Thule Group AB (MIL:1THUL)
€ 19.12 (0%) Market Cap: 2.01 Bil Enterprise Value: 2.39 Bil PE Ratio: 19.92 PB Ratio: 2.90 GF Score: 23/100

Thule Group AB Pre-Q1 2026 Update Call Transcript

Mar 30, 2026 / 02:00PM GMT
Release Date Price: €23.02
Operator

Welcome to the Thule Q1 pre-quarter update (Operator Instructions). Now I will hand the conference over to the CEO and President Matthias Ankarberg and CFO Toby Lawton. Please go ahead.

Mattias Ankarberg
Thule Group AB - President, Chief Executive Officer

Thank you very much and welcome everybody to this pre-quarter call. I'm Matthias and I'm here also with our CFO. Toby Lawton has announced.

We'll do a short presentation followed by Q&A, and in the presentation we'll cover just where we locked off in Q4. We'll give you an update of the current market situation, remind you of the priorities that we have at Thule for this year, and then I'll head over to Toby for some color on Q1 specifics.

So starting off maybe on page 2, just to recap where we left off in Q4, we had a quarter which was in the right direction at the end of the year. It's a challenging market for sure, but overall, a lot of things got better and better. If we're looking at Q4 specifically, we grew, well, 20% in total, excluding currency effect.

But a lot of that

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