Thule Group AB (publ)

OM:THULE Stock Report

Market Cap: SEK 38.1b

Thule Group Management

Management criteria checks 1/4

Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of 1.33 years. total yearly compensation is SEK6.22M, comprised of 61% salary and 39% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth SEK3.53M. The average tenure of the management team and the board of directors is 1.3 years and 2.7 years respectively.

Key information

Mattias Ankarberg

Chief executive officer

SEK 6.2m

Total compensation

CEO salary percentage61.0%
CEO tenure1.3yrs
CEO ownership0.009%
Management average tenure1.3yrs
Board average tenure2.7yrs

Recent management updates

Recent updates

Analysts Are Betting On Thule Group AB (publ) (STO:THULE) With A Big Upgrade This Week

Nov 16
Analysts Are Betting On Thule Group AB (publ) (STO:THULE) With A Big Upgrade This Week

Thule Group (STO:THULE) Seems To Use Debt Quite Sensibly

Nov 07
Thule Group (STO:THULE) Seems To Use Debt Quite Sensibly

Results: Thule Group AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Oct 26
Results: Thule Group AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Oct 17
Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Investors Met With Slowing Returns on Capital At Thule Group (STO:THULE)

Sep 18
Investors Met With Slowing Returns on Capital At Thule Group (STO:THULE)

Getting In Cheap On Thule Group AB (publ) (STO:THULE) Is Unlikely

Aug 31
Getting In Cheap On Thule Group AB (publ) (STO:THULE) Is Unlikely

Thule Group (STO:THULE) Is Due To Pay A Dividend Of SEK4.75

Aug 19
Thule Group (STO:THULE) Is Due To Pay A Dividend Of SEK4.75

At kr290, Is It Time To Put Thule Group AB (publ) (STO:THULE) On Your Watch List?

Aug 16
At kr290, Is It Time To Put Thule Group AB (publ) (STO:THULE) On Your Watch List?

Is Thule Group (STO:THULE) Using Too Much Debt?

Aug 04
Is Thule Group (STO:THULE) Using Too Much Debt?

Thule Group (STO:THULE) Has Announced A Dividend Of SEK4.75

Jul 22
Thule Group (STO:THULE) Has Announced A Dividend Of SEK4.75

Analysts Are Updating Their Thule Group AB (publ) (STO:THULE) Estimates After Its Second-Quarter Results

Jul 20
Analysts Are Updating Their Thule Group AB (publ) (STO:THULE) Estimates After Its Second-Quarter Results

Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Jul 02
Calculating The Fair Value Of Thule Group AB (publ) (STO:THULE)

Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

Jun 20
Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

May 25
Thule Group (STO:THULE) Will Pay A Dividend Of SEK4.75

The Returns At Thule Group (STO:THULE) Aren't Growing

May 21
The Returns At Thule Group (STO:THULE) Aren't Growing

Thule Group's (STO:THULE) Dividend Will Be SEK4.75

May 09
Thule Group's (STO:THULE) Dividend Will Be SEK4.75

Thule Group AB (publ) (STO:THULE) Just Released Its First-Quarter Earnings: Here's What Analysts Think

May 01
Thule Group AB (publ) (STO:THULE) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Thule Group's (STO:THULE) Upcoming Dividend Will Be Larger Than Last Year's

Apr 25
Thule Group's (STO:THULE) Upcoming Dividend Will Be Larger Than Last Year's

Thule Group AB (publ)'s (STO:THULE) Price Is Out Of Tune With Earnings

Apr 20
Thule Group AB (publ)'s (STO:THULE) Price Is Out Of Tune With Earnings

Is Now The Time To Look At Buying Thule Group AB (publ) (STO:THULE)?

Apr 07
Is Now The Time To Look At Buying Thule Group AB (publ) (STO:THULE)?

Thule Group (STO:THULE) Will Pay A Larger Dividend Than Last Year At SEK4.75

Mar 26
Thule Group (STO:THULE) Will Pay A Larger Dividend Than Last Year At SEK4.75

Here's Why Thule Group (STO:THULE) Can Manage Its Debt Responsibly

Mar 17
Here's Why Thule Group (STO:THULE) Can Manage Its Debt Responsibly

Calculating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Mar 05
Calculating The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Thule Group (STO:THULE) Is Increasing Its Dividend To SEK4.75

Feb 22
Thule Group (STO:THULE) Is Increasing Its Dividend To SEK4.75

Thule Group AB (publ)'s (STO:THULE) Share Price Could Signal Some Risk

Jan 07
Thule Group AB (publ)'s (STO:THULE) Share Price Could Signal Some Risk

Thule Group (STO:THULE) Could Be Struggling To Allocate Capital

Dec 14
Thule Group (STO:THULE) Could Be Struggling To Allocate Capital

Does Thule Group (STO:THULE) Have A Healthy Balance Sheet?

