Thule Group (publ) - Year-end report, fourth quarter, October–December 2021

Fourth Quarter

• Net sales for the quarter amounted to SEK 1,846m (1,605), corresponding to an increase of 15.0 percent. Adjusted for exchange rate fluctuations, sales increased 14.3 percent.
• Operating income amounted to SEK 190m (241), corresponding to a margin of 10.3 percent (15.0). Adjusted for exchange rate fluctuations, the operating margin decreased 4.6 percentage points.
• Net income amounted to SEK 154m (164).
• Cash flow from operating activities totaled SEK -344m (319).
• Earnings per share before dilution amounted to SEK 1.47 (1.57).
• The Board of Directors proposes a dividend of SEK 13.00 per share which, based on the number of shares outstanding at February 9, 2022, corresponds to a dividend of SEK 1,359m.
  

Full year

• Net sales for the full year amounted to SEK 10,386m (7,828), corresponding to an increase of 32.7 percent. Adjusted for exchange rate fluctuations, sales increased 37.7 percent.
• Operating income amounted to SEK 2,340m (1,591), corresponding to an operating margin of 22.5 percent (20.3). Adjusted for exchange rate fluctuations, the operating margin increased 2.0 percentage points.
• Net income amounted to SEK 1,790m (1,166).
• Cash flow from operating activities totaled SEK 1,128m (1,614).
• Earnings per share before dilution amounted to SEK 17.12 (11.23).