Business description: Thule Group AB

Thule Group AB is a Sweden-based company engaged in the development and manufacture of sport, outdoor and cargo products. Its offering is divided in two business segments: Outdoor&Bags and Specialty. The Outdoor&Bags segment comprises three product categories: sport and cargo carriers, bags for electronic devices, and other outdoor and bags; as well as several product groups, namely bike and car carriers, water and winter carriers, camera bags, laptop cases, recreational vehicle products, roof racks, and sports and travel bags, among others. The Specialty segment comprises two product categories: work gear and snow chains; and such product groups as pick-up truck tool boxes, and professional and consumer snow chains. The Company’s brands are Thule, Case Logic, Konig, UWS, TracRac and SportRac. Its products are sold to retailers, distributors and wholesalers and available in more than 130 countries. The Company is a subsidiary of Thule Group.

Number of employees: 3,000

Sales by Activity: Thule Group AB

Fiscal Period: December 2021 (SEK) 2022 (SEK) 2023 (SEK) 2024 (SEK) 2025 (SEK)

Outdoor & Bags

1.04TCr 1.01TCr 913.2Cr 954.1Cr 1.04TCr

Geographical breakdown of sales: Thule Group AB

Fiscal Period: December 2021 (SEK) 2022 (SEK) 2023 (SEK) 2024 (SEK) 2025 (SEK)

Other Europe

377.7Cr 358.5Cr 323.7Cr 353.4Cr 408.3Cr

Germany

233.8Cr 243.1Cr 247Cr 246.8Cr 224.8Cr

USA

222.1Cr 224.7Cr 184.7Cr 184.9Cr 196.1Cr

Asia/Pacific Rim

36Cr 37Cr 33Cr 36Cr 69Cr

Other North America

57Cr 61Cr 42Cr 44Cr 51Cr

Other Nordic Countries

46Cr 35Cr 28Cr 33Cr 38Cr

Sweden

46Cr 33Cr 33Cr 34Cr 33Cr

Central/South America

15Cr 17Cr 18Cr 18Cr 16Cr

Rest of World

4.5Cr 4.5Cr 4.6Cr 5Cr 6Cr

Executive Committee: Thule Group AB

Manager TitleAgeSince
Chief Executive Officer 50 09/08/2023
Director of Finance/CFO 52 01/01/2024
Investor Relations Contact 53 01/11/2024
Corporate Officer/Principal 59 01/01/2021
Human Resources Officer 59 01/01/2024

Composition of the Board of Directors: Thule Group AB

Director TitleAgeSince
Chairman 54 -
Director/Board Member 59 01/01/2019
Director/Board Member 53 01/01/2022
Director/Board Member 60 01/01/2024
Director/Board Member 47 01/01/2024
Director/Board Member 64 11/05/2026
Director/Board Member 49 11/05/2026

Shareholders: Thule Group AB

NameEquities%Valuation
AMF Fonder AB
11.53 %
1,24,32,131 11.53 % 307 M kr
Alecta Tjanstepension Omsesidigt
5.008 %
54,00,000 5.008 % 134 M kr
Nordea Investment Management AB
3.577 %
38,56,895 3.577 % 95 M kr
Carnegie Fonder AB
3.233 %
34,86,859 3.233 % 86 M kr
Gané AG
1.665 %
17,95,926 1.665 % 44 M kr

Company details: Thule Group AB

Thule Group AB

Dockgatan 1

211 12, Malmö

+46 4 06 35 90 00

http://www.thulegroup.com
address Thule Group AB(THULE)

Group companies: Thule Group AB

NameCategory and Sector
Auto Parts: OEM
Wholesale Distributors
Auto Parts: OEM
Auto Parts: OEM
Miscellaneous Commercial Services

Automotive Accessories

Change 5d. change 1-year change 3-years change Capi.($)
-0.75%-3.21%-20.24%-25.05% 241.14Cr
-1.76%-1.02%-10.22%+14.25% 524.59Cr
-1.68%+1.95%+15.04%-11.21% 524.5Cr
-4.52%-9.62%+139.41%+234.74% 449.85Cr
+0.40%-3.11%+118.56%+60.39% 395.84Cr
+2.17%-0.84%+66.45%+101.32% 310.01Cr
-3.37%+2.87%+86.01% - 294.24Cr
-3.10%+5.54%+7.39%+1.24% 274.89Cr
+3.61%+4.46%-26.87%+494.91% 269.1Cr
-2.87%+21.93%+140.14%+252.86% 234.31Cr
Average -1.19%+3.60%+51.57%+124.83% 351.85Cr
Weighted average by Cap. -1.34%+2.43%+51.40%+108.32%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
211.20SEK
Average target price
277.50SEK
Spread / Average Target
+31.39%

Quarterly revenue - Rate of surprise

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