Thule Group AB
THULE
ISIN SE0006422390 / Valor 26104958
Thule Group AB
UMushroom community rating:
About company
Thule Group AB is a global leader in products designed for an active lifestyle, encompassing a wide range of categories such as roof racks, bike carriers, rooftop tents, and travel bags. The company, headquartered in Sweden, has established a reputation for innovation and quality in its offerings, aiming to facilitate outdoor activities and transportation of gear and equipment. Thule Group's commitment to sustainability is evident in its manufacturing processes, which prioritize minimal environmental impact. While the company emphasizes its dedication to contributing to a more sustainable world, its core business revolves around developing and marketing products that support the active and outdoor pursuits of consumers worldwide. Through its diverse product portfolio, Thule Group caters to the needs of adventurers, families, and individuals seeking reliable solutions for transporting their equipment and belongings safely and efficiently.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (04.10.2025):
Thule Group AB reported strong financial performance in the second quarter of 2025, demonstrating resilience and growth despite challenging market conditions. Net sales increased by 9.8% to SEK 3,403 million, with improvements in gross margin and a stable adjusted operating income. However, net income and earnings per share experienced a slight decline compared to the previous year.
Net Sales Growth
Thule Group AB achieved net sales of SEK 3,403 million in Q2 2025, a 9.8% increase from SEK 3,099 million in the same quarter last year. The growth was driven by a 1.5% organic increase and a 14.2% boost from the acquisition of Quad Lock, partially offset by a 5.9% negative impact from currency effects.
Improved Gross Margin
The company's gross margin rose to 46.3% in Q2 2025, up from 44.4% in the previous year. This improvement was largely attributable to the higher-margin Quad Lock business.
Adjusted Operating Income
Adjusted operating income for the quarter reached SEK 734 million, maintaining a stable margin of 21.6% compared to 23.6% previously. This stability was despite significant investments in product development.
Product Launches Driving Growth
Thule continued its strong product development strategy with several key launches, including the Thule Outpace bike carrier and the updated Thule Glide jogging stroller. These new products contributed to organic growth and expanded the company's presence in high-recognition market segments.
Strengthening North America Market
Thule's revamped North American operations showed positive results, with organic sales decreasing by only 3.3% despite a tough market environment. The successful integration of Quad Lock and the introduction of bike carriers tailored for the US market have been pivotal in stabilizing sales in the region.
Enhanced Supply Chain Efficiency
The company improved supply chain operations by freeing up SEK 1.2 billion in inventory and investing in the expansion and automation of its logistics facility in Huta, Poland. This investment is expected to save approximately SEK 100 million annually and increase overall supply chain flexibility and control.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2703 M
Market cap (USD)
311,966
Daily traded volume (Shares)
342.6 / 337
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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