Nov 30
Does Thule Group (STO:THULE) Have A Healthy Balance Sheet?

A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Nov 17
A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Should You Think About Buying Thule Group AB (publ) (STO:THULE) Now?

Oct 24
Should You Think About Buying Thule Group AB (publ) (STO:THULE) Now?

Thule Group (STO:THULE) Is Paying Out Less In Dividends Than Last Year

Sep 26
Thule Group (STO:THULE) Is Paying Out Less In Dividends Than Last Year

Be Wary Of Thule Group (STO:THULE) And Its Returns On Capital

Sep 11
Be Wary Of Thule Group (STO:THULE) And Its Returns On Capital

Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60

Aug 28
Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60

Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60

Aug 10
Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60

Thule Group (STO:THULE) Has A Somewhat Strained Balance Sheet

Aug 04
Thule Group (STO:THULE) Has A Somewhat Strained Balance Sheet

A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Jul 18
A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Thule Group (STO:THULE) Will Pay A Smaller Dividend Than Last Year

Jul 18
Thule Group (STO:THULE) Will Pay A Smaller Dividend Than Last Year

Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60

Jul 01
Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60

Returns On Capital At Thule Group (STO:THULE) Have Stalled

May 31
Returns On Capital At Thule Group (STO:THULE) Have Stalled

Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60

May 14
Thule Group's (STO:THULE) Dividend Is Being Reduced To SEK4.60

Thule Group's (STO:THULE) Shareholders Will Receive A Smaller Dividend Than Last Year

Apr 30
Thule Group's (STO:THULE) Shareholders Will Receive A Smaller Dividend Than Last Year

A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Apr 17
A Look At The Intrinsic Value Of Thule Group AB (publ) (STO:THULE)

Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60

Apr 05
Thule Group's (STO:THULE) Dividend Will Be Reduced To SEK4.60

These 4 Measures Indicate That Thule Group (STO:THULE) Is Using Debt Extensively

Apr 03
These 4 Measures Indicate That Thule Group (STO:THULE) Is Using Debt Extensively

Returns At Thule Group (STO:THULE) Appear To Be Weighed Down

Feb 25
Returns At Thule Group (STO:THULE) Appear To Be Weighed Down

Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60

Feb 13
Thule Group (STO:THULE) Is Reducing Its Dividend To SEK4.60

CEO Compensation Analysis

How has Mattias Ankarberg's remuneration changed compared to Thule Group's earnings?
DateTotal CompensationSalaryCompany Earnings
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 ($USD563.00K) is below average for companies of similar size in the Swedish market ($USD908.09K).

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

CEO

Mattias Ankarberg (48 yo)

1.3yrs

Tenure

SEK 6,218,000

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 & President1.3yrsSEK 6.22m0.0095%
SEK 3.6m
Toby Lawton
Chief Financial Officerless than a yearno data0.00071%
SEK 270.3k
Marianne Hagelqvist
Head of Group Accountingno datano datano data
Catharina Paulcén
Senior Vice President Corporate Communications & Investor Relationsless than a yearno datano data
Hilary Hartley
President of Region Americas3.7yrsno datano data
Karl-Johan Magnusson
Senior Vice President of Product Development4.9yrsno data0.0013%
SEK 491.0k
Peter Linderoth
Secretaryno datano datano data

1.3yrs

Average Tenure

51yo

Average Age

Experienced Management: THULE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Hans Eckerstrom
Independent Chair of the Board17.9yrsSEK 1.49m0.033%
SEK 12.6m
Sarah McPhee
Independent Director2.7yrsSEK 521.00k0.0025%
SEK 955.4k
Johan Westman
Independent Director2.7yrsSEK 426.00k0.0031%
SEK 1.2m
Paul Gustavsson
Directorless than a yearno datano data
Helene Mellquist
Independent Deputy Chairman8.6yrsSEK 471.00k0.0016%
SEK 628.1k
Sandra Finér
Directorless than a yearno datano data
Helene Willberg
Independent Director5.7yrsSEK 661.00k0.0017%
SEK 647.1k
Anders Jensen
Independent Director1.7yrsSEK 322.00k0.014%
SEK 5.5m

2.7yrs

Average Tenure

57yo

Average Age

Experienced Board: THULE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 18:47
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Thule Group AB (publ) is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lars TopholmCarnegie Investment Bank AB
Daniel SchmidtDanske Bank
Ebba Marie BjorklidDNB Markets