Thule Group (publ) - Year-end report, fourth quarter, October–December 2022

Press release
Thule Group (publ) - Year-end report, fourth quarter, October–December 2022

Fourth Quarter

  • Net sales for the quarter amounted to SEK 1,651m (1,846), corresponding to a decrease of 10.6 percent. Adjusted for exchange rate fluctuations, sales declined 21.0 percent.
  • Operating income amounted to SEK 4m (190), corresponding to a margin of 0.2 percent (10.3). Adjusted for exchange rate fluctuations, the operating margin decreased 11.5 percentage points.
  • Net income amounted to a loss of SEK 16m (income: 154).
  • Cash flow from operating activities totaled SEK 110m (outflow: 344).
  • Earnings per share before dilution amounted to SEK -0.15 (1.47).
  • The Board of Directors proposes a dividend of SEK 9.20 per share (13.0) which, based on the number of shares outstanding on February 10, 2023, corresponds to a dividend of SEK 962m (1,359).
  • Mattias Ankarberg appointed new president and CEO of Thule Group AB (publ)

Full year

  • Net sales for the full year amounted to SEK 10,138m (10,386), corresponding to a decrease of 2.4 percent. Adjusted for exchange rate fluctuations, sales declined 9.7 percent.
  • Operating income amounted to SEK 1,706m (2,340), corresponding to a margin of 16.8 percent (22.5). Adjusted for exchange rate fluctuations, the operating margin decreased 5.4 percentage points.
  • Net income amounted to SEK 1,275m (1,790).
  • Cash flow from operating activities totaled SEK 616m (1,128).
  • Earnings per share before dilution amounted to SEK 12.19 (17.12).
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