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Last kr98.00 SEK
Change Today -3.50 / -3.45%
Volume 49.2K
As of 11:30 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

thule group ab/the (THULE) Snapshot

Open
kr101.00
Previous Close
kr101.50
Day High
kr101.25
Day Low
kr94.50
52 Week High
07/21/15 - kr114.00
52 Week Low
11/25/14 - kr70.00
Market Cap
9.8B
Average Volume 10 Days
68.9K
EPS TTM
--
Shares Outstanding
100.0M
EX-Date
10/8/15
P/E TM
--
Dividend
kr2.00
Dividend Yield
1.02%
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: 07/22/15
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 Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Thule Group AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2015. For the quarter, on consolidated basis, the company reported net sales of SEK 1,700 million compared to SEK 1,416 million a year ago. Operating income was SEK 347 million compared to SEK 297 million a year ago. Income before taxes was SEK 332 million compared to SEK 210 million a year ago. Net income was SEK 254 million compared to SEK 142 million a year ago. Earnings per share continuing operations, after dilution was SEK 2.53 compared to SEK 1.68 a year ago. Earnings per share, after dilution was SEK 2.53 per share compared to loss of SEK 2.76 per share a year ago. Cash flow from operating activities was SEK 248 million compared to SEK 170 million a year ago. Acquisition of tangible assets was SEK 17 million compared to SEK 53 million a year ago. Underlying EBIT amounted to SEK 352 million compared to SEK 300 million a year ago. The cash flow is a result of improved operating income and a positive trend for working capital. For the six months, on consolidated basis, the company reported net sales of SEK 3,066 million compared to SEK 2,491 million a year ago, primarily attributable to new product launches and higher sales in the Outdoor&Bags segment. Operating income was SEK 552 million compared to SEK 449 million a year ago. Income before taxes was SEK 517 million compared to SEK 311 million a year ago. Net income was SEK 396 million compared to SEK 220 million a year ago. Earnings per share continuing operations, SEK after dilution was SEK 3.94 compared to SEK 2.60 a year ago. Earnings per share, after dilution was SEK 3.94 per share compared to loss of SEK 1.69 per share a year ago. Cash flow from operating activities was SEK 97 million compared to SEK 44 million a year ago. Acquisition of tangible assets was SEK 35 million compared to SEK 90 million a year ago. Underlying EBIT amounted to SEK 562 million. Operating income for the first six months was positively impacted, primarily by higher net sales. The cash flow is the result of increased operating income, partly impacted by a negative change in working capital, in particular accounts receivable, as a result of higher net sales and a larger inventory. Net debt as at June 30, 2015 was SEK 2,546 million compared to SEK 3,940 million as on June 30, 2014. For the quarter, on parent basis, the company reported operating revenue was SEK 6 million. Operating loss was SEK 2 million. Net loss was SEK 1 million. Loss after financial items was SEK 1 million. For the six months, on parent basis, the company reported operating revenue was SEK 12 million. Operating loss was SEK 3 million. Net loss was SEK 1 million. Loss after financial items was SEK 1 million.

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.

 

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Industry Analysis

THULE

Industry Average

Valuation THULE Industry Range
Price/Earnings 23.9x
Price/Sales 1.8x
Price/Book 2.9x
Price/Cash Flow 24.1x
TEV/Sales 1.3x
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