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 toSEK 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 toSEK 17.12 (11.23).

 

Contacts

Fredrik Erlandsson SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: fredrik.erlandsson@thule.com

About Thule Group

Thule Group is a global sports and outdoor company.
We offer high-quality products with smart features and a sustainable design that make it easy for people across the globe to live an active life. Under the motto Active Life, Simplified. — and with a focus on consumer-driven innovation and long-term sustainability — we develop, manufacture and market products within the product categories Sport&Cargo Carriers (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Active with Kids (strollers, bike trailers and child bike seats), RV Products (awnings, bike racks and tents for RVs and caravans) and Packs, Bags & Luggage (hiking backpacks, luggage and camera bags).

Thule Group has about 3,300 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2021, sales amounted to SEK 10.4 billion.
www.thulegroup.com

This information is information that Thule Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-02-09 07:45 CET.

Attachments

Thule Group (publ) Year End Report, Fourth Quarter, 2021

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