- Q1 2024 Thule Group AB Earnings Call TranscriptApr 26, 2024kr302.8 (+0.87%)Earnings
- Full Year 2023 Thule Group AB Earnings Call TranscriptFeb 09, 2024kr291.2 (+5.78%)Earnings
- Q3 2023 Thule Group AB Earnings Call TranscriptOct 27, 2023kr240 (-1.80%)Earnings
- Q2 2023 Thule Group AB Earnings Presentation (Q&A) TranscriptJul 19, 2023
- Q2 2023 Thule Group AB Earnings Call TranscriptJul 19, 2023kr327.8 (+8.11%)Earnings
- Q1 2023 Thule Group AB Earnings Call TranscriptApr 27, 2023kr295.8 (+13.81%)Earnings
- Q4 2022 Thule Group AB Earnings Call TranscriptFeb 10, 2023kr225.5 (-14.55%)Earnings
- Q3 2022 Thule Group AB Earnings Call TranscriptOct 27, 2022kr218 (-3.02%)Earnings
- Thule Group AB Trading Update Call TranscriptSep 12, 2022
- Q2 2022 Thule Group AB Earnings Call TranscriptJul 21, 2022kr292.5 (+3.91%)Earnings
- Thule Group AB Capital Markets Day TranscriptMay 11, 2022
- Q1 2022 Thule Group AB Earnings Call TranscriptApr 26, 2022kr347.1 (-4.06%)Earnings
- Q4 2021 Thule Group AB Earnings Call TranscriptFeb 09, 2022kr440.2 (+3.77%)Earnings
- Q3 2021 Thule Group AB Earnings Call TranscriptOct 22, 2021kr490.6 (+9.22%)Earnings
- Q2 2021 Thule Group AB Earnings Call TranscriptJul 21, 2021kr427.2 (+12.18%)Earnings
- Thule Group AB CEO Presentation - Pre Recorded TranscriptApr 22, 2021
- Q1 2021 Thule Group AB Earnings Call TranscriptApr 22, 2021kr409.8 (+1.29%)Earnings
- Q4 2020 Thule Group AB Earnings Call TranscriptFeb 10, 2021kr339.4 (+5.14%)Earnings
- Q3 2020 Thule Group AB Earnings Call TranscriptOct 23, 2020kr311.6 (+6.13%)Earnings
- Q2 2020 Thule Group AB Earnings Call TranscriptJul 21, 2020kr263.2 (+4.44%)Earnings
- Q1 2020 Thule Group AB Earnings Call TranscriptApr 28, 2020kr180.9 (+2.55%)Earnings
- Q4 2019 Thule Group AB Earnings Call TranscriptFeb 12, 2020kr231 (-1.28%)Earnings
- Q3 2019 Thule Group AB Earnings Call TranscriptOct 25, 2019kr208 (+9.19%)Earnings
- Q2 2019 Thule Group AB Earnings Call TranscriptJul 18, 2019kr203.4 (-4.06%)Earnings
- Q1 2019 Thule Group AB Earnings Call TranscriptApr 26, 2019kr218.6 (+3.11%)Earnings
Q1 2024 Thule Group AB Earnings Call Transcript
Welcome everybody to this Q1 conference call. I am here with Toby Lawton, our CFO as usual, and we will talk to a presentation available on our website or on the webcast and then we will follow with questions.
So starting on page 2, we're happy to see a good start to the year 2024, 8% sales growth in currency-adjusted with the Europe and the rest of the world continuing to perform a bit better than the Americas. Bike related drives growth for us, new products drive growth for us and RV products continue to decline. We have a very good gross margin flat versus previous year and at the high level compared to historical trends, where first quarter and also the EBIT margin is in line with last year at 17%.
Then this is considering that we are, as you probably are aware in the most intense product launch year and season in the Thule Group history. Continue to see a good development in inventory reduction and in cash flow from operations, and we have a target to reduce inventory of a further SEK200 million this year and we are on
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