Thule Group CEO and President Magnus Welander comments on the second quarter, April-June, 2017
Strong sales and high profitabilitySuccessful product launches and continued wins with retailers enabled us to deliver a strong result for the second quarter of 2017. Thanks to sales growth of 9 percent (after currency adjustment), combined with a highly cost-efficient organization, we achieved 24.2 percent EBIT-margin during the second quarter.The improved profitability was achieved despite rising costs for raw materials and ambitious investments in product development in our newer product categories.Following the divestment of our Specialty segment during the quarter, we are now a