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Thule Group AB ( (SE:THULE) ) has shared an announcement.
Thule Group has updated its long-term financial targets, aiming for an annual organic growth rate of 7 percent, surpassing its previous goal of SEK 20 billion in revenue by 2030. The company maintains its targets for an EBIT margin of 20 percent and a dividend payout ratio of at least 75 percent of net profit. This strategic shift reflects Thule’s focus on organic growth and its commitment to shareholder value, despite challenging market conditions, supported by new product categories and efficiency initiatives.
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 products designed for an active lifestyle. Their product categories include Sport & Cargo, Active with Kids & Dogs, RV Products, and Bags & Mounts. Thule focuses on consumer-driven innovation and long-term sustainability, with products sold in 138 markets worldwide.
Average Trading Volume: 233,185
Technical Sentiment Signal: Sell
Current Market Cap: SEK26.01B
See more insights into THULE stock on TipRanks’ Stock Analysis page.