CEO and President Magnus Welander comments on the Thule Group (publ) Interim Report for the first quarter, January-March, 2018
A good start to the yearIn the first quarter of the year we grew with healthy profitability. Sales increased 5.5 percent after currency adjustment, driven by strong sales in Region Europe & ROW. In parallel, we continued to improve our EBIT margin, which on a rolling annual basis now amounts to 18.6 percent, driven by a favorable product and customer mix.Region Europe & ROW remains strongIn Region Europe & ROW, sales increased 9 percent after currency adjustment in the first quarter. The product categories largely followed the trend we saw in 2017, with Active with Kids as the