An investment case on a strong foundation

 

Thule Group’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. The company 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.
Opportunity for strategic acquisitions.
High and sustainable returns for shareholders.

 

Thule – a globally recognized premium brand

Thule products have earned a premium position within all their respective categories in all of the 138 markets across the world where they are sold.

Towards net zero and improved human rights

Due diligence, cost awareness and a concern for people and the environment have long been important aspects of the company’s history. With long-term climate goals based on the Science Based Target initiative (SBTi), the Net Zero undertaking and the UN’s 2030 Agenda for Sustainable Development, Thule Group drives a comprehensive and successful agenda that is appreciated by employees, investors, customers, consumers and other stakeholders.

Proven capacity for innovation and award-winning design

Approximately 5 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 sustainable manufacturing and supply chain

Nine own production facilities close to the company’s primary markets and 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.

Favorable global trends

Vacationing and being more active in everyday life and during leisure time has been a positive trend for a number of years in large parts of the world. The trend is accentuated by people in mature markets being more active to more advanced age, a growing middle class in emerging markets and the constant development of new sports and outdoor activities, as well as an increased interest in, for example, cycling, hiking, paddling and camper van vacations.

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