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 

Thule Group will continue the persistent sustainability work that has been an integral part of the Group's long-term way of operating since the company was founded in Hillerstorp, Sweden, in 1942. The sustainability targets are, in terms of environmental aspects, closely linked to the company's decision in the autumn of 2020 to commit to the Science Based Targets initiative (SBTi) and have a clear focus on fulfilling the Paris Agreement's ambition not to increase the earth's average temperature by more than 1,5 ° C.

Scope 1	46% reduction, in absolute numbers, of greenhouse gases from our production sites, compared with the base year 2019.
Scope 2	100% renewable electricity at our own manufacturing sites and offices.
Scope 3	An absolute reduction of greenhouse gases by 28% related to purchased materials and upstream and downstream logistics, compared with the base year 2019.

Net-zero targets
Building upon the 2030 commitments, the Thule Group has sought approval from Science Based Targets initiative (SBTi) for its Net-zero targets. This means that by 2050, the Thule Group commits to reduce its overall emissions by at least 90% and to neutralise any residual emissions that are not possible to eliminate.

In addition to the sustainability targets related to SBTi, Thule Group has clear targets linked to, among other things, water consumption, recycling, health and safety.