Jul 17, 2024 / 08:00AM GMT
Mattias Ankarberg - Thule Group AB - President, Chief Executive Officer, Director
Thank you very much and welcome, everybody to this Q2 call. I am as previously joined by our CFO, Toby Lawton, and we'll get going straight away. Overall, second quarter was a quarter with a good financial result. Despite us making big investments for future growth. We saw some sales growth in the quarter. Strong profitability and importantly, have now launched a lot of products, but also two new product categories this first half year.
So covering some of the highlights and speaking to the presentation material available financials, first, sales is up 2% FX-adjusted versus previous year and fairly the same across the geographies. We will talk about the product categories in more detail in a minute. We continue to see a tough market out there in general and in particular in some specific areas. And we also continue to see good growth from NuTool products and from bike related products, we have a gross margin, which increase to an all-time high in the quarter, 44.2%, which were, of course, pleased to see.
Q2 2024 Thule Group AB Earnings Call Transcript
Jul 17, 2024
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