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Thule Group (publ) - Interim report, first quarter, January–March 2021

Report
Thule Group (publ) Interim Report For The First Quarter 2021
Presentations
Presentation for conference call, Q1 2021
Webcast
Related
Transcript from analyst call after Thule Group Q1-report 2021
Press release
Thule Group (publ) - Interim report, first quarter, January–March 2021
  • Net sales for the quarter amounted to SEK 2,538m (1,744), corresponding to an increase of 45.5 percent. Adjusted for exchange rate fluctuations, sales increased 56.0 percent.
  • Operating income amounted to SEK 594m (325), corresponding to a margin of 23.4 percent (18.7). Adjusted for exchange rate fluctuations, the operating margin increased 4.2 percentage points.
  • Net income amounted to SEK 447m (241).
  • Cash flow from operating activities totaled SEK 72m (8).
  • Earnings per share before dilution amounted to SEK 4.28 (2.33).
  • New long-term targets have been established by the Board of Directors with doubled sales by 2030, a maintained EBIT margin of >20%, a raised dividend level to >75% of net profit, as well as achieving ambitious Science Based Targets initiative goals for greenhouse gas emissions by 2030.

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 global world leading company of products for sports and and outdoor activities. We make it easy for people to bring the things they care for, easily, securely and in style, when living an active life. Under the motto Active Life, Simplified we design, manufacture and sell products within the four product categories Sport&Cargo Carriers (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, as well as roof top tents for mounting on cars),
Active with Kids (bike trailers, strollers and child bike seats), RV Products (awnings, bike racks and tents for motorhomes and caravans) and Packs, Bags & Luggage (everyday backpacks, hiking bike packs travel luggage and camera bags).

Thule Group has about 2,600 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2020, sales amounted to SEK 7.8 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 2021-04-22 07:45 CEST.

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