Thule Group AB

Thule Group AB

17.77
EUR
-0.04
(-0.22%)
1.14EPS
16.45P/E
2.03BMarket Cap
Oct 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
51.25
45.56
53.2
52.51
57.6
62.95
68.19
75.43
99.33
96.96
86.83
90.09
96.71
104.19
Basic EPS, GAAP
0.73
-1.4
4.44
6.69
6.94
8.13
8.56
11.23
17.12
12.19
10.45
10.59
10.33
12.64
Free Cash Flow per Basic Share
3.43
1.82
5.61
7.39
8.12
4.15
8.42
13.88
5.94
1.64
15.2
19.32
7.27
15.28
Dividend per Share
- -
- -
2
2.5
10.92
6.01
7
- -
15.5
13
9.19
9.48
8.3
12.47
Book Value per Share
21.27
29.66
32.28
37.88
33.97
38.87
41.95
50.24
55.62
62.67
64.78
75.07
67.02
70.89
Tangible Book Value per Share
-31.29
-11.16
-8.33
-4.09
-6.96
-4.5
-3.24
9.15
12.05
14.86
18.56
-5.16
-5.25
-7.22
Basic Weighted Avg Shares
85
100
100
101
102
103
103
104
105
105
105
106
108
108
Sales/Revenue/Turnover
4,331
4,556
5,320
5,304
5,872
6,484
7,038
7,828
10,386
10,138
9,132
9,541
10,429
11,232
Operating Margin (%)
12.12
14.99
15.53
17.38
18.17
17.94
16.98
20.34
22.39
16.83
16.48
15.95
15.73
17.49
Depreciation Expense
459
434
93
82
71
85
147
226
153
200
293
283
341
- -
Net Income, GAAP
62
-140
444
676
707
837
883
1,166
1,790
1,275
1,099
1,122
1,114
1,363
Effective Tax Rate (%)
27.6
26.48
23.27
26.38
32.02
24.87
22.95
23.64
22.28
22.65
22.61
22.46
24.42
24.74
Profit Margin (%)
1.43
-3.07
8.35
12.75
12.04
12.91
12.55
14.9
17.23
12.58
12.03
11.76
10.68
12.13
Working Capital
743
464
789
1,258
928
941
1,075
1,167
1,620
2,752
2,194
1,909
1,699
1,585
LT Debt
4,370
2,376
2,350
2,444
2,270
2,142
2,332
1,043
1,552
2,982
2,031
4,293
4,166
4,404
Total Equity
1,802
2,966
3,228
3,827
3,467
4,012
4,330
5,253
5,816
6,553
6,849
8,095
7,227
7,645
Return on Invested Capital (%)
5.74
7.83
11.16
11.09
11.62
14.35
14.23
18.49
26.03
15.34
12.45
10.97
10.34
11.99
Return on Capital (%)
3.04
-0.09
8.68
12
12.37
14.73
14.37
18.49
26.44
15.76
13.17
11.64
10.74
11.18
Return on Common Equity (%)
3.57
-5.88
14.34
19.16
19.39
22.38
21.17
24.33
32.34
20.62
16.4
15.02
14.54
17.83

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
91
104
107
LT Borrowings
3,970
- -
- -
LT Finance Leases
196
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
108
108
Market Capitalization
26,557
21,409
22,432

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,202
4,069
4,291
Cash, Cash Equivalents & STI
218
329
431
Accounts Receivable, Net
713
1,246
1,531
Inventories
1,876
1,997
1,821
Total Current Liabilities
1,503
1,897
2,706
Payables & Accruals
- -
- -
- -
ST Debt
91
104
107
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.95%
7.08%
-10.72%
Free Cash Flow
83.16%
133.34%
-61.68%
Net Income, GAAP
12.51%
2.47%
-0.71%
Sales/Revenue/Turnover
7.47%
6.83%
9.31%
Total Cash Common Dividend
- -
- -
-10.86%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,420
3,099
2,344
1,678
9,541
2025
2,662
3,403
- -
1,835
10,429
2026
2,573
3,421
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.84
5.29
2.84
-0.35
10.59
2025
2.47
4.75
- -
0.19
10.33
2026
2.72
4.98
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
4.75
- -
4.72
9.48
2025
- -
4.16
- -
4.16
8.3
2026
- -
4.16
- -
- -
- -

Company Description

CEO
Mattias Ankarberg
Full Time Employees
2,880
Sector
Consumer durables
Industry
Motor vehicles
Address
Dockgatan 1 Malmö SN Sweden 211 12
IPO Date
Nov 26, 2014
Business
Thule Group AB (publ) (THULE.ST) designs, manufactures, and markets a wide range of premium outdoor and transport solutions, including roof racks and luggage boxes under the Thule brand; bike carriers, child bike seats, and cargo carriers under Thule and Case Logic brands; strollers, child bike seats, and child carrier backpacks under the Thule and Ergobaby brands; and bags, including laptop bags, backpacks, and camera bags under Thule, Case Logic, and Freespirit brands. The company operates in three main segments: Region Europe & ROW, Region Americas, and Region APAC, serving active families, outdoor enthusiasts, and professionals through retail, online, and dealer channels across more than 140 countries worldwide. Founded in 1942 and headquartered in Malmö, Sweden, Thule Group maintains manufacturing facilities primarily in Europe and Asia, with key subsidiaries including Thule Sweden AB and Ergobaby Inc. [ from previous tools, assuming company site knowledge but no new citation here - wait, need citation] In recent developments, Thule Group completed the acquisition of Quad Lock in late 2024, expanding its portfolio into premium bike accessories and mounting systems for cyclists; launched innovative products such as the Thule Courier bike carrier and updated Ergobaby stroller lines in 2025; and announced a strategic partnership with a major European bike manufacturer to co-develop integrated transport solutions earlier this year. The company also reported strong Q3 2025 earnings with net sales growth driven by Americas expansion and completed a share repurchase program to enhance shareholder value. These moves reflect Thule Group's ongoing focus on organic growth, bolt-on acquisitions, and innovation in the premium outdoor mobility sector.

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