- Thule’s 2Q net sales reached SEK 3.40 billion, surpassing the estimated SEK 3.31 billion.
- Adjusted EBIT was SEK 734 million, a slight increase of 0.3% year-over-year, and above the estimate of SEK 728 million.
- EBIT recorded at SEK 703 million, a decrease of 4% year-over-year, below the estimated SEK 716.1 million.
- EBITDA exceeded expectations at SEK 831.0 million, compared to the estimated SEK 793.6 million.
- Diluted EPS was SEK 4.75, down from SEK 5.28 year-over-year, and slightly under the estimated SEK 4.85.
- A SEK 31 million adjustment was made to operating income in 2Q due to North American restructuring.
- Sales rose by 16% in 2Q, excluding negative currency impacts, despite a weak market environment.
- Growth driven by new products and categories; high launch pace is yielding positive results, according to the CEO.
- Operating income remained constant despite substantial investments in product development.
- Market conditions were challenging, particularly in North America, where consumer and retailer caution affected sales.
- Thule raised prices in North America in June to counteract the impact of US tariffs.
- The short-term market outlook remains challenging, especially in North America.
- Thule currently has 6 buy ratings, 2 hold ratings, and no sell ratings from analysts.
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Thule Group Ab on Smartkarma
Analyzing Thule Group AB on Smartkarma, Baptista Research delves into the question, “Can the Quad Lock Acquisition Turbocharge Profit Margins Long-Term?” The report highlights a mixed performance in Thule’s recent quarterly earnings, with a 10% increase in total sales but a significant 13% decline in North American sales. However, there is a silver lining as sales in Europe remained stable with slight growth, presenting a contrasting picture for the company’s performance.
A look at Thule Group Ab Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Thule Group Ab, a manufacturer of bike racks, cargo carriers, and hitch solutions for vehicles, as well as various carry solutions, luggage, and RV accessories worldwide, scores well on several Smartkarma Smart Scores. With a solid Dividend score of 4 and Resilience score of 4, the company is positioned to provide stable returns to investors, while also demonstrating a strong ability to withstand economic challenges. However, with Value and Growth scores of 3 each, Thule Group Ab may have room for improvement in terms of its valuation and potential for expansion. The Momentum score of 3 suggests a moderate level of investor interest and market activity in the company.
In summary, Thule Group Ab‘s overall outlook, as indicated by its Smartkarma Smart Scores, reflects a company with a good dividend yield and resilience, but with potential areas for growth and valuation enhancement. Investors may appreciate the stability offered by the company’s solid dividend and resilience scores, while also considering opportunities for future expansion and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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