The Thule Group reported a 13.3 percent increase in sales to 1,955 million Swedish kronor (€205.0m-$241.0m) for the second quarter ended June 30, up by 8.6 percent in local currencies. The operating margin reached 24.3 percent, improving by 1.2 percentage point on a currency-neutral basis. Net income went up to SEK 348 million (€36.5m-$42.9m) from SEK 304 million in the year-ago period. Sales grew by only 2 percent in the Americas region, but they jumped by 12 percent on a currency-adjusted basis in Europe and the rest of the world. The company's innovative bike carriers were among the standout products, along with the Active with Kids line of sport strollers, multisport trailers and child bike seats. Thule continued to grow in the area of sports bags through the successful launch of new hiking backpacks and bike bags. More in The Outdoor Industry Compass.

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