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 2020 Thule Group AB Earnings Call Transcript

Feb 10, 2021 / 09:00AM GMT
Release Date Price: kr339.4 (+5.14%)
Operator

Ladies and gentlemen, welcome to the Thule Group 2020 Year-End Results Call. My name is Abby, and I'll be coordinating your call today. (Operator Instructions)

I will now hand over to our host, Magnus Welander, CEO. Please go ahead, Magnus.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you, Abby. Good morning, everybody, and welcome to the year-end report for 2020. And what a weird year 2020 has been.

So if we turn to the first slide of the presentation and look a little bit on the fourth quarter results, of course, the fourth quarter then sums up a fantastic second half of the year. When we looked at the third quarter report, we told you that we were expecting a season pickup to come and actually even slip into the fourth quarter, and that was exactly what happened. So for the fourth quarter, we reported a 45% currency adjusted growth. And it was very similar in the 2 regions with Region Americas growing 48% and Region Europe and Rest of World growing 43%. So a very strong

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