in revenue by 2030. This clarifies Thule's focus on organic growth and can be compared with an average annual growth rate of 5 percent since 2014. The targets for an EBIT margin of 20 percent and a dividend payout ratio of at least 75 percent of net profit remain. The long-term sustainability targets remain unchanged.
Tomorrow, November 20, Thule will hold a capital markets day to present the strategy and priorities for long-term profitable growth.
“The Board is focused on creating shareholder value, and the work to take Thule to the next level continues at a rapid pace. Our ambition to grow Thule remains. Now is the right time to revise the financial targets that were set during different times while also having them reflect the many opportunities we see ahead.”, says Hans Eckerström, Chairman of the Board.
"We are now raising our ambition compared to historical performance. We have many strengths to build on, well-received new product categories, ongoing efficiency initiatives, and a proven track record of innovation. Although the market is tough this year, the long-term trends for an active life outdoors are positive, providing us with a tailwind over time.", says Mattias Ankarberg, President and CEO.
Thule's updated long-term financial targets:
- Annual organic growth of 7 percent or higher. Previous target: sales of SEK 20 billion by 2030.
- EBIT margin of 20 percent. Previous target: long term maintain >20% underlying EBIT margin.
- Dividend at or above 75 percent of net income. Previous target: >75% in ordinary dividend, in relation to net income.
Thule's sustainability targets remain unchanged.
Thule is hosting a Capital Markets Day on November 20. The Capital Markets Day will be a hybrid event with participants on site at Thule's office in Malmö combined with a live broadcast. Online registration for participation is still open at https://www.thulegroup.com/en/capital-markets-day-2025
Thule's previous financial targets were communicated in connection with the company's capital markets day in May 2022.