Thule Group (publ) - Year-end report, fourth quarter, October-December 2017
Thule Group AB (publ) published its Year-end Report 2017, on Tuesday February 13, 2018, at 07:45 a.m. CET.
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Thule Group (publ) - Year-end report, fourth quarter, October-December 2017
Fourth Quarter
- Net sales 1) for the quarter amounted to SEK 1,006m (983), corresponding to an increase of 2.3 percent. Adjusted for exchange rate fluctuations, sales rose 6.5 percent.
- Operating income 1) amounted to SEK 65m (55). Underlying EBIT was SEK 65m (59), corresponding to an increase of 11.4 percent and a margin of 6.5 percent (6.0). After adjustment for exchange rate fluctuations, underlying EBIT rose 15.5 percent and the margin improved 0.5 percentage points.
- Net income 1) was negative SEK 40m (income: 30).
- Cash flow from operating activities 2) totaled SEK 209m (91).
- Earnings per share before dilution 1) amounted to a negative SEK 0.39 (positive: 0.30).
Full-year
- Net sales 1)for the full-year amounted to SEK 5,872m (5,304). Adjusted for exchange rate fluctuations, sales rose 9.5 percent.
- Operating income 1) totaled SEK 1,067m (922). Underlying EBIT amounted to SEK 1,069m (935), corresponding to an increase of 14.3 percent and a margin of 18.2 percent. After adjustment for exchange rate fluctuations, underlying EBIT rose 13.3 percent and the margin improved 0.6 percentage points.
- Net income 1) was SEK 690m (653).
- Cash flow from operating activities 2) totaled SEK 972m (878).
- Earnings per share before dilution 1) amounted to SEK 6.77 (6.46).
- The Board of Directors proposes an ordinary dividend of SEK 6.0 per share, corresponding to SEK 612m based on the number of shares outstanding at February 13, 2018.
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, February 13, 2018, at 10:00 a.m. (CET).
The conference will be held in English.
Information about the conference call is available at www.thulegroup.com
This information is information that Thule Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 07h45 a.m. CET on February 13, 2018. |
1) The figures pertain to continuing operations, excluding the Specialty segment, which was divested in June 2017 and constitutes discontinued operations.
2) Based on total operations, meaning both continuing operations and the operation divested in June 2017.