Feb 12, 2020 / 09:00AM GMT
Operator
Ladies and gentlemen, welcome to the Thule Group Year-End Report 2019. My name is Felicia, and I will be coordinating your call today. (Operator Instructions)
I will now hand you over to your host, Magnus Welander from -- the CEO. Magnus, please go ahead.
Magnus Welander - Thule Group AB(publ)-CEO&President
Thank you very much. So we're ending 2019, and we ended with a fourth quarter which was in line with our expectations.
So if we look at the summary on Slide 2, you can see that we had a net sales of SEK 1.211 billion. And that meant that we had a 4.7% growth, a 0.6% growth, excluding currency effects. Whereas we have seen throughout the year, Region Europe and Rest Of World was the positive driver with a growth of 4.2% and Region Americas, as we had previously commented with a decline of 5.7%.
Our underlying EBIT was SEK 71 million, and that means an underlying EBIT margin of 5.9%, slightly better than last year, in what is, as you are well aware, by far, our smallest quarter
Q4 2019 Thule Group AB Earnings Call Transcript
Feb 12, 2020
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