Sport & Cargo Carriers - new Thule products add growth
2025/Q1 Net sales -2%, organic -2%
Growth from bike related and new Thule products
− Good sales growth from upgraded bestselling bike carriers Thule Easyfold gen 3 and North America specific Thule Verse
− Strong start for vertical hanging bike carrier Thule ReVert
− New best-selling mid price roof top box Thule Force well received
Challenging market, particularly in North America
− North American market weak during 2025/Q1
− Cautious retailers and consumers also across rest of world
− Growth in Sport & Cargo Carriers in Europe
RV Products - growth in aftermarket offsets decline in OE
2025/Q1 Net sales +1%, organic +1%
RV industry continues to go through weak period
Decline in sales to OE channel (manufacturers) offset by good growth in aftermarket channel (dealers)
Good growth in bike related products
Active with Kids & Dogs - new categories add growth
2025/Q1 Net sales -5%, organic -6%
Sales decline driven by cautious retailers after US tariff announcements - continued sales momentum on thule.com
New Thule product categories perform well and add growth
− Continued strong sales trend in dog transportation with premium dog crate Thule Allax and dog trailer Thule Bexey
− Good sales development in child car seats, now sold in 30 countries after full launch completed 2024/Q4
Bags & Mounts - growth from performance phone mounts
2025/Q1 Net sales +132%, organic -14%
Acquired Quad Lock added to Bags & Mounts category as of 2025/Q1 and represents more than half of the category
Organic sales decline (bags and luggage) driven by cautious retailers after US tariff announcement and continued exit of legacy products
Growth in Thule bags and luggage on thule.com
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Thule Group AB published this content on April 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2025 at 12:14 UTC.
Thule Group AB is a Sweden-based company engaged in the development and manufacture of sport, outdoor and cargo products. Its offering is divided in two business segments: Outdoor&Bags and Specialty. The Outdoor&Bags segment comprises three product categories: sport and cargo carriers, bags for electronic devices, and other outdoor and bags; as well as several product groups, namely bike and car carriers, water and winter carriers, camera bags, laptop cases, recreational vehicle products, roof racks, and sports and travel bags, among others. The Specialty segment comprises two product categories: work gear and snow chains; and such product groups as pick-up truck tool boxes, and professional and consumer snow chains. The Companyâs brands are Thule, Case Logic, Konig, UWS, TracRac and SportRac. Its products are sold to retailers, distributors and wholesalers and available in more than 130 countries. The Company is a subsidiary of Thule Group.
