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Thule lowers sales target ahead of capital markets day to 7% organic growth

Thule adjusts its sales target ahead of its capital markets day and now aims for 7% organic growth instead of the previous goal of reaching SEK 20 billion by 2030. The other financial targets remain unchanged, including a targeted EBIT margin of 20%. The revision was expected, as the earlier target would have required annual growth of around 15%, well above the historical average of about 5%. » More on de.investing.com
Thule increases sales by 16% in Q2 2025 despite weak market environment

Thule recorded a currency-adjusted sales growth of 16% in the second quarter of 2025, with its North American business rebounding after strategic adjustments. The gross margin rose to 46.3%, while the EBIT margin declined slightly, attributed to upfront costs for product launches. The company continues to focus on product innovation, efficiency improvements, and expansion into new categories to drive growth in a challenging market environment. » More on de.investing.com

Historical dividends Dividends

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In 2026, THULE GROUP UNSP.ADR 1/2 has already paid €0.19 in dividends. The last payout was in June.

Financials

In the last quarter, THULE GROUP UNSP.ADR 1/2 had revenue of €308.7M and net profit of €48.46M

(EUR)	June 2026	YoY
Revenue	308.7M	1.08%
Gross profit	145.91M	3.23%
Net profit	48.46M	5.46%
EBITDA	78.59M	24.74%

Fundamentals

Metric	Value
Market capitalization	€3.79B
Number of shares	431.35M
52-week high/low	€12.08 - €8.29
Dividend yield	2.19%
Dividends TTM	€0.19
Next dividend	€0.19
Beta	1.28
P/E ratio	16.70
PEG ratio	0.93
P/B ratio	2.49
P/S ratio	1.99

Company profile

Thule Group AB (publ) operates as a sports and outdoor company. It offers roof racks; roof boxes; carriers for transporting bikes, water, and winter sports equipment and rooftop tents; awnings, bike carriers, and tents for RVs and caravans; bike trailers, child bike seats, and strollers; luggage, backpacks, and laptop and sport bags; and hiking backpacks, camera bags, and cases for consumer electronics. The company offers its products primarily under the Thule and Case Logic brands. It operates in Sweden, other Nordic countries, Germany, rest of Europe, the United States, other North America, Central/South America, the Asia/Pacific Rim, and internationally. Thule Group AB (publ) was founded in 1942 and is headquartered in Malmö, Sweden.