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Thule Group AB Unsponsored ADR (THUPY)
OTHER OTC:THUPY
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.12Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong strategic progress: record reported sales, record gross margin, accretive Quad Lock acquisition, expanding D2C footprint, sustainability gains and clear medium-term targets and cost programs. However, growth quality is mixed — organic sales were negative for the year, North America and legacy Bags & Mounts underperformed, and FX/tariff headwinds and temporary working-capital effects weighed on margins and cash flow. Management presented concrete product, efficiency and portfolio actions to drive future organic growth toward the 7% target and margin improvement toward 20%, supporting an overall constructive outlook despite near-term market caution.Company Guidance
Record Full-Year Sales
Reported full-year sales reached ~SEK 10.4–10.5 billion (all-time high) with reported growth of 9% year-on-year and acquisition impact contributing materially to reported top-line expansion.
Record Gross Margin
Full-year gross margin reached a record 46.0% (versus 42.7% prior year), driven by acquisition mix (Quad Lock), price/mix effects and supply-chain efficiencies.
Profitability and EBIT
Adjusted full-year EBIT was SEK 1,671 million with an EBIT margin of 16.0%; Q4 adjusted EBIT rose to SEK 83 million (vs SEK 65 million prior year) and Q4 adjusted EBIT margin improved to ~4.5%.
Quad Lock Acquisition Accretive
Quad Lock contributed ~+15% acquisition impact to full-year sales, recorded organic growth ~15% (Q4 and full year), helped raise overall gross margin and was slightly accretive to Thule's EBIT margin.
New and Growing Product Categories
Fast growth in newer categories: dog transportation, child car seats and phone mounts; Active with Kids & Dogs grew organically +6% in Q4 (dog and car-seat momentum notable) and these categories are positioned as future Champions.
D2C and Digital Expansion
Expanded thule.com to 20 D2C markets, making digital channels a meaningful launch and growth channel for new products and categories.
Cash Generation & Capital Returns
Operating cash flow ~SEK 1.1 billion; Board proposes unchanged ordinary dividend SEK 8.3 per share (in line with payout target ≥75% of net income).
Sustainability and Product Recognition
CO2 emissions down ~30% vs 2019 (absolute), eco-design examples (Xscape bed rack 60% lower footprint), and strong product recognition (ADAC, 17 Red Dot/iF awards).
Strategic Targets & Efficiency Roadmap
Updated targets: 7% annual organic growth, 20% EBIT margin and ≥75% dividend payout. Cost actions expected to lift EBIT margin ~2.5 percentage points by 2028 and DC automation in Poland targeted to yield ~SEK 100 million savings at full effect (2028).
THUPY Earnings History
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 |
|---|---|---|---|
Feb 10, 2026 | $12.18 | $13.94 | +14.53% |
Oct 22, 2025 | $12.47 | $13.26 | +6.38% |
Jul 15, 2025 | $13.99 | $14.59 | +4.29% |
Apr 29, 2025 | $13.24 | $11.36 | -14.22% |
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 Apr 29, 2026, Before Open (Confirmed).
What is Thule Group AB Unsponsored ADR (THUPY) earnings time?
Thule Group AB Unsponsored ADR (THUPY) earnings time is at Apr 29, 2026, 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