Thule Group interim report for the second quarter, April-June, 2016
Thule Group AB (publ) published its quarterly report for the period April-June 2016 on July 21, 2016, at 07h45 a.m. CET.
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Thule Group interim report for the second quarter, April-June, 2016
- Net sales for the quarter amounted to SEK 1,795m (1,689), corresponding to an increase of 6.3 percent. Adjusted for exchange rate fluctuations, sales rose 8.2 percent.
- Operating income amounted to SEK 417m (370), corresponding to an increase of 12.7 percent and a margin of 23.2 percent (21.9). Underlying EBIT was SEK 420m (374) and adjusted for exchange rate fluctuations, underlying EBIT rose 9.9 percent and the margin improved 0.4 percentage points.
- Net income was SEK 308m (278).
- Cash flow from operating activities totaled SEK 381m (248).
- Earnings per share before dilution amounted to SEK 3.05 (2.78).
- After the balance-sheet date, GMG B.V. – the leading manufacturer of child bike seats in the Benelux region – was acquired for EUR 10.0m on a debt-free basis. GMG B.V. had sales of EUR 6.1m in 2015.
The full report is available at www.thulegroup.com
Conference call
A combined press- and analyst call with Magnus Welander, CEO and President, and Lennart Mauritzson, CFO, is scheduled for today, July 21, 2016, at 10:00 a.m. (CET).
The conference will be in English.
Information about the conference call is available at www.thulegroup.com
| This information is information that Thule Group AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07h45 a.m. CET on 21 July 2016. |