Thule Group AB (publ)

BATS-CHIXE:THULES Stock Report

Market Cap: SEK 28.2b

Thule Group Management

Management criteria checks 3/4

Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of 1.67 years. total yearly compensation is SEK15.21M, comprised of 61.2% salary and 38.8% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth SEK2.62M. The average tenure of the management team and the board of directors is 2.8 years and 3 years respectively.

Key information

Mattias Ankarberg

Chief executive officer

SEK 15.2m

Total compensation

CEO salary percentage61.2%
CEO tenure1.7yrs
CEO ownership0.009%
Management average tenure2.8yrs
Board average tenure3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mattias Ankarberg's remuneration changed compared to Thule Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024SEK 15mSEK 9m

SEK 1b

Sep 30 2024n/an/a

SEK 1b

Jun 30 2024n/an/a

SEK 1b

Mar 31 2024n/an/a

SEK 1b

Dec 31 2023SEK 6mSEK 4m

SEK 1b

Sep 30 2023n/an/a

SEK 1b

Jun 30 2023n/an/a

SEK 935m

Mar 31 2023n/an/a

SEK 1b

Dec 31 2022SEK 445kn/a

SEK 1b

Sep 30 2022n/an/a

SEK 1b

Jun 30 2022n/an/a

SEK 2b

Mar 31 2022n/an/a

SEK 2b

Dec 31 2021SEK 396kn/a

SEK 2b

Sep 30 2021n/an/a

SEK 2b

Jun 30 2021n/an/a

SEK 2b

Mar 31 2021n/an/a

SEK 1b

Dec 31 2020SEK 385kn/a

SEK 1b

Sep 30 2020n/an/a

SEK 1b

Jun 30 2020n/an/a

SEK 763m

Mar 31 2020n/an/a

SEK 871m

Dec 31 2019SEK 379kn/a

SEK 883m

Sep 30 2019n/an/a

SEK 897m

Jun 30 2019n/an/a

SEK 905m

Mar 31 2019n/an/a

SEK 870m

Dec 31 2018SEK 270kn/a

SEK 837m

Compensation vs Market: Mattias's total compensation ($USD1.57M) is below average for companies of similar size in the UK market ($USD3.08M).

Compensation vs Earnings: Mattias's compensation has increased by more than 20% in the past year.

CEO

Mattias Ankarberg (48 yo)

1.7yrs

Tenure

SEK 15,214,000

Compensation

Mr. Mattias Ankarberg had been the Chief Executive Officer and President at Byggmax Group AB (publ) since November 14, 2016 until 2023. Mr. Ankarberg served as an Independent Director of Thule Group AB (pu...

Leadership Team

NamePositionTenureCompensationOwnership
Mattias Ankarberg
CEO & President1.7yrsSEK 15.21m0.0093%
SEK 2.6m
Toby Lawton
Chief Financial Officer1.3yrsno data0.00070%
SEK 197.5k
Marianne Hagelqvist
Head of Group Accountingno datano datano data
Catharina Paulcén
Senior Vice President Corporate Communications & Investor Relationsless than a yearno data0.00093%
SEK 262.4k
Helena Dino
Senior Vice President of Human Resources1.3yrsno datano data
Hilary Hartley
Senior Vice President of Global Business Development4yrsno datano data
Karl-Johan Magnusson
Senior Vice President of Product Development5.3yrsno data0.0013%
SEK 358.3k
Andreas Hagglund
Senior Vice President of Supply Chain6.3yrsno datano data
Daniel Larsson
Senior Vice President of Commercial6.3yrsno data0.014%
SEK 3.9m
Peter Linderoth
Secretaryno datano datano data

2.8yrs

Average Tenure

50.5yo

Average Age

Experienced Management: THULES's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Hans Eckerstrom
Independent Chair of the Board18.3yrsSEK 1.53m0.032%
SEK 9.2m
Sarah McPhee
Independent Director3yrsSEK 556.00k0.0034%
SEK 956.3k
Johan Westman
Independent Director3yrsSEK 449.00k0.0031%
SEK 871.7k
Paul Gustavsson
Independent Director1yrSEK 379.00k0.0010%
SEK 293.4k
Sandra Finér
Independent Director1yrSEK 341.00k0.00023%
SEK 64.9k
Helene Willberg
Independent Director6yrsSEK 715.00k0.0017%
SEK 471.1k
Anders Jensen
Independent Director2yrsSEK 449.00k0.017%
SEK 4.7m

3.0yrs

Average Tenure

52yo

Average Age

Experienced Board: THULES's board of directors are considered experienced (3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 00:35
End of Day Share Price 2025/04/16 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thule Group AB (publ) is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Lars TopholmCarnegie Investment Bank AB
Daniel SchmidtDanske Bank