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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Q2 2022 Thule Group AB Earnings Call Transcript

Jul 21, 2022 / 08:00AM GMT
Release Date Price: kr292.5 (+3.91%)
Operator

Hello and welcome to the Thule Group Interim Report Q2 2022. My name is Alex, and I'll be coordinating the call today. (Operator Instructions) I will now hand over to your host, CEO, Magnus Welander to begin. Magnus, over to you.

Magnus Welander;publ;CEO;President
Thule Group AB

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Thank you very much. Good morning, everybody, and welcome to this quarterly call. We are happy to announce the quarterly results for what I consider a strong second quarter 2022.

So if we go to Slide 2 of the presentation. We can see that a strongest sales ever in the quarter with SEK 3.3 billion in sales. If you look at what that means from a currency adjusted, we did decline with 3% versus the exceptionally strong second quarter in 2021, with Europe and Rest of World being the declining region with a minus 5% currency adjusted, while Region Americas was flat in a currency adjusted result. If you look at from a very strong North American currency situation, we grew 15% from a reported result in Region Americas.

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