Thule Group AB (OSTO:THULE)
kr 281 0 (0%) Market Cap: 29.71 Bil Enterprise Value: 31.76 Bil PE Ratio: 26.38 PB Ratio: 3.95 GF Score: 71/100
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Q1 2019 Thule Group AB Earnings Call Transcript

Apr 26, 2019 / 07:30AM GMT
Release Date Price: kr218.6 (+3.11%)
Magnus Welander;publ;CEO;President
Thule Group AB

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Good morning, ladies and gentlemen. And happy to have you listening in to our quarter 1 2019 report call. And it's always good to start the year in a good way, which is exactly what we have done with 2019.

So if we go to the first slide of the presentation, you will see that we started the year with a net sales of SEK 1.834 billion, which was then a growth of 13.8%. In a currency adjusted growth, that was 7.5%. And as we did the acquisition of the small company, Tepui, late last year in December, we also got some growth contribution from that in quarter 1. So the true organic constant currency growth rate was 6.4% for the quarter.

As we had planned and communicated, it was the Region Europe and Rest of World that was in the driving seat and grew with 10.3% currency adjusted, while Region Americas declined with 0.7%. I'm going to comment more about the regions later on. The development was in line with our expectations. So in line with what we thought.

In terms of EBIT, we

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