Thule Group AB (OTCPK:THUPY)
$ 11.04 +0.45 (+4.29%) Market Cap: 2.38 Bil Enterprise Value: 2.80 Bil PE Ratio: 20.00 PB Ratio: 3.05 GF Score: 79/100

Q2 2021 Thule Group AB Earnings Call Transcript

Jul 21, 2021 / 08:00AM GMT
Release Date Price: $24.6 (+8.71%)
Operator

Ladies and gentlemen, welcome to the Thule Group interim report Q2 call. My name is Nadia, and I will be coordinating the call today. (Operator Instructions)

I will now hand over to your host, Magnus Welander, CEO of Thule Group, to begin. So Magnus, please go ahead.

Magnus Welander;publ;CEO;President
Thule Group AB

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Thank you, Nadia. So good morning, everybody, and very welcome to a very positive second quarter result for the Thule Group.

So I am very happy to report that our strong momentum continues. The very strong 3 quarters in a row we've had has now become a fourth very strong quarter with significant growth over the previous year. So our sales -- if we go to the first page, our sales for the first year was -- for the second quarter was SEK 3.229 billion, which was a 69% core foreign exchange adjusted constant currency growth. And we grew in both regions, so a faster growth in the second quarter in Europe with 74%, currency adjusted and 53% in Region Americas. If you take the

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