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 toSEK 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.
