Thule Q3 net profit climbs 25%
- Thule Group AB (publ) press release (THLPF): Q3 EPS: SEK 3.65 vs. SEK 2.91 a year earlier, up 25%.
Revenue: SEK 2.60B vs. SEK 2.53B, up 3%; organic sales growth was 1.2%.
Outlook: Thule expects no significant improvement in market conditions in the short term and said it remains on track to meet its financial targets.
Operating profit: SEK 521M vs. SEK 453M, up 15%, including SEK 52M in tariff refunds.
Operating margin: 20.0% vs. 17.9%; gross margin improved to 49.3% from 47.5%.
Net profit: SEK 393M vs. SEK 314M, up 25%.
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