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 2021 Thule Group AB Earnings Call Transcript

Oct 22, 2021 / 08:00AM GMT
Release Date Price: kr490.6 (+9.22%)
Operator

Good morning, everyone, and welcome to the Thule Group Interim Report Q3 2021. My name is Emily, and I will be coordinating the call today. (Operator Instructions)

I now hand the call over to our host, Magnus Welander, CEO. Magnus, please go ahead.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you very much. Good morning, everybody, and welcome to another fantastic quarter from the Thule Group. We can really say that we had another very strong quarter across the board.

So we can go to the first slide in the presentation. And on that, you can see that we had a total sales of SEK 2.772 billion, which was a 16% currency-adjusted growth versus 2020. And I think it's very important immediately, and we'll talk more about that on the coming slide later on in regards to what it means in reality because we also have to remember we had a very specific comparable period in 2020.

As you will remember, in 2020, the second quarter was stifled in terms of sales due to lockdown

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