Improved Profitability
The company reported a profitability improvement with an EBIT margin of 17.9% in Q3, higher than last year's and historical averages for the quarter.
Record Gross Margin
Gross margin increased to 47.5%, primarily driven by the acquisition of Quad Lock, price/mix improvements, and supply chain efficiencies.
Strong Cash Flow
Generated a cash flow from operations of SEK 668 million, allowing for a SEK 500 million reduction in net debt.
New Product Categories
Good development of new product categories, including dog products and child car seats, with notable launches such as Thule Cappy and Thule Palm.
Operational Efficiency
Efficiencies in manufacturing and SG&A through increased in-sourcing and consolidation of warehousing services.