The earnings call highlighted a record-breaking sales quarter and strong performance from new product launches and Quad Lock. However, challenges remain in North America and specific product segments, impacting overall margins.

Company Guidance -

Q3 2025

During the Thule Group's Q2 interim report call, CEO Mattias Ankarberg shared that the company achieved SEK 3.4 billion in sales, a 16% increase from the previous year, excluding currency effects. Organic growth was modest at 1.5%, with Europe seeing a 4% rise while North America experienced a 3% decline. The company faced a significant negative currency impact of nearly 6%, resulting in a reported growth of 10% in Swedish kronor. The quarter marked a historical sales peak for Thule, surpassing the previous high during the pandemic by SEK 100 million. Despite a challenging market, particularly in North America, Thule's new products and categories, including Quad Lock, drove growth. The gross margin increased by close to 2 percentage points, while the adjusted EBIT margin decreased by 2 percentage points due to higher product development costs. Operating profit remained consistent with the previous year when excluding North American restructuring costs, and operating cash flow was robust at nearly SEK 800 million. Additionally, the company is on track to reduce inventory by SEK 200 million this year, following a SEK 1.2 billion reduction over the past two years.

Record-Breaking Sales Quarter

Q2 2025 was the biggest sales quarter in Thule history, with sales reaching SEK 3.4 billion, 16% more than the previous year, excluding currency effects.

Strong Product Launch Impact

New products and categories drove growth, particularly in North America, where new bike carriers were in high demand, improving sales trends.

Positive Cash Flow and Inventory Reduction

Cash flow from operations was strong at almost SEK 800 million, with a continued focus on reducing inventory, on track with a SEK 200 million reduction target for the year.

Design Awards and Recognition

Thule received 10 Red Dot awards for product design and won Europe's most important consumer test for car seats again.

Quad Lock Performance

Quad Lock business grew by more than 15% organically, contributing significantly to the overall growth.

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
Oct 22, 2025	2025 (Q3)	- / -	―	―	―	―
Jul 15, 2025	2025 (Q2)	- / 0.25	0.247	-0.40% (>-0.01)
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)

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
Jul 15, 2025	$14.12	$14.72	+4.25%
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%

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 Oct 22, 2025, Before Open (Confirmed).

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

Thule Group AB Unsponsored ADR (THUPY) earnings time is at Oct 22, 2025, Before Open (Confirmed).

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What is THUPY EPS forecast?

Currently, no data Available

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