An investment case on a strong foundation
Thule’s investment case is based on a history of more than 80 years in innovative product development, a globally recognized lifestyle brand and solid long-term efforts on climate and environmental issues as well as human rights. Thule conducts efficient and flexible production in close proximity to the largest of the 138 markets where its products are sold. Growth benefits from a global trend that has been established for many years by which more people want to live an active life and there is a constantly growing interest in outdoor and leisure activities
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Continued growth with healthy profitability. |
Thule – a globally recognized premium brand in a market with tailwinds
Thule’s products have a premium position in all product categories and markets, and a wellestablished and loyal community of customers. The positive market trend is created by more and more people wanting to live active lives.
Proven capacity for innovation and award-winning design
7 percent of the Group’s sales is invested annually in product development. Half of its sales is derived from products that were launched in the past three years. The high quality and functionality of the products, and their smart solutions, combined with a clear focus on safety and thoughtful eco-design, brings recurring international awards and success in external testing throughout the world.
Efficient, flexible and safe manufacturing and supply chain
Nine own production facilities that are located close to our primary markets, with proven ability over many years, to flexibly and efficiently manage the entire supply chain, from the sourcing of raw materials to deliveries to customers and consumers, with a focus on employee safety, and a strategy for achieving net-zero carbon emissions.
Sustainability as a part of our core business
Precision, cost awareness and a concern for people and the environment have long been important aspects of Thule’s history. Thule pursues a comprehensive and successful sustainability agenda with long-term climate goals based on the Science Based Target initiative (SBTi), the Net Zero targets, and the UN’s 2030 Agenda for Sustainable Development.
Proven ability to grow profitably
Thule has been characterized by profitable growth for many years. By developing existing market positions and adding new product niches, Thule generates both short and long-term growth. With premium products in high demand that have high gross margins, Thule maintains high profitability also as it expands. A larger Thule will achieve more economies of scale, which act as a catalyst for even higher profitability over time.