Thule Group maintains Q2 gross margin on price hikes, efficiencies


Source: Thule Group

Thule Group was able to maintain its second-quarter gross margin rate at 42.2 percent year-on-year through price increases and efficiencies that helped offset negative margin impacts from higher raw material costs and freight prices coupled with unfavorable exchange rates. Net income fell by 7 percent to 626 million Swedish kronor ...

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