On
Sales for the third quarter of 2022 is estimated to amount to approximately
"As we communicated already at the beginning of September, bike retailers around the world in general, in the current situation with very high inventory levels and a general concern among consumers, have chosen to be extremely restrained with new orders for bikes and bike accessories. We still believe that it is a temporary slowdown in the bike industry compared to the record year 2021 and the extremely strong pre-season in the first quarter of 2022, which will affect Thule Groups results in the near term. Underlying positive bicycle trends with large investments in infrastructure for both bike commuting and biking as a leisure activity, as well as consumers' positive view of the bike as a means of transport, remain.
All figures in this press release are preliminary and unaudited. The full third quarter interim report will, as previously announced, be presented at
For information on the trading update on 11 September please see the company’s corporate website - https://www.thulegroup.com/en/presentations/trading-update-impact-current-market-situation-within-bike-retail-sectorhttps://www.thulegroup.com/en/presentations/trading-update-impact-current-market-situation-within-bike-retail-sector
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