Long-term Targets

In connection with Thule Group's Capital Markets Day 2025, the long-term financial targets were updated. The sustainability target remained unchanged.

Long-term financial goals

Sales growth	Annual organic growth of 7 percent or higher (previous target: sales of SEK 20 billion by 2030)
EBIT-margin	EBIT margin of 20 percent (previous goal: long term maintain >20% underlying EBIT margin)
Dividend	Dividend at or above 75 percent of net income (previous target: >75% in ordinary dividend, in relation to net profit)

Long-term sustainability ambitions 

Our high-quality, long-lasting products, developed in line with ecodesign principles, facilitate safe and active outdoor living, while creating long-term value for customers, society and our business. We have several sustainability targets that we are working to achieve. While all are important, we highlight three on this page.

Greenhouse gases

Thule aims to achieve net-zero emissions across its value chain by 2050, supported by responsible and ethically guided operations and close collaboration with suppliers. The Science Based Targets initiative (SBTi) has validated and approved our targets.

By 2030, Scope 1 emissions will be reduced 46.2 percent and Scope 3 emissions 28.0 percent, both compared with the 2019 base year. We will maintain 100 percent renewable electricity through 2030. All emissions will be reduced 90 percent by 2050.

Health & Safety

We are to provide safe and secure workplaces and have a zero-accident vision. Lost Time Injury Frequency (LTIF) to be reduced to 8 or below by 2030.

Improved sustainability at suppliers

We place strong emphasis on ensuring that our suppliers comply with requirements related to working conditions, environmental impact and human rights.

Ensuring a responsible supply chain through strengthened and verified supplier sustainability performance, covering at least 90 percent of annual spend with Tier 1 suppliers in risk countries.