Thule Group CEO and President Magnus Welander comments on the Year-end report, fourth quarter, October-December 2017
A fantastic yearWe are satisfied with a fantastic 2017, a year in which we delivered very strong financial results, while successfully broadening our product offering for future growth.The favorable growth trend noted during the first three quarters of the year continued in the fourth quarter in both of our sales regions. Sales growth was 6.5 percent (after currency adjustment) during the quarter and we improved our underlying EBIT margin to 6.5 percent.For the full-year sales growth was 9.5 percent (after currency adjustment) and we achieved an underlying EBIT margin of 18.2 percent.
