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 2020 Thule Group AB Earnings Call Transcript

Oct 23, 2020 / 07:00AM GMT
Release Date Price: kr311.6 (+6.13%)
Operator

Good morning, everyone, and welcome to the Thule Group Interim report for Q3 2020. My name is Selth, and I'll be the operator for your call today.

(Operator Instructions)

I will now pass the floor over to Magnus Welander to begin. Please go ahead, Magnus.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you very much. So good morning, everybody, and welcome to this third quarter report for the Thule Group, and we can then start by saying it has been a very strange year for everybody in 2020. But interestingly enough, if I would have been asked in the beginning of the year in January, February before the COVID pandemic outbreak started, where we would have expected and targeted to be around this time of the year, we are actually there, which means that we are showing year-to-date 7% currency adjusted growth, and we are at a 19.1% rolling 12 month EBIT margin. But the way we've come here is, of course, absurdly different from what we had expected. So we saw already in conjunction

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