Thule Group (publ) - Interim report, third quarter, July–September 2022

Press release
Thule Group (publ) - Interim report, third quarter, July–September 2022

Third Quarter

  • Net sales for the quarter amounted to SEK 2,139m (2,772), corresponding to a decrease of 22.8 percent. Adjusted for exchange rate fluctuations, sales declined 29.4 percent.
  • Operating income amounted to SEK 193m (670), corresponding to a margin of 9.0 percent (24.2).
  • Net income amounted to SEK 137m (516).
  • Cash flow from operating activities totaled SEK 543m (534).
  • Earnings per share before dilution amounted to SEK 1.31 (4.94).


January-September

  • Net sales for the first nine months of the year amounted to SEK 8,487m (8,540), corresponding to a decrease of 0.6 percent. Adjusted for exchange rate fluctuations, sales declined 7.1 percent.
  • Operating income amounted to SEK 1,703m (2,150), corresponding to a margin of 20.1 percent (25.2).
  • Net income amounted to SEK 1,291m (1,636).
  • Cash flow from operating activities totaled SEK 506m (1,473).
  • Earnings per share before dilution amounted toSEK 12.35 (15.64).
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