New products drive Thule’s results
Excluding the snow chain business divested in 2015, the Thule Group's net income from continuing operations increased by 21.5 percent to 169 million Swedish kronor (€18.2m-$20.7m) on 5.5 percent higher revenues of SEK 1,380 million (€148.8m-$169.4m) in the first quarter. The underlying operating profit margin (Ebit) improved to 17.0 percent ...
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