
Thule Group AB (publ) (THUPY) Q4 2025 Earnings Call Transcript
Thule Group AB (publ) (THUPY) Q4 2025 Earnings Call Transcript

Thule Group AB (publ) (THUPY) Q4 2025 Earnings Call Transcript

Thule Group AB (publ) (THUPY) Discusses Pre-Quarter Update: Market Conditions, Regional Performance and Financial Highlights Transcript

Thule Group AB (publ) (OTCPK:THUPY) Thule Group AB (publ) - Analyst/Investor Day November 20, 2025 7:00 AM EST Company Participants Catharina Paulcén - Senior Vice President Corporate Communications & Investor Relations Mattias Ankarberg - CEO & President Toby Lawton - Chief Financial Officer Aden Johnson Conference Call Participants Agnieszka Vilela - Nordea Markets, Research Division Carl Deijenberg - DNB Carnegie, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Johan Eliason - Sparebank 1 Markets AS, Research Division Adela Dashian - Jefferies LLC, Research Division Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Presentation Catharina Paulcén Senior Vice President Corporate Communications & Investor Relations So welcome to Thule's Capital Markets Day 2025. My name is Catharina Paulcen, and I'll be your moderator for today.

Thule Group AB (publ) (OTCPK:THUPY) Q3 2025 Earnings Call October 22, 2025 4:00 AM EDT Company Participants Mattias Ankarberg - CEO & President Toby Lawton - Chief Financial Officer Conference Call Participants Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Gustav Sandström - SEB, Research Division Agnieszka Vilela - Nordea Markets, Research Division Mats Liss - Kepler Cheuvreux, Research Division Presentation Operator Good morning. Thank you for attending today's Thule Quarter 3 Interim Report.

Thule Group AB (publ) - Special Call Company Participants Mattias Ankarberg - CEO & President Catharina Paulcén - Senior Vice President Corporate Communications & Investor Relations Toby Lawton - Chief Financial Officer Conference Call Participants Carl Deijenberg - DNB Carnegie, Research Division Agnieszka Vilela - Nordea Markets, Research Division Adela Dashian - Jefferies LLC, Research Division Mats Liss - Kepler Cheuvreux, Research Division Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Presentation Operator Hello, everyone, and thank you for joining the Thule Group Investor Meeting. My name is Gaby, and I will be coordinating your call today.

Thule Group AB (publ) (OTCPK:THLPF) Q2 2025 Earnings Conference Call July 15, 2025 3:30 AM ET Company Participants Mattias Ankarberg - CEO & President Toby James Lawton - Chief Financial Officer Conference Call Participants Adela Abdenian Dashian - Jefferies LLC, Research Division Agnieszka Vilela - Nordea Markets, Research Division Carl Deijenberg - Carnegie Investment Bank AB, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Gustav Hagéus - SEB, Research Division Mats Liss - Kepler Cheuvreux, Research Division Operator Good morning, all, and thank you for joining us at the Thule Group Interim Report Q2. My name is Karl and I'll be the coordinator for today's call.

Thule Group AB (publ) (OTCPK:THLPF) Q1 2025 Earnings Conference Call April 29, 2025 3:30 AM ET Company Participants Mattias Ankarberg - President and Chief Executive Officer Toby Lawton - Chief Financial Officer Conference Call Participants Gustav Hagéus - SEB Group Fredrik Ivarsson - ABG Sundal Collier Agnieszka Vilela - Nordea Bank Daniel Schmidt - Danske Bank Adela Dashian - Jefferies Group LLC Carl Deijenberg - Carnegie Investment Bank AB Alexander Siljeström - Pareto Securities AS Mats Liss - Kepler Cheuvreux Operator Good morning. Thank you for attending today's Thule Interim Report First Quarter.

Thule Group's valuation has become reasonable, with a P/E multiple of ~23x based on FY2024 EPS, aided by strong results and a share price decline. The company is back to positive revenue and earnings growth, driven by new product launches, redesigns, and geographic expansion, despite headwinds in the RV market and North America. Thule's increased R&D spending and direct-to-consumer expansion are promising, but tariffs and consumer sentiment remain concerns; the dividend yield is ~3.3%.

Thule Group AB is a high-quality Swedish company, known for premium outdoor products, currently slightly overvalued but worth keeping on the watchlist. Despite a challenging market, Thule delivered 4% organic revenue growth in Q3, with strong margins and a solid balance sheet. The company is focusing on new product launches and redesigns, including dog transportation and car seats, to drive future growth.

Thule Group AB (publ) (OTCPK:THLPF) Q3 2024 Earnings Conference Call October 23, 2024 4:00 AM ET Company Participants Mattias Ankarberg - CEO and President Toby Lawton - CFO Conference Call Participants Daniel Schmidt - Danske Bank Gustav Hageus - SEB Adela Dashian - Jefferies Mats Liss - Kepler Cheuvreux Benjamin Wahlstedt - ABG Carl Deijenberg - Carnegie Operator Good morning everyone, and welcome to today's Thule Group Interim Report Q3 July to September 2024. My name is Drew, and I'll be your operator today.

Thule Group AB (publ) (OTCPK:THLPF) Q2 2024 Earnings Conference Call July 17, 2024 4:00 AM ET Company Participants Mattias Ankarberg - CEO and President Toby Lawton - CFO Conference Call Participants Fredrik Ivarsson - ABG Daniel Schmidt - Danske Bank Gustav Hageus - SEB Mats Liss - Kepler Cheuvreux Adela Dashian - Jefferies Operator Good morning, everyone, and welcome to the Thule Group Interim Report Q2. [Operator Instructions] I am now going to hand over to your host, Mattias Ankarberg, CEO to begin.

Thule Group AB (publ) (OTCPK:THLPF) Q1 2024 Earnings Conference Call April 26, 2024 3:30 AM ET Company Participants Mattias Ankarberg - CEO and President Toby Lawton - CFO Conference Call Participants Fredrik Ivarsson - ABG Daniel Schmidt - Danske Bank Adela Dashian - Jefferies Mats Liss - Kepler Cheuvreux Gustav Hageus - SEB Operator Good morning everyone and welcome to the Thule Group Interim Report Q1 2024 Conference Call. My name is [Indiscernible] and I'll be coordinating your call today.