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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Q4 2019 Thule Group AB Earnings Call Transcript

Feb 12, 2020 / 09:00AM GMT
Release Date Price: kr231 (-1.28%)
Operator

Ladies and gentlemen, welcome to the Thule Group Year-End Report 2019. My name is Felicia, and I will be coordinating your call today. (Operator Instructions)

I will now hand you over to your host, Magnus Welander from -- the CEO. Magnus, please go ahead.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you very much. So we're ending 2019, and we ended with a fourth quarter which was in line with our expectations.

So if we look at the summary on Slide 2, you can see that we had a net sales of SEK 1.211 billion. And that meant that we had a 4.7% growth, a 0.6% growth, excluding currency effects. Whereas we have seen throughout the year, Region Europe and Rest Of World was the positive driver with a growth of 4.2% and Region Americas, as we had previously commented with a decline of 5.7%.

Our underlying EBIT was SEK 71 million, and that means an underlying EBIT margin of 5.9%, slightly better than last year, in what is, as you are well aware, by far, our smallest quarter

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