CEO and President Magnus Welander comments on the Thule Group (publ) Interim Report for the third quarter, July-September, 2018
A stable quarter with major launch effortsThird quarter sales rose to SEK 1,561m (1,385), up 12.7 percent (3.8 percent after currency adjustment). Accordingly, sales increased SEK 461m (up 5.6 percent after currency adjustment) in the first three quarters of the year. During the quarter EBIT increased 3.4 percent and for the first three quarters operating income has grown by SEK 97m (up 9.6 percent).The third quarter was dominated by major launches for the future which led to increased development and launch costs of approx. SEK 25m year-on-year.Thule’s longstanding market leading