Thule Group AB (publ) (THLPF)
| Market Cap | 2.66B -9.8% |
| Revenue (ttm) | 1.09B +5.7% |
| Net Income | 119.89M +4.9% |
| EPS | 1.11 +3.5% |
| Shares Out | n/a |
| PE Ratio | 22.21 |
| Forward PE | 18.94 |
| Dividend | 0.87 (3.25%) |
| Ex-Dividend Date | Oct 3, 2025 |
| Volume | 1,000 |
| Average Volume | 1,336 |
| Open | 26.82 |
| Previous Close | 26.82 |
| Day's Range | 26.82 - 26.82 |
| 52-Week Range | 26.82 - 29.20 |
| Beta | 1.29 |
| RSI | 45.51 |
| Earnings Date | Apr 29, 2026 |
About Thule Group AB
Thule Group AB (publ) operates as a sports and outdoor company in Europe, North America, and internationally. It offers roof boxes, roof racks, bike carriers, rooftop tents, and windbreakers, as well as solutions for water and winter sports. The company also provides bike trailers, jogging and all-terrain strollers, child bikes, car seats, and carriers and harnesses for dog transportation; and duffel bags, backpacks, luggage, laptop bags, hiking backpacks, camera bags, and cases for consumer electronics. It sells its products under the Case Log... [Read more]
Financial Performance
In 2025, Thule Group AB's revenue was 10.43 billion, an increase of 9.31% compared to the previous year's 9.54 billion. Earnings were 1.11 billion, a decrease of -0.71%.
Financial numbers in SEK Financial StatementsNews
Thule Group AB (THLPF) Q1 2026 Earnings Call Highlights: Strong European Growth and Design ...
Thule Group AB (THLPF) Q1 2026 Earnings Call Highlights: Strong European Growth and Design Accolades Amid Currency Challenges
Q1 2026 Thule Group AB Earnings Call Transcript
Q1 2026 Thule Group AB Earnings Call Transcript
Thule Group AB Earnings Call Transcript: Q1 2026
Organic sales grew 4% year-over-year with improved profitability, led by strong gains in Active with Kids and Dogs and RV Products. Gross margin remained high, EBIT margin rose to 16.5%, and cash flow from operations turned positive. Leverage is expected to decline in coming quarters.
Thule Group upgraded to Hold from Sell at SEB Equities
SEB Equities analyst Gustav Hageus upgraded Thule Group (THUPY) to Hold from Sell with a SEK 220 price target
Thule Group AB Transcript: Pre-close call
Q4 saw sequential improvement, with growth driven by acquisitions and a recovering RV market in Europe. Efficiency initiatives, new product launches, and modest price increases are expected to support margin and revenue growth in 2026, despite FX headwinds and cautious consumer sentiment.
Thule Group AB Earnings Call Transcript: Q4 2025
Record sales and profit achieved in 2025, driven by new products, Quad Lock acquisition, and strong gross margin. Despite FX headwinds and cautious markets, growth in new categories and efficiency gains support a positive outlook for 2026.
Thule Group AB Transcript: Pre-close call
Q3 saw strong reported sales growth but negative organic growth due to cautious demand, with Q4 expected to mirror Q3's challenging market, especially in the US. Strategic focus remains on champion product categories, efficiency, and innovation, with new launches and price increases implemented. Quad Lock's Q4 growth is set to rebound, though margins will be lower due to Black Week.
Thule Group initiated with a Neutral at UBS
UBS analyst Louise Wiseur initiated coverage of Thule Group (THUPY) with a Neutral rating and SEK 260 price target The firm is cautious on retailers and consumers in the near-term.
Thule Group AB Transcript: CMD 2025
Ambitious new financial targets set, focusing on 7% organic growth and 20% EBIT margin within 2–4 years, driven by scaling champion product categories and operational efficiencies. Strategic investments in innovation, targeted M&A, and a refocused bags segment support this plan.
