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Thule Group (publ) - Interim report, first quarter, January–March 2020

  • Net sales for the quarter amounted to SEK 1,744m (1,834), corresponding to a decrease of
    4.9 percent. Adjusted for exchange rate fluctuations, sales declined 7.5 percent.
  • Operating income amounted to SEK 325m (342), corresponding to a decrease of 4.9 percent and a margin of 18.7 percent (18.7). Adjusted for exchange rate fluctuations, the margin declined 0.4 percentage points.
  • Net income was SEK 241m (253).
  • Cash flow from operating activities totaled SEK 8m (outflow: 145).
  • Earnings per share before dilution amounted to SEK 2.33 (2.46).
  • The coronavirus pandemic impacted sales during the second half of March, which is the most important part of the quarter. As communicated earlier, Thule Group foresees a more significant impact in the second quarter, which is normally the company’s peak season.

Contacts

Fredrik Erlandsson SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: [email protected]

About Thule Group

Thule Group is a world leader in products that make it easy to bring the things you care for — easily, securely and in style — when living an active life. Under the motto Active Life, Simplified. — we offer products within Sport&Cargo Carriers (e.g. roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Active with Kids (e.g. bicycle trailers, buggies and child bike seats), RV Products (e.g. awnings, bike racks and tents for motorhomes and caravans) and Packs, Bags & Luggage (e.g. hiking backpacks, luggage and camera bags).

Thule Group has about 2,400 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2019, sales amounted to SEK 7 billion.
www.thulegroup.com

This information is information that Thule Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2020-04-28 07:45 CEST.

Thule Group (publ) Interim Report For The First Quarter 2020 (1009.88 KB)
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