Q2 2022 Thule Group AB Earnings Call Transcript
Hello and welcome to the Thule Group Interim Report Q2 2022. My name is Alex, and I'll be coordinating the call today. (Operator Instructions) I will now hand over to your host, CEO, Magnus Welander to begin. Magnus, over to you.
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Thank you very much. Good morning, everybody, and welcome to this quarterly call. We are happy to announce the quarterly results for what I consider a strong second quarter 2022.
So if we go to Slide 2 of the presentation. We can see that a strongest sales ever in the quarter with SEK 3.3 billion in sales. If you look at what that means from a currency adjusted, we did decline with 3% versus the exceptionally strong second quarter in 2021, with Europe and Rest of World being the declining region with a minus 5% currency adjusted, while Region Americas was flat in a currency adjusted result. If you look at from a very strong North American currency situation, we grew 15% from a reported result in Region Americas.
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