Declared Dividend • May 21
Dividend of kr4.15 announced Shareholders will receive a dividend of kr4.15. Ex-date: 2nd October 2026 Payment date: 8th October 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Feb 10
Thule Group AB (publ) to Report Fiscal Year 2026 Results on Feb 10, 2027 Thule Group AB (publ) announced that they will report fiscal year 2026 results on Feb 10, 2027 Ankündigung • Oct 03
Thule Group AB (publ), Annual General Meeting, May 11, 2026 Thule Group AB (publ), Annual General Meeting, May 11, 2026. Location: malmo Sweden Ankündigung • Apr 30
Thule Board Member acquired an unknown minority stake in Thule Group AB (publ) (OM:THULE) for SEK 1.04 million in a management participated transaction. Thule Board Member acquired an unknown minority stake in Thule Group AB (publ) (OM:THULE) for SEK 1.04 million in a management participated transaction on April 29, 2025. A cash consideration will be paid by the buyer. As part of consideration, an undisclosed value is paid towards common equity of Thule Group AB (publ). Post completion of the acquisition, Thule Board member now holds 7,832 Thule shares.
Thule Board Member completed the acquisition of an unknown minority stake in Thule Group AB (publ) (OM:THULE) in a management participated transaction on April 29, 2025 Ankündigung • Feb 08
Thule Group AB (Publ) Proposes Dividend The Board of Thule Group AB (publ) proposed a dividend of SEK 8.30 per share. Ankündigung • Feb 07
Thule Group AB (publ) to Report Fiscal Year 2025 Results on Feb 10, 2026 Thule Group AB (publ) announced that they will report fiscal year 2025 results on Feb 10, 2026 Ankündigung • Jan 30
Thule Group AB (publ) to Report Q4, 2024 Results on Feb 07, 2025 Thule Group AB (publ) announced that they will report Q4, 2024 results at 7:45 AM, Central European Standard Time on Feb 07, 2025 Ankündigung • Dec 06
Thule Group AB (publ) (OM:THULE) completed the acquisition of Quad Lock Pty Ltd from Quadrant Private Equity Pty Limited, founders and other minority shareholders of Quad Lock Pty Ltd Thule Group AB (publ) (OM:THULE) agreed to acquire Quad Lock Pty Ltd from Quadrant Private Equity Pty Limited, founders and other minority shareholders of Quad Lock Pty Ltd for AUD 500 million on November 11, 2024. The consideration consists of 2.11 million common equity of Thule Group AB (publ) to be issued for common equity of Quad Lock Pty Ltd. A cash consideration will be paid by Thule Group AB (publ). The consideration is subject to possible price adjustments. For the period ending October 31, 2024, Quad Lock Pty Ltd reported total revenue of AUD 1.4 billion. The transaction will be financed through a combination of existing cash and credit facilities. The acquisition is conditional upon regulatory approval from the Australian Foreign Investment Review Board and customary closing conditions and is expected to close in the fourth quarter 2024. The acquisition is expected to be accretive. Jefferies Pty Ltd acted as financial advisor for Quadrant Private Equity Pty Limited. Goldman Sachs Bank Europe SE, Sweden Bankfilial acted as financial advisor for Thule Group AB. MinterEllison acted as legal advisor for Thule Group AB. Baker & Mckenzie acted as legal advisor for Thule Group AB. Gilbert and Tobin acted as legal advisor for Quadrant Private Equity Pty Limited. Roschier, Attorneys Ltd. acted as legal advisor for Quadrant Private Equity Pty Limited.
Thule Group AB (publ) (OM:THULE) completed the acquisition of Quad Lock Pty Ltd from Quadrant Private Equity Pty Limited, founders and other minority shareholders of Quad Lock Pty Ltd on December 4, 2024. Ankündigung • Oct 23
Thule Group AB (publ) to Report Q3, 2025 Results on Oct 22, 2025 Thule Group AB (publ) announced that they will report Q3, 2025 results on Oct 22, 2025 Ankündigung • May 25
Thule Group (Publ) Appoints Catharina Paulcén as Senior Vice President Corporate Communications and Investor Relations Thule Group (publ) appointed Catharina Paulcén as Senior Vice President Corporate Communications and Investor Relations. She will be part of Group Management, based at the Group's head office in Malmö, Sweden. Catharina has over twenty years' experience of communication and investor relations in international environments. Following graduation from Lund University in Sweden, Catharina spent over fifteen years in the software industry, and has since been responsible for communication at the publicly listed company Haldex AB, a manufacturer of automotive components, and most recently the ventilation company publicly listed ventilation company Lindab AB. Catharina also has a strong outdoor interest and is an active leader the Swedish scout organization at the local and national level. Catharina will assume her position latest November 2024. Recent Insider Transactions • Mar 22
Insider recently sold kr2.4m worth of stock On the 18th of March, Fredrik Erlandsson sold around 8k shares on-market at roughly kr300 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr3.1m more than they bought in the last 12 months. Declared Dividend • Mar 21
Final dividend of kr4.75 announced Shareholders will receive a dividend of kr4.75. Ex-date: 29th April 2024 Payment date: 6th May 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (63% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.0% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Ankündigung • Feb 28
Thule Group AB (publ) to Report Fiscal Year 2023 Final Results on Apr 05, 2024 Thule Group AB (publ) announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Apr 05, 2024 Ankündigung • Feb 09
Thule Group AB (publ) Proposes Dividend The Board of Directors of Thule Group AB (publ) proposed a dividend of SEK 9.50 per share which, based on the number of shares outstanding on February 9, 2024, corresponds to a dividend of SEK 1,004 million. The proposed dividend comprises 91% of the earnings per share for 2023. It is also proposed that dividends be paid in two installments for a better adaptation to the Group's cash flow profile. The proposed record date for the first dividend payment of SEK 4.75 per share is April 30, 2024 and the proposed record date for the second payment of SEK 4.75 per share is October 7, 2024. Ankündigung • Oct 27
