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Thule Group AB ( (SE:THULE) ) just unveiled an announcement.
Thule Group hosted a Capital Markets Day to outline its strategy for long-term value creation through organic growth and efficiency improvements. The company aims to increase its annual organic sales growth to at least 7%, achieve an EBIT margin of 20%, and maintain a dividend payout ratio of 75% or more. Thule plans to expand its ‘Champion’ product categories, which have historically driven 90% of its value creation, from six to ten by 2035. The focus on efficiency gains and scale effects is expected to enhance profitability, with cost actions already initiated to improve structural costs and supply chain efficiency.
The most recent analyst rating on (SE:THULE) stock is a Buy with a SEK290.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
More about Thule Group AB
Thule Group is a global sports and outdoor company that offers high-quality, sustainable products designed to facilitate an active lifestyle. The company’s product categories include Sport & Cargo, Active with Kids & Dogs, RV Products, and Bags & Mounts. With approximately 2,800 employees, Thule operates nine production facilities and 35 sales offices worldwide, selling products in 138 markets. In 2024, the company’s sales amounted to SEK 9.5 billion.
Average Trading Volume: 234,219
Technical Sentiment Signal: Sell
Current Market Cap: SEK25.73B
See more insights into THULE stock on TipRanks’ Stock Analysis page.