Thule Group reported net sales for the second quarter amounted to SEK1,955 million, up from SEK1.725 million, corresponding to an increase of 13.3 percent. Adjusted for exchange-rate fluctuations, sales rose 8.6 percent.
Underlying EBIT amounted to SEK474 million against SEK414 million, corresponding to an increase of 14.7 percent and a margin of 24.3 percent versus 24 percent. After adjustment for exchange-rate fluctuations, underlying EBIT rose 14.1 percent and the margin improved 1.2 percentage points.
Net income totaled SEK348 million, up from SEK304 million.
Cash flow from operating activities totaled SEK416 million versus SEK381 million a year ago.
Earnings per share before dilution amounted to SEK3.41, up from SEK3.01.
Photo courtesy Thule
