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 2022 Thule Group AB Earnings Call Transcript

Feb 10, 2023 / 09:00AM GMT
Release Date Price: kr225.5 (-14.55%)
Operator

Hello, and welcome to today's Thule Group Year-End Report Fourth Quarter 2022. My name is Bailey, and I'll be your moderator for today's call. (Operator Instructions)

I would now like to pass the conference over to Magnus Welander, CEO and President. Please go ahead when you're ready.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you, [Harry]. Good morning, everybody. Time to wrap up a interesting 2022. So I ask Harry to go to Page 2, where we summarize a year that truly has had 2 very different phases. As you've been hearing from us throughout 2022, we had a phenomenal start to the year with a fantastic preseason for the bike market and in general very strong performance across Thule's categories. And then as we all remember, if we're listening into this call, we had to issue a profit warning in September as the bike retail sector clearly had a big handbrake pull when they saw they had too much inventories on hand.

So if you look at 2022 Q4, we have also, as always, remember

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