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 2023 Thule Group AB Earnings Call Transcript

Jul 19, 2023 / 08:00AM GMT
Release Date Price: kr327.8 (+8.11%)
Operator

Good morning, and welcome to the Thule Group 2023 Quarter 2 Report Conference Call. My name is Carla, and I will be the operator for today's call. (Operator Instructions)

I would now like to hand the conference over to your host, Magnus Welander, CEO. Please go ahead when you are ready.

Magnus Welander;publ;CEO;President
Thule Group AB

()-&

Thank you, Carla. Good morning, everybody, and welcome to this 2023 Q2 report for the Thule Group, which is also my final as a CEO, the 35th quarterly call since stock listed and actually my 50th quarterly report I realized. Time flies when you're having fun.

So let's go through the first slide. And when we look at the summary of the second quarter, I think we can happily say that what we expected to happen has been happening throughout the quarter in terms of sales. So as you all remember, when we summarized the first quarter in late April, we also informed the market that we would have a slow start to the quarter, partly due to the high inventory levels

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