Thule () : Interim report, first quarter, January–March 2021
April 22, 2021 at 01:46 am EDT
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Net sales for the quarter amounted to SEK 2,538m (1,744), corresponding to an increase of 45.5 percent. Adjusted for exchange rate fluctuations, sales increased 56.0 percent.
Operating income amounted to SEK 594m (325), corresponding to a margin of 23.4 percent (18.7). Adjusted for exchange rate fluctuations, the operating margin increased 4.2 percentage points.
Net income amounted to SEK 447m (241).
Cash flow from operating activities totaled SEK 72m (8).
Earnings per share before dilution amounted toSEK 4.28 (2.33).
New long-term targets have been established by the Board of Directors with doubled sales by 2030, a maintained EBIT margin of >20%, a raised dividend level to >75% of net profit, as well as achieving ambitious Science Based Targets initiative goals for greenhouse gas emissions by 2030.
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 
