Dividend Policy

The Board of Directors has adopted a dividend policy whereby at least 50% of Thule Group’s net profit shall be paid in dividends over time, taking into account the targeted capital structure defined as net debt in relation to recurring EBITDA of around 2.5x.

Furthermore, the Board of Directors shall take into account a number of additional factors, including Thule Group’s future profits, investment needs, liquidity and development opportunities as well as general economic and business conditions, when proposing a dividend.

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