All Thule Group articles
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AnalysisAnalysis: The top sporting goods industry performers by sales and profits in Q2 2023
Facing difficult year-over-year comparisons in many cases, 2/3 of entrants reported lower sales from Q2 2022. Find out more with our scorecard.
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ArticleThule reports best-ever gross margin, higher cash flow from ops
Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months. Sales for the three months ended June ...
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Infographics & DataSporting goods industry inventory levels Q1 2023
The Q1 numbers are in, and we focus on inventory. Download our infographic of inventory levels at 18 of the biggest Sporting Goods Industry companies.
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AnalysisAnalysis: The latest inventory levels in the Sporting Goods Industry, Q1 2023
The Q1 numbers are in, and it’s time to talk inventory. Read our analysis from industry experts and get the latest inventory numbers in full.
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Infographics & DataSGI Sporting Goods Scorecard Q1 2023
How did Apparel, Footwear, Equipment and Retail perform in the first quarter of 2023? Our Sporting Goods Industry Scorecard has the answer.
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News briefsAnother executive change at Thule Group announced
Thule Group has announced that Jonas Lindqvist is to leave his position as Chief Financial Officer, in agreement with the company. Lindqvist has been the CFO of the Thule Group since 2020 and will remain in his role until his successor is in place. The recruitment process for a new ...
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ArticleThule continues to suffer from slumping bike product sales in Q4
Thule Group has reported a sharp decline in sales for the fourth quarter of 2022, as a slump in bike products begun in the third quarter continued. The Swedish company explains that retailers sought to reduce inventories in the product category in the second half of the year after “excessively ...
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ArticleThule announces change in CEO and president position
After an expected difficult 2022, the Thule Group AB has appointed Mattias Ankarberg (who has been a member of the board of the Thule Group since 2018) as its new president and CEO. Ankarberg joins Thule from his current position as CEO of Byggmax Group. His former roles include global ...
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ArticleDouble-digit sales decline at Thule Group in Q3
Thule’s net sales in the third quarter decreased by 22.8 percent to 2.14 billion Swedish kronor (€195.87m) compared to the same period in 2021. Adjusted for exchange rate fluctuations, the group’s net sales fell by as much as 29.4 percent. Operating profit amounted to SEK 193 million (€17.67m). This compares ...
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ArticleAnalysis: Sporting Goods Scorecard Q2 2022 - The top performers by sales and profit
Our Scorecard includes the revenue and profit development of 43 major sporting goods companies.
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Infographics & DataSporting Goods Scorecard Q2 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleThule Group enters new categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
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ArticleThule’s margins hold up as Q1 sales grow 20%
Thule Group saw growth across geographies and product lines in the first quarter of 2022, with sales rising by a reported 19.5 percent compared to the year-earlier to 3,034 million Swedish kronor (€291.7m). On a currency-adjusted basis, sales increased by 13.4 percent. Margins were resilient as price hikes and efficiency ...
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AnalysisSporting Goods Industry Scorecard 2021
Exclusive: We give you an overview of top performers by sales and profit.
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ArticleThule wants to double sales by 2030, reducing CO² emissions
Everything is still going well for the Swedish-based Thule Group. In an interim report, it said that its sales for the first quarter soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) ,or by 56.0 percent in constant currencies. Net income jumped to SEK 447 ...
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ArticleBetter-than-expected results for Thule Group
Thule Group achieved better-than-expected results in 2020 by riding the strong global bike trend that started in June. Sales rose by 11.2 percent from the previous year to 7,828 million Swedish kronor (€777.1m-$942.7m) or 13.1 percent in constant currencies. In its annual report, the Swedish company attributed these results to ...
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ArticleRobust sales and earnings for Thule
The Swedish-based Thule Group saw its sales soar by 32.6 percent in the fourth quarter of 2020 to 1,605 million Swedish kronor (€159.3m-$193.2m), and they were up 44.6 percent in constant currencies. Net income jumped to SEK 164 million (€16.3m-$19.7m) from SEK 30 million for the fourth quarter of 2019. ...
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News briefsNew president for the Americas at Thule Group
Hilary Hartley has been named president of Thule Group’s Americas business area, which recently recovered after performing less well than Europe and the rest of the world for a while. He will join the Swedish company’s global corporate leadership team, reporting to its CEO and president, Magnus Welander. At the ...
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ArticleThule posts strong results
The third quarter was a good one for Thule Group, the Swedish company best known for its roof boxes and bike racks. It saw its net income soar by 148.6 percent from the year-ago quarter to 449 million Swedish kronor (€43.3m-$51.3m), while revenues jumped by 44.9 percent to SEK 2,043 ...
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News briefs
Remote voting for Thule’s AGM
Thule Group is encouraging shareholders to exercise their voting rights remotely in advance of the Swedish company’s annual general meeting, scheduled for April 28, in order to minimize the number of people gathered at its location. They have to fill out and send a registration form by April 22 to ...
