Thule Group (publ) - Year-end report, fourth quarter, October-December 2018

Thule Group published the year-end report 2018 (1 January – 31 December, 2018) on February 13, 2019.

Following the publication of the report, Thule Group arranged a conference call with a web presentation.

CEO and President Magnus Welander and CFO Lennart Mauritzson presented and commented on the report. 

Report
Year-end report, fourth quarter Thule Group (publ) 2018
Pressrelease Year-end report fourth quarter Thule Group publ 2018
Presentations
Presentation for conference call
Transcript from analyst call after Thule Group Q4-report 2018
Web presentation
Related
Thule Group CEO and President Magnus Welander comments on the Year-end report, fourth quarter, October-December 2018
Press release
Thule Group (publ) - Year-end report, fourth quarter, October-December 2018

Fourth Quarter

  • Net sales for the fourth quarter amounted to SEK 1,157m (1,006), corresponding to an increase of 15.0 percent. Adjusted for exchange rate fluctuations, sales rose 8.0 percent.

  • Operating income amounted to SEK 64m (65), corresponding to a decrease of 1.9 percent and a margin of 5.5 percent (6.5). Adjusted for exchange rate fluctuations, operating income declined 1.6 percent.

  • Net income was SEK 44m (loss: 40).

  • Cash flow from operating activities totaled SEK 16m (209).

  • Earnings per share before dilution amounted to SEK 0.42 (loss: 0.39).

  • The acquisition of the leading North American manufacturer of Roof Top Tents, Tepui Outdoors Inc., was finalized on December 18. Tepui had sales of about USD 6.1m in 2018 and the acquisition is not expected to have any material impact on Thule Group’s total sales and earnings.

     

Full year

  • Net sales for the full-year were SEK 6,484m (5,872) corresponding to an increase of 10.4 percent. Adjusted for exchange rate fluctuations, sales rose 6.0 percent.

  • Operating income totaled SEK 1,163m (1,067). Underlying EBIT amounted to SEK 1,164m (1,069), corresponding to an increase of 8.9 percent and a margin of 18.0 percent (18.2). Adjusted for exchange rate fluctuations, earnings rose 4.2 percent.

  • Net income was SEK 837m (690).

  • Cash flow from operating activities totaled SEK 606m (972).

  • Earnings per share before dilution amounted to SEK 8.13 (6.77).

  • The Board of Directors proposes a dividend of SEK 7.0 per share which, based on the number of shares outstanding at February 13, 2019, corresponds to a dividend of SEK 722m.

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, Wednesday February 13, 2019, 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, 2019.
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