Q3 2025 Thule Group AB Earnings Call Transcript

Oct 22, 2025 / 08:00 AM GMT

Release Date Price: $29.2

Transcript

Key Points

Positve

Thule Group AB (THLPF) reported a 13% increase in sales compared to last year, excluding currency effects.
The EBIT margin improved to 17.9%, higher than both last year and historical averages.
The company generated strong cash flow from operations, amounting to 668 million SEK.
New product categories and the acquired Quadlock business contributed positively to sales and growth.
Thule Group AB (THLPF) successfully reduced inventory levels, with a target to decrease by an additional 200 million SEK on track.

Negative

Organic growth was down 4% in the quarter, reflecting a challenging market environment.
The North American market remains the toughest, with a 5% decline in organic sales.
Currency effects negatively impacted net sales by 5% in the quarter.
Retailers were cautious about replenishing inventory, affecting sales negatively at the end of Q3.
The RV product segment continues to face challenges, with a decline in sales to the OEM channel.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

THULE.ST - Thule Group AB
Q3 2025 Thule Group AB Earnings Call
Oct 22, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you very much. Welcome everybody to this call. I am, as usual, also joined here by Toby Lawson, our CFO. We'll be speaking to the To the presentation and the presentation will be available at our IR website following this call. So.

Starting from the top, it's a quarter which in many ways are in line with the year before with the, exception that profitability is improving, in a better way. So.

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Unidentified_2 [2]
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Good profitability in a continued tough market.

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