The Thule Group reported a 12.7 percent sales increase for the third quarter to 1.56 billion Swedish kronor (€150.6m-$170.4m). The growth in local currencies amounted to only 3.8 percent, with a drop of 4.4 percent in the Americas compensated for by a 7.8 percent increase in Europe and the rest of the world. The gross margin contracted by 0.9 percentage points to 39.2 percent. Operating earnings rose by 3.4 percent to SEK 267 million (€25.8m-$29.2m). Net income inched up by 1.9 percent to SEK 189 million (€18.2m-$20.6m). In general, the group sustained higher costs in connection with major future product launches. More in The Outdoor Industry Compass.

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