Thule Group AB Publ Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 21, 2020 at 01:45 am EDT
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Thule Group AB publ announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was SEK 2,043 million compared to SEK 2,311 million a year ago. Operating income was SEK 430 million compared to SEK 558 million a year ago. Net income was SEK 312 million compared to SEK 419 million a year ago. Basic earnings per share was SEK 3.02 compared to SEK 4.06 a year ago. Diluted earnings per share was SEK 3.02 compared to SEK 4.05 a year ago. For the half year, sales was SEK 3,787 million compared to SEK 4,145 million a year ago. Operating income was SEK 755 million compared to SEK 900 million a year ago. Net income was SEK 553 million compared to SEK 673 million a year ago. Basic earnings per share was SEK 5.36 compared to SEK 6.52 a year ago. Diluted earnings per share was SEK 5.35 compared to SEK 6.51 a year ago.
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.
THULE GROUP AB 
