OM:THULELeisure
Thule Group (OM:THULE) Margin Decline Raises Questions for Bullish Growth Narrative
Thule Group (OM:THULE) posted a net profit margin of 10.3%, down from 12.2% a year ago, with average annual earnings declining 5.1% over the past five years. Still, forecasts call for revenue growth of 5.5% per year and a 15.7% annual increase in EPS, outpacing the Swedish market’s expected 3.3% revenue and 12.5% EPS growth rates. Despite recent margin pressure, investors may view Thule’s growth projections and current valuation as supportive of a cautiously positive outlook.
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