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Last kr107.00 SEK
Change Today +1.75 / 1.66%
Volume 8.4K
THULE On Other Exchanges
Symbol
Exchange
Stockholm
Frankfurt
As of 11:30 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

thule group ab/the (THULE) Snapshot

Open
kr105.25
Previous Close
kr105.25
Day High
kr107.25
Day Low
kr105.25
52 Week High
05/18/15 - kr112.00
52 Week Low
11/25/14 - kr70.00
Market Cap
10.7B
Average Volume 10 Days
125.1K
EPS TTM
--
Shares Outstanding
100.0M
EX-Date
10/8/15
P/E TM
--
Dividend
kr2.00
Dividend Yield
0.93%
Current Stock Chart for THULE GROUP AB/THE (THULE)

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thule group ab/the (THULE) Details

Thule Group AB develops, manufactures, and sells sports and outdoor industry products in Sweden and internationally. It operates through Outdoor & Bags and Specialty segments. The Outdoor & Bags segment offers sports and cargo carriers, such as bike carriers, cargo carriers, roof racks, and water/winter/other carriers; and bags for electronic devices, including camera bags, laptop bags and mobile handheld device cases, and other bags and cases for electronic devices. This segment also provides other outdoor and bags products comprising sport and travel bags consisting of sport duffel bags, technical back packs, and bike pannier bags; active with kids products, such as multifunctional child carriers, sport strollers, and child bike seats; and recreational vehicle products, including awnings and tents, and bike carriers for RVs. The Specialty segment offers work gear products comprising pick-up truck toolboxes; and professional and consumer snow chains. The company provides its products under the Thule, Case Logic, König, UWS, TracRac, and SportRack brand names. Thule Group AB sells its products to retailers and distributors/wholesalers. The company was founded in 1942 and is headquartered in Malmö, Sweden.

2,200 Employees
Last Reported Date: 04/29/15
Founded in 1942

thule group ab/the (THULE) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: kr10.1M
Compensation as of Fiscal Year 2014.

thule group ab/the (THULE) Key Developments

Thule Group AB Declares Dividend for the Year 2014 Payable on 7 May 2015 and 14 October 2015

Thule Group AB announced that the Annual General Meeting resolved to declare a dividend of SEK 2.00 per share for 2014. Further, it was resolved that the dividend shall be paid in two partial payments for a more favorable adaptation to the group's cash flow profile. 4 May 2015 was resolved as record date for the first payment of SEK 1.00 and 9 October 2015 as record date for the second payment of SEK 1.00. The first payment by Euroclear is expected to start on 7 May 2015 and the second payment on 14 October 2015.

Thule Group AB Reports Group and Parent Earnings Results for the First Quarter Ended March 31, 2015

Thule Group AB reported group and parent earnings results for the first quarter ended March 31, 2015. For the period, the group reported net sales of SEK 1,366 million against SEK 1,075 million a year ago. Underlying EBIT was SEK 210 million against SEK 156 million a year ago. Operating income was SEK 206 million against SEK 152 million a year ago. Income before taxes was SEK 185 million against SEK 101 million a year ago. Net income was SEK 142 million or SEK 1.42 per share against SEK 77 million or SEK 0.92 per share a year ago. Cash flows used in operating activities was SEK 151 million against SEK 125 million a year ago. Operating income for the quarter was positively impacted, primarily by higher net sales. During the quarter, exchange rates had a particularly significant positive effect on sales growth, with considerable impact from the USD and EUR trends. Including currency effects, the company grew sales by 27.1% during the quarter, but even after currency adjustment, the company posted strong sales growth of 11.5%. The company continued to raise profitability in line with its plans and reached an underlying EBIT margin of 15.4% during the quarter compared to 14.5% a year ago. The reported underlying EBIT increased by 34.8% or 35.4% after currency adjustment. Net debt was SEK 2,722 million at March 31, 2015 compared to SEK 4,499 million a year ago period. Acquisition of tangible assets was SEK 20 million against SEK 35 million a year ago. For the period, the parent company reported operating loss of SEK 1 million.

Thule Group AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 2014

Thule Group AB reported earnings results for the fourth quarter and full year ended December 2014. Net sales for the quarter amounted to SEK 976 million compared to the SEK 924 million for the same quarter year ago, corresponding to an increase of 5.6%. Adjusted for exchange-rate fluctuations, sales declined 3.3%. Underlying EBIT amounted to SEK 37 million compared to the SEK 45 million for the same quarter year ago, corresponding to an operating margin of 3.8% compared to the 4.9% for the same quarter year ago. Operating loss was SEK 21 million compared to the operating income of SEK 30 million for the same quarter year ago. Net loss for the period was SEK 100 million compared to the SEK 52 million for the same quarter year ago. Net sales for the full year amounted to SEK 4,693 million compared to the SEK 4,331 million for the previous year, corresponding to an increase of 8.4%. Adjusted for exchange-rate fluctuations, sales rose 3.5%. Underlying EBIT amounted to SEK 686 million compared to the SEK 588 million for the previous year, corresponding to an operating margin of 14.6% compared to the 13.6% for the previous year. Operating income totaled SEK 599 million compared to the SEK 514 million for the previous year. Net income for the period was SEK 199 million compared to the SEK 299 million for the previous year. Cash flow from operating activities for total operations was SEK 355 million compared to the SEK 390 million for the previous year. Earnings per share before and after dilution amounted to SEK 2.32 compared to the SEK 3.54 for the previous year.

 

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Industry Analysis

THULE

Industry Average

Valuation THULE Industry Range
Price/Earnings 36.7x
Price/Sales 2.2x
Price/Book 3.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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