Thule Group (publ) interim report for the third quarter, July - September, 2015
The interim report for the period July – September 2015 was published on 4 November, 2015.
Report
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Press release
Thule Group (publ) interim report for the third quarter, July - September, 2015
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Strategic realignment continued during the quarter with focus on the Group’s most important segment, Outdoor&Bags, through the sale of the company’s snow chain division (which had sales of SEK 136m for the full-year 2014 with an underlying EBIT of negative SEK 32m). The divestment entailed a capital loss of SEK 130m and a positive cash flow effect of SEK 90m during the quarter.
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Net sales[1] for the quarter amounted to SEK 1,343 M (1,182) corresponding to an increase of 13.6 percent. Adjusted for exchange rate fluctuations, sales rose 3.0 percent.
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Underlying EBIT1 amounted to SEK 223m (195), corresponding to a 14.1 percent increase and a margin of 16.6 percent (16.5). Adjusted for exchange rate fluctuations, underlying EBIT rose 12.6 percent and the margin improved 1.4 percentage points.
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Net income for the period1 was SEK 148m (81).
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Cash flow from operating activities[2] was SEK 412m (387).
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Earnings per share before dilution1 amounted to SEK 1.48 (0.96).
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, November 4, at 10:00 a.m. (CET).
For participation please dial:
United Kingdom +44 20 342 81 408
USA +1 646 502 5120
Sweden +46 8 566 426 69
Make sure you are connected to the conference call by registering a few minutes before the conference begins.
Web presentation
The link to the live broadcast will be published on http://cloud.magneetto.com/wonderland/2015_1104_q3/view
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 4 November, 2015 at 07.45 a.m. CET. |
[1]Pertains to continuing operations excluding the snow chain division, which was divested in September 2015 and the Trailer and Towing divisions, which were discontinued in 2014.
[2]Based on the total operations, meaning both continuing operations and operations discontinued in 2015 and 2014.