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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Q1 2022 Thule Group AB Earnings Call Transcript

Apr 26, 2022 / 08:00AM GMT
Release Date Price: kr347.1 (-4.06%)
Operator

Hello, everyone, and a warm welcome to the Thule Group Q1 interim report 2022. My name is Emily, and I'll be coordinating the call today. (Operator Instructions) I now hand the call over to our host, Magnus Welander, CEO. Please go ahead.

Magnus Welander;publ;CEO;President
Thule Group AB

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Thank you very much. And good morning, everybody. Yes, it's been a very strange first quarter for the world. We have lived through things I think nobody would have expected around us. But at the same time, I'm happy to say from a company perspective that for the Thule Group, it's been a very good start to the year.

So if we turn to the first page, and look at some of the key financials of what we delivered in the first quarter, we can see that we grew sales with 13% currency adjusted in the first quarter. And I think it's important to take a step back and realize that that is a 64% growth on a currency adjusted basis versus what we did the first quarter before the pandemic in 2019. So a very strong result indeed.

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