All Thule Group articles
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ArticleThule Group’s new products fuel Q1 sales growth
The Swedish outdoor and mobility gear specialist focuses on niche growth and product innovation after reporting mixed Q1 results across key markets.
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News briefsThule to lay off 22 employees at its Colorado plant
The Swedish company is reportedly closing its Longmont facility and laying off over half its staff, just ahead of its upcoming earnings report.
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ArticleThule to ratchet up product development, supply chain efficiency
The Sweden-based manufacturer of transportation, outdoor and camping gear boosts revenues and expands product lines, navigating market hurdles with strategic priorities for fiscal year 2025.
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News briefsThule Group named among Top 50 global sustainable companies
The Swedish outdoor gear company secures first place in the Consumer Durables category with a “Negligible Risk” ESG rating.
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Article2024 Bicycle Industry Stock Chart: Mobility industry sees little of stock market boom
Find out why only a third of the publicly listed companies in our bicycle industry chart benefited from last year’s boom – and why almost two-thirds were left untouched by it.
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News briefsThule Group expands shares following acquisition of Quad Lock
The Swedish outdoor lifestyle brand updates its share count and capital structure following its latest strategic acquisition, enhancing its market position.
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ArticleThule Group acquires Quad Lock
The Swedish group expands its portfolio with the strategic acquisition of the Australian phone mount specialist.
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ArticleThule Q3 operating income rises 15 percent
The group sees solid Q3 growth with rising sales, profitability and new launches, despite challenges in the Americas market.
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ArticleThule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...
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News briefsThule Group with new SVP Corporate Comms and IR
Catharina Paulcén has been appointed Senior Vice President Corporate Communications and Investor Relations at the Swedish Thule Group AB. She will be part of the group management and based at the group’s headquarters in Malmö, Sweden. Her predecessor, Fredrik Erlandsson, announced in January that he was leaving to join a ...
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ArticleThule’s Q1 results benefit from bicycle market recovery
In its Q4 report for 2023, transport system provider Thule Group AB stated that it was already experiencing “the first signs of an improvement in the tense market situation.” The first quarterly report of the current 2024 financial year proves that the Swedes were not mistaken: They have made a ...
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ArticleThule’s sustainability targets confirmed
The Science Based Targets initiative (SBTi) promotes ambitious climate protection measures in the private sector by allowing companies to set science-based targets for reducing greenhouse gas emissions. Thule Group’s targets for Net-zero have now been approved by the organization. This is an important endorsement of the company’s sustainability ambitions. In ...
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ArticleThule Group coped not too badly with challenging FY
Swedish Thule Group AB ended the challenging financial year with a year-on-year decline in sales of 9.9 percent to total sales of 9.13 billion Swedish kronor (€804.71 million), an operating result of SEK 1.51 billion (€133.08m, -11.8 percent) and a net profit decline of 13.8 percent to SEK 1.10 billion ...
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News briefsThule’s SVP Corporate Communications is leaving the company
Fredrik Erlandsson has informed the Swedish Thule Group that he will be leaving his position as Senior Vice President Corporate Communications and Investor Relations to take over responsibility for corporate communications and investor relations at the Swedish energy technology company NIBE Industrier and become part of the Group’s Executive Board. ...
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News briefsLawton takes over as CFO of Thule Group
Source: Thule Toby Lawton As already announced in July 2023, Toby Lawton took over the role of CFO of the Swedish Thule Group with the start of 2024. He succeeds Jonas Lindqvist. Lawton was most recently CFO at the Swedish textile recycling company Renewcell. At Renewcell, former ...
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ArticleQ3 Bicycle Industry Stock Chart: Bike manufacturers had to cut back
Even though the long-term prospects of the bicycle sector are looking promising, it is currently operating in difficult terrain. This is also reflected by The Outdoor Industry Compass’ Q3 analysis of the bicycle industry stock market.
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ArticleFormer Thule CEO appointed to Hestra’s board
Source: Hestra Magnus Welander Magnus Welander has been appointed to the board of the Swedish company Hestra Gloves. Welander joins Hestra after 14 years as CEO of Thule Group. Under his leadership, the outdoor company has achieved impressive growth, with an increased brand presence and several new ...
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News briefsThule Group helps clean up nature in southern Sweden
For the third year in a row, Thule Group has collaborated with the Swedish organization Städa Sverige (”Clean Sweden”) and young athletes to clear litter from nature sites. On the weekend of Sept. 23–24, teams came from two regions in south Sweden, both associated with Thule; from Skåne, where the ...
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ArticleThule’s gross margin climbs despite sales and profit decline
Despite experiencing lower profitability and sales in Q2, Thule Group generated a record quarterly gross margin and a 47 percent increase in cash flow from operations as the Swedish company continued to prepare for new product introductions over the next 18 months.
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News briefsThule Group brings in new CFO from Renewcell
Source: Thule Group Toby Lawton Toby Lawton has been appointed chief financial officer and member of the Group Management of Thule Group, based at the group’s headquarters in Malmö, Sweden. He succeeds Jonas Lindqvist, who announced his departure in May. Lindqvist had been the CFO of the ...
