Thule Group reports Q2 revenue of SEK 3.42B and adjusted operating income of SEK 779M, with strong margin performance.
Thule Group posted Q2 GAAP earnings per share of SEK 4.98 on revenue of SEK 3.42 billion, up 0.6 percent year-over-year. The company’s gross margin reached 47.3 percent for the quarter, reflecting improved profitability.
Adjusted operating income totaled SEK 779 million, though the release did not provide year-ago comparisons or consensus estimates. The results follow a period of steady demand in outdoor and mobility markets.
No immediate market reaction was disclosed in the release.