The earnings call reflects a mixed sentiment. While Thule reported significant achievements such as overall revenue growth, a record gross margin, and success with the Quad Lock acquisition, these are counterbalanced by challenges in the North American market, negative cash flow, and a reduced EBIT margin. The company has taken steps to address these challenges, but the balance of highlights and lowlights suggests a cautious outlook.

Company Guidance -

Q1 2025

During the Thule Q1 2025 call, several key metrics were shared indicating the company's performance and strategic direction. Sales increased by 10% despite a weak North American market, with organic growth showing a decline of 3%. North America saw a 13% drop, while Europe remained flat, largely influenced by cautious consumer and retailer behavior after U.S. tariffs were announced. Gross margin reached a record high of 44.8%, although EBIT margin fell to 15.1%, nearly two percentage points lower than the previous year. The EBIT for the quarter was SEK 401 million, slightly down from SEK 412 million last year. Cash flow from operations was negative SEK 334 million, attributed to seasonal working capital patterns. Thule aims to reduce inventory by SEK 200 million in 2025. The acquired Quad Lock business contributed significantly to the gross margin increase, with its sales momentum continuing strongly. Changes in North America, including a new sales organization and product focus, are underway to improve competitiveness. Thule announced a 10% price increase in North America effective June 1, aiming to offset tariff impacts. The company remains committed to its long-term growth strategy, targeting SEK 20 billion in sales and a 20% EBIT margin by 2030.

Overall Revenue Growth

Sales increased by 10% compared to last year despite weak North American market performance.

Record Gross Margin

Gross margin reached an all-time high of 44.8%, primarily driven by the acquisition of Quad Lock.

Recognition for Product Design

Thule received seven new iF Design awards in 2025, highlighting its strong product design capabilities.

Quad Lock Acquisition Success

Quad Lock showed over 20% sales growth while maintaining high margins, contributing significantly to revenue and gross margin.

New Product Launches

Successful launches of new products, including bike carriers and rooftop boxes, which have been well received in the market.

Thule Group AB Unsponsored ADR (THUPY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

THUPY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 15, 2025	2025 (Q2)	- / -	0.247	―	―	―
Apr 29, 2025	2025 (Q1)	- / 0.12	0.136	-14.71% (-0.02)
Feb 07, 2025	2024 (Q4)	- / -0.02	0.011	-245.45% (-0.03)
Oct 23, 2024	2024 (Q3)	- / 0.14	0.115	18.26% (+0.02)
Jul 17, 2024	2024 (Q2)	- / 0.25	0.244	1.23% (<+0.01)
Apr 26, 2024	2024 (Q1)	- / 0.14	0.126	7.94% (+0.01)
Feb 09, 2024	2023 (Q4)	- / 0.01	-0.007	257.14% (+0.02)
Oct 27, 2023	2023 (Q3)	- / 0.12	0.062	85.48% (+0.05)
Jul 19, 2023	2023 (Q2)	- / 0.24	0.304	-19.74% (-0.06)
Apr 27, 2023	2023 (Q1)	- / 0.13	0.27	-53.33% (-0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

THUPY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2025	$13.55	$11.62	-14.24%
Feb 07, 2025	$16.34	$16.50	+0.98%
Oct 23, 2024	$14.29	$16.36	+14.49%
Jul 17, 2024	$13.85	$14.48	+4.55%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Thule Group AB Unsponsored ADR (THUPY) report earnings?

Thule Group AB Unsponsored ADR (THUPY) is schdueled to report earning on Jul 15, 2025, Before Open (Confirmed).

What is Thule Group AB Unsponsored ADR (THUPY) earnings time?

Thule Group AB Unsponsored ADR (THUPY) earnings time is at Jul 15, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is THUPY EPS forecast?

Currently, no data Available

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