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Thule Group (publ) – Interim report for the first quarter, January-March 2017

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  • Net sales for the quarter amounted to SEK 1,599m (1,380), corresponding to an increase of 15.9 percent. Adjusted for exchange rate fluctuations, sales rose 12.3 percent.
     
  • Underlying EBIT amounted to SEK 280m (235), corresponding to an increase of 19.4 percent and a margin of 17.5 percent (17.0). After adjustment for exchange rate fluctuations, underlying EBIT rose 14.0 percent and the margin improved 0.3 percentage points.
     
  • Net income amounted to SEK 203m (169). 
     
  • Cash flow from operating activities was a negative SEK 172m (neg: 31). 
     
  • Earnings per share before dilution amounted to SEK 2.00 (1.67). 
     
  • Divestment of Specialty is proceeding on schedule. 

The full report is available at www.thulegroup.com 


Conference call
A combined press- and analyst call with Magnus Welander, CEO and President, and Lennart Mauritzson, CFO, is scheduled for today, April 26, 2017, at 09:30 a.m. (CET).
The conference will be in English.
Information about the conference call is available at www.thulegroup.com



This information is information that Thule Group AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out below, at 07h45 a.m. CET on April 26, 2017.

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Enquiries, please contact
Fredrik Erlandsson
SVP Communications and Investor Relations
Tel: +46 70 309 00 21
E-mail: fredrik.erlandsson@thule.com 

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About Thule Group
Thule Group is a world leader in products that make it easy to bring the things you care for — easily, securely and in style — when living an active life. Under the motto Active Life, Simplified. — we offer products within the product categories: Sport&Cargo Carriers (e.g. roof racks, roof boxes, holders for bikes, water and winter sports equipment being transported by car), Active with Kids (e.g. bicycle trailers, strollers, child bike seats), RV Products (e.g. awnings, bike carriers and tents for motorhomes and caravans), Sport&Travel Bags (e.g. hiking backpacks, suitcases) and Bags for Electronic Devices (e.g. computer and camera bags).
Thule Group has about 2,200 employees at 9 production facilities and 35 sales offices worldwide. The Group’s products are sold in 140 markets and in 2016, sales amounted to SEK 5.6 billion.
www.thulegroup.com 

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Q1 Thule Group Magnus Welander lennart maurtizson

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