Oct 27, 2022 / 08:00AM GMT
Operator
Hello, everyone, and welcome to the Thule Group Interim Report Third Quarter 2022 Call. My name is Davy, and I'll be your moderator today. (Operator Instructions) I would now like to hand the call over to your host, Magnus Welander, the CEO, to begin. So Magnus, please go ahead.
Magnus Welander - Thule Group AB(publ)-CEO&President
Thank you very much, Davy. So good morning, ladies and gentlemen, for the third quarter call in the Thule Group. And what a quarter it has been to say the least. So we move to Slide 2 in the presentation. And it's clear that what we have seen in the third quarter as the quarter started has been a surprise to us. If we remind ourselves, first and foremost, what we said in -- after the second quarter call was the fact that we saw a clear worry in that bike retailers were sitting with significant stock levels. However, we grossly underestimated their decisions to act in a very abrupt and very decisive manner to ensure that they didn't continue to build up inventory rather that they
Q3 2022 Thule Group AB Earnings Call Transcript
Oct 27, 2022
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