Year-end Report 2016

2017-02-10 07:45

Thule Group will publish the year-end report 2016 (1 January – 31 December, 2016) on Friday 10 February 2017.

Press release

Year-end report, fourth quarter, October-December 2016

Fourth Quarter

  • Net sales for the quarter amounted to SEK 1,069m (980), corresponding to an increase of 9.2 percent. Adjusted for exchange rate fluctuations, sales rose 2.5 percent.
     
  • Operating income amounted to SEK 65m (44). Underlying EBIT1 was SEK 68m (48), corresponding to an increase of 42.7 percent and a margin of 6.4 percent (4.9). After adjustment for exchange rate fluctuations, underlying EBIT improved 0.2 percentage points.
     
  • Earnings per share before dilution amounted to SEK 0.36 (0.22).
     
  • Strategic focusing of the Group. The review of the Specialty segment has led to the decision to divest the toolboxes for pick-up trucks business in 2017.

Full-year

  • Net sales for the full-year were SEK 5,611m (5,320) corresponding to an increase of 5.5 percent. Adjusted for exchange rate fluctuations, sales rose 4.9 percent.
     
  • Operating income totaled SEK 957m (825). Underlying EBIT1 amounted to SEK 970m (850), corresponding to an increase of 14.0 percent and a margin of 17.3 percent (16.0). After adjustment for exchange rate fluctuations, underlying EBIT rose 10.0 percent and the margin improved 0.8 percentage points.
     
  • Net income was SEK 676m (587).
     
  • Cash flow from operating activities totaled SEK 878m (662).
     
  • Earnings per share before dilution1 amounted to SEK 6.69 (5.87).
     
  • The Board of Directors proposes an ordinary dividend of SEK 3.40 per share, which corresponds to a dividend of SEK 344m calculated based on the number of outstanding shares at February 10, 2017. The proposed ordinary dividend will be paid in two instalments (SEK 1.70 in May and SEK 1.70 in October), and comprises 51 percent of earnings per share. The Board also proposes an extraordinary dividend of SEK 7.50 per share, corresponding to a dividend of SEK 758m, calculated based on the number of outstanding shares at February 10, 2017, to be distributed in May. Accordingly, the total proposed dividend is SEK 10.90 per share. 

The full report is available at www.thulegroup.com

Conference call
A combined press- and analyst call with Magnus Welander, CEO and President, and Lennart Mauritzson, CFO, is scheduled for today, February 10, 2017, at 10:00 a.m. (CET).
The conference will be in English.
Information about the conference call is available at www.thulegroup.com



This information is information that Thule Group AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out below, at 07h45 a.m. CET on 10 February 2017.




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