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Thule Group AB
(THULE)
Thule Group AB (THULE) vs. iShares MSCI Sweden ETF (EWD)
Thule Group AB Business Overview & Revenue Model
Thule Group AB Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.43B | 9.54B | 9.13B | 10.14B | 10.39B |
| Gross Profit | 4.79B | 4.07B | 3.74B | 3.86B | 4.16B |
| EBITDA | 1.64B | 1.89B | 1.84B | 1.93B | 2.50B |
| Net Income | 1.11B | 1.12B | 1.10B | 1.27B | 1.79B |
Balance Sheet | |||||
| Total Assets | 13.74B | 14.96B | 10.97B | 11.68B | 10.19B |
| Cash, Cash Equivalents and Short-Term Investments | 218.00M | 405.00M | 94.00M | 176.00M | 149.00M |
| Total Debt | 4.27B | 4.37B | 2.17B | 3.06B | 1.62B |
| Total Liabilities | 6.51B | 6.86B | 4.12B | 5.13B | 4.38B |
| Stockholders Equity | 7.23B | 8.10B | 6.85B | 6.55B | 5.82B |
Cash Flow | |||||
| Free Cash Flow | 784.00M | 2.05B | 1.60B | 172.00M | 621.00M |
| Operating Cash Flow | 1.13B | 2.31B | 1.85B | 616.00M | 1.13B |
| Investing Cash Flow | -335.00M | -3.10B | -251.00M | -464.00M | -503.00M |
| Financing Cash Flow | -965.00M | 1.10B | -1.68B | -136.00M | -1.19B |
Thule Group AB Technical Analysis
Thule Group AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr23.49B | 9.43 | 42.23% | 1.88% | 9.30% | 38.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | kr21.18B | 23.21 | 14.62% | 3.54% | 8.93% | -12.56% | |
59 Neutral | kr5.67B | 78.02 | 23.68% | 1.85% | 23.02% | 32.69% | |
56 Neutral | kr7.77B | 34.98 | ― | 2.85% | -13.49% | 60.49% | |
54 Neutral | kr20.11B | 15.04 | 5.76% | 2.20% | -1.74% | -0.59% | |
48 Neutral | kr69.58M | 57.97 | -17.87% | ― | 24.34% | 39.30% |
Thule Group AB Corporate Events
Thule Group, a global sports and outdoor equipment maker known for products ranging from roof racks and roof boxes to child transport solutions, RV accessories, and luggage, operates nine production facilities and 35 sales offices worldwide. The company serves 138 markets and reported sales of SEK 10.4 billion in 2025, reflecting its broad international footprint and focus on consumer-driven innovation and sustainable design.
Thule has invited investors to a pre‑Q1 conference call and web presentation on March 30, 2026, at 16:00 CEST, where CEO Mattias Ankarberg and CFO Toby Lawton will provide a brief business update before the closed period. The session, held in English and including a Q&A, aims to enhance transparency ahead of Q1 results due April 29, with presentation materials and a recording to be published on the company’s website the same day, offering stakeholders early insight into current performance trends.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK243.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
Thule Group AB has established a SEK 5 billion medium-term note program, allowing the company to issue unsecured bonds with maturities of at least one year and minimum denominations of EUR 100,000 or the equivalent in SEK. The base prospectus for the program has been approved by the Swedish Financial Supervisory Authority, with Danske Bank acting as arranger and several Nordic banks serving as dealers.
Management describes the MTN program as a natural step in Thule’s financing strategy, aimed at increasing flexibility and diversifying its funding sources. This expanded access to the capital markets is intended to support sustainable long-term value creation, underpinning the company’s growth ambitions and strengthening its financial position in the competitive global sports and outdoor segment.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK243.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
Thule Group’s nomination committee has proposed a refreshed seven-member board ahead of the upcoming annual general meeting, responding to the decision by current directors Sarah McPhee and Anders Jensen not to stand for re-election. The committee recommends reappointing chair Hans Eckerström and four other incumbents, while adding seasoned executives Per-Arne Blomquist as vice chair and former Peak Performance CEO Sara Molnar to bolster financial, telecoms and consumer-brand expertise.
In line with the audit committee’s advice, the committee also proposes re-electing PricewaterhouseCoopers AB as the company’s auditor through 2027, with authorized public accountant Erik Bergh set to take over as auditor in charge. The moves signal Thule’s intent to strengthen governance and strategic capabilities as it pursues growth across its global markets and navigates evolving demands in the sports and outdoor equipment sector.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK270.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
Thule Group reported a 9.4% rise in fourth-quarter net sales to SEK 1,835m, driven entirely by acquisitions amid flat organic growth and negative currency effects, while its gross margin strengthened to 44.9%. Operating income swung back to profit, net income turned positive, and the board proposed maintaining the dividend at SEK 8.30 per share, signaling confidence despite weaker operating cash flow.
For the full year 2025, net sales grew 9.3% to SEK 10,429m, largely supported by acquisitions, as organic sales slipped 1.3% and currency headwinds weighed on results. Profitability stayed solid with a 16.0% adjusted operating margin and only a slight dip in earnings per share, though cash flow from operations halved, highlighting the financial impact of expansion and restructuring in North America.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK232.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
Thule Group will publish its fourth-quarter and full-year 2025 results on 10 February 2026 at 07:45 CET and will host a conference call and webcast at 10:00 CET the same day, where CEO and President Mattias Ankarberg and CFO Toby Lawton will present and comment on the figures in English, followed by a Q&A for participants on the call. The results presentation, along with a live webcast, subsequent recording and transcript, will be made available on the company’s website, underscoring Thule’s efforts to maintain transparency and active dialogue with investors and other stakeholders around its financial performance and strategic development in the global sports and outdoor market.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK239.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.
Thule Group, a global sports and outdoor equipment manufacturer known for its Sport & Cargo, Active with Kids & Dogs, RV Products and Bags & Mounts ranges, operates in 138 markets with around 2,800 employees and generated SEK 9.5 billion in sales in 2024. The company has invited investors to a pre–Q4 update conference call and web presentation on January 9, 2026, where CEO Mattias Ankarberg and CFO Toby Lawton will provide a brief business update and take questions ahead of the firm’s closed period, with materials and a recording to be made available on Thule’s website the same day, setting expectations in the run-up to the publication of its fourth-quarter and full-year results on February 10.
The most recent analyst rating on (SE:THULE) stock is a Hold with a SEK260.00 price target. To see the full list of analyst forecasts on Thule Group AB stock, see the SE:THULE Stock Forecast page.