Thule Group AB Earnings Call Transcript: Q3 2025
Q3 delivered improved profitability with EBIT margin rising to 17.9% and strong cash flow, despite a 4% organic sales decline and continued market headwinds. New products and the Quad Lock acquisition drove growth, while efficiency initiatives and cost control supported margins.
Thule Group AB Transcript: Investor Update
Despite a challenging market, growth was achieved through premium and new product launches, with cost and supply chain efficiencies supporting margins. Inventory reduction and price adjustments are ongoing to offset tariffs, while product innovation and expansion into new categories remain key priorities.
Thule Group price target raised to SEK 335 from SEK 320 at Jefferies
Jefferies raised the firm’s price target on Thule Group (THUPY) to SEK 335 from SEK 320 and keeps a Buy rating on the shares. The company’s Q2 results mark a…
Thule Group AB Earnings Call Transcript: Q2 2025
Revenue grew 10% to SEK 3.4 billion, driven by new products and Quadlock, despite a tough market. Gross margin improved, but adjusted EBIT margin declined due to higher product development costs. North America showed sequential improvement, and inventory reduction remains on track.
Thule Group AB Transcript: Pre-close call
Growth continues despite tough U.S. market conditions and tariffs, with strong product launches and recognition driving performance. Strategic focus shifts to high-potential categories and regions, while cost efficiency and innovation remain priorities.
Thule Group downgraded to Hold from Buy at DNB Carnegie
DNB Carnegie downgraded Thule Group (THUPY) to Hold from Buy with a price target of SEK 290, down from SEK 300. The firm sees a neutral risk/reward at current share…
Thule Group upgraded to Buy from Hold at Nordea
Nordea upgraded Thule Group (THUPY) to Buy from Hold with a SEK 313 price target The firm sees an attractive entry point at current share levels.
Thule Group upgraded to Buy from Hold at Nordea
Nordea upgraded Thule Group (THUPY) to Buy from Hold with a SEK 315 price target
Thule Group upgraded to Buy from Hold at Jefferies
Jefferies upgraded Thule Group (THUPY) to Buy from Hold with a price target of SEK 290, down from SEK 340. The firm says that despite growing concerns about a potential…
Thule Group upgraded to Buy from Hold at Kepler Cheuvreux
Kepler Cheuvreux analyst Mats Liss upgraded Thule Group (THUPY) to Buy from Hold with a price target of SEK 275, down from SEK 335. The firm expects consumer to continue…
Thule Group AB Earnings Call Transcript: Q1 2025
Q1 sales grew 10% year-over-year, driven by new products and the Quad Lock acquisition, despite a weak North American market and cautious global sentiment. Gross margin hit a record 44.8%, but EBIT margin fell to 15.1% due to earlier product launch costs. Strategic changes and price increases are underway to offset tariff impacts.
Thule Group AB Transcript: Pre-close call
Sales grew 5% in 2024, driven by record product launches and strong new category performance. Despite a challenging North American market and RV segment, strategic priorities for 2025 focus on innovation, scaling new categories, and supply chain efficiency. Tariff impacts will be offset by price increases in North America.
Thule Group downgraded to Hold from Buy at SEB Equities
SEB Equities analyst Gustav Hageus downgraded Thule Group (THUPY) to Hold from Buy with a SEK 345 price target
Thule Group AB Earnings Call Transcript: Q4 2024
Profitable growth returned in 2024 with 5% sales growth and record gross margin, driven by new product launches and the Quad Lock acquisition. Strong cash flow, continued investment in innovation, and a robust outlook for 2025 despite ongoing market challenges.
Thule Group reinstated with a Hold at Jefferies
Jefferies reinstated coverage of Thule Group (THUPY) with a Hold rating and SEK 340 price target After the fourth consecutive year of underperformance for European midcaps, Jefferies says 2025 holds…
Thule Group AB Transcript: Pre-close call
Returned to sales and EBIT growth in 2024, driven by record product launches and strong European performance, while RV OE and North America remained challenging. Quad Lock acquisition aligns with strategy and will help balance seasonality. High activity and innovation to continue in 2025, with front-loaded launches and ongoing investment in product development.