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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Q3 2019 Thule Group AB Earnings Call Transcript

Oct 25, 2019 / 09:00AM GMT
Release Date Price: kr208 (+9.19%)
Operator

Ladies and gentlemen, welcome to the Thule Group Interim Report for Q3 2019 Conference Call. My name is Jordan, and I'll be coordinating your call today. (Operator Instructions) I'm now going to hand over to Magnus Welander, CEO, to begin. Magnus, please go ahead.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you very much. Good morning, everybody and happy to talk about our third quarter of 2019. And as the first slide headlines says, it was a very good quarter in all markets, except our biggest market, the U.S. So, of course, the call will both deal with what's going on in all the other countries outside the U.S., but, of course, also why we didn't perform as we would've liked in the U.S.

So if you look at net sales. We have a net sales of SEK 1.682 billion, which meant a 7.7% growth. And excluding the currency effects, a 3.9% currency growth. And there, the Region Europe and Rest of World grew with 6.7% excluding currency while we saw a decline of 2% in Region Americas. Fully

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