Thule Group (publ) interim report for the first quarter, January - March 2015

The interim report for the period January – March 2015 was published on 29 April, 2015. 

Press release
Thule Group (publ) interim report for the first quarter, January - March 2015

Q1, 2015 in Summary

  • Net sales for the quarter amounted to SEK 1,366m (1,075) corresponding to an increase of 27.1 percent. Adjusted for exchange-rate fluctuations, sales rose 11.5 percent.

  • Underlying EBIT amounted to SEK 210m (156), corresponding to an underlying EBIT margin of 15.4 percent (14.5), up 34.8 percent. Adjusted for exchange rate fluctuations, underlying EBIT rose 35.4 percent.

  • Net income for the period was SEK 142m (77).

  • Cash flow from operating activities (see 1 below) was a negative SEK 151m (neg: 125).

  • Earnings per share before dilution amounted to SEK 1.42 (0.92).

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, April 29, at 1:30 p.m. (CET).
For participation please dial:
Sweden                   +46 8 566 426 91
UK                           +44 20 34281400
USA                        +1 855 7532236

A replay of the call we be available at www.thulegroup.com/en/reports later during the day.

This information is disclosed in accordance with the Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on 29 April, 2015 at 01.00 p.m. CET.


[1]The comparative figures are based on the total operations, meaning both continuing operations and operations discontinued in 2014.

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