Thule Group AB (publ) to Report Q1, 2024 Results on Apr 26, 2024 Thule Group AB (publ) announced that they will report Q1, 2024 results on Apr 26, 2024 Ankündigung • Jul 17
Thule Group AB (Publ) Appoints Toby Lawton as Chief Financial Officer, Effective January 2024 Toby Lawton has been appointed Chief Financial Officer, CFO, and member of Group Management in Thule Group, based out of the Group Headquarters in Malmö, Sweden. Toby Lawton brings almost three decades of relevant international finance experience, including as CFO of three publicly listed international companies in Sweden and Hong Kong. Following graduation from Oxford University, Toby spent over 25 years with SCA (including now separately listed Essity) in several roles including CFO of Asia Pacific, Vice President of M&A, and CFO of SCA. He has also been CFO of Vinda International, based in Hong Kong, and is currently CFO of Swedish company Renewcell. Toby Lawton will assume his position latest in January 2024. Ankündigung • May 13
Jonas Lindqvist to Leave as Chief Financial Officer of Thule Group AB (publ) Thule Group AB (publ) announced that Jonas Lindqvist, in agreement with the company, will leave his position as Chief Financial Officer (CFO) at the company. Jonas has been the CFO of the Thule Group since 2020 and will remain in his role until his successor is in place. The recruitment process for a new CFO will begin immediately. Ankündigung • Feb 11
Thule Group AB (publ) Proposes Dividend The Board of Directors of Thule Group AB (publ) proposed a dividend of SEK 9.20 per share which, based on the number of shares outstanding on February 10, 2023, corresponds to SEK 962 million. The proposed dividend comprises 75% of the earnings per share for 2022. It is also proposed that dividends be paid in two installments for a better adaptation to the Group's cash flow profile. The proposed record date for the first dividend payment of SEK 4.60 per share is May 2, 2023 and the proposed record date for the second payment of SEK 4.60 per share is October 5, 2023. Ankündigung • Jan 11
Thule Group AB (publ) to Report Fiscal Year 2022 Results on Mar 31, 2023 Thule Group AB (publ) announced that they will report fiscal year 2022 results on Mar 31, 2023 Ankündigung • Nov 08
Thule Group AB (publ) to Report Q2, 2023 Results on Jul 19, 2023 Thule Group AB (publ) announced that they will report Q2, 2023 results on Jul 19, 2023 Buying Opportunity • Feb 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be kr452, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years. Recent Insider Transactions • Feb 22
Independent Director recently bought kr200k worth of stock On the 16th of February, Helene Mellquist bought around 490 shares on-market at roughly kr409 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr9.4m more in shares than they bought in the last 12 months. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr17.11 (up from kr11.24 in FY 2020). Revenue: kr10.4b (up 33% from FY 2020). Net income: kr1.79b (up 54% from FY 2020). Profit margin: 17% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 15% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year. Recent Insider Transactions • Dec 25
Insider recently bought kr100k worth of stock On the 22nd of December, Karl-Johan Magnusson bought around 190 shares on-market at roughly kr524 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr9.6m more in shares than they bought in the last 12 months. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS kr4.93 (vs kr4.31 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: kr2.77b (up 14% from 3Q 2020). Net income: kr516.0m (up 15% from 3Q 2020). Profit margin: 19% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 02
Insider recently sold kr9.7m worth of stock On the 28th of May, Kajsa von Geijer sold around 25k shares on-market at roughly kr386 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • May 01
President of Region Americas Fred Clark has left the company On the 30th of April, Fred Clark's tenure in the role of President of Region Americas ended. We don't have any record of a personal shareholding under Fred's name. Fred is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS kr4.27 (vs kr2.34 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr2.54b (up 46% from 1Q 2020). Net income: kr447.0m (up 86% from 1Q 2020). Profit margin: 18% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 16
Upcoming dividend of kr11.50 per share Eligible shareholders must have bought the stock before 23 April 2021. Payment date: 29 April 2021. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.6%). Reported Earnings • Apr 04
Full year 2020 earnings released: EPS kr11.24 (vs kr8.56 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr7.83b (up 11% from FY 2019). Net income: kr1.17b (up 32% from FY 2019). Profit margin: 15% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: kr346 The company is up 23% from its price of kr282 on 27 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr215 per share. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS kr11.23 (vs kr8.56 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr7.83b (up 11% from FY 2019). Net income: kr1.17b (up 32% from FY 2019). Profit margin: 15% (up from 13% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 1.6%, compared to a 10% growth forecast for the Leisure industry in the United Kingdom. Is New 90 Day High Low • Feb 08
New 90-day high: kr327 The company is up 22% from its price of kr268 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr139 per share. Is New 90 Day High Low • Jan 14
New 90-day high: kr325 The company is up 9.0% from its price of kr297 on 16 October 2020. The British market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Leisure industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr139 per share. 