Jul 15, 2025 / 07:30AM GMT
Mattias Ankarberg - Thule Group AB - President, Chief Executive Officer
Thank you very much. Welcome, everybody, to today's call. I'm also, as usual, joined by Toby Lawton, our CFO. We will talk to the presentation, and it is later on available on our IR website as always. So starting off with the summary on page 2. This quarter is a quarter where we're growing even though the market is still tough, growing a bit more than in Q1 and total sales in reported currency amounted to SEK3.4 billion.
That's 16% more than last year, excluding the currency effects. We continued to see a weak market, both on the retail and the consumer side and particularly so in North America. On a positive note, it's not getting worse, but it is still tough, and we'll get back to that. Organic growth was small, plus 1.5% in the quarter. Europe is up 4% and North America is down 3%, which we are, of course, not happy about, but it's a big improvement versus the development in the first quarter, which we'll speak more about later.
Quite significant currency effect in the quarter of almost 6% negative, takes
Q2 2025 Thule Group AB Earnings Call Transcript
4 days ago
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