Sep 12, 2022 / 08:00AM GMT
Magnus Welander - Thule Group AB(publ)-CEO&President
Thank you very much. Good morning, ladies and gentlemen. As was announced, it is a trading update, and what we're talking about here in this trading update is what has been happening in the bike retail sector as the third quarter has initiated.
As you all will remember that when we did our 2022 Q2 report in July, we announced the fact that we saw some trends in the bike retailers with too much inventory of some low entry-level and mid-level products in general, both specifically on the bikes themselves, but also in various forms of bike gear. And we said that, that could potentially impact the situation for the product sales.
This situation has clearly amplified as the quarter has started and we have seen markedly reduced sales versus the exceptionally strong record year in 2021, which is why we do this trading update now.
So logically, what is key for us is, of course, then to look at the situation, what it means short term and what we believe it could potentially impact
Thule Group AB Trading Update Call Transcript
Sep 12, 2022
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers