Thule () : Interim report, third quarter, July–September 2021
October 22, 2021 at 01:50 am EDT
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Net sales for the quarter amounted to SEK 2,772m (2,436), corresponding to an increase of 13.8 percent. Adjusted for exchange rate fluctuations, sales increased 16.2 percent.
Operating income amounted to SEK 670m (596), corresponding to a margin of 24.2 percent (24.4). Adjusted for exchange rate fluctuations, the operating margin increased 0.1 percentage points.
Net income amounted to SEK 516m (449).
Cash flow from operating activities totaled SEK 534m (764).
Earnings per share before dilution amounted toSEK 4.94 (4.32).
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.