Thule Group First Quarter 2025 Earnings: Misses Expectations

April 30, 2025

Simply Wall St

Thule Group (STO:THULE) First Quarter 2025 Results

Key Financial Results

Revenue: kr2.66b (up 10.0% from 1Q 2024).
Net income: kr266.0m (down 11% from 1Q 2024).
Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses.
EPS: kr2.47 (down from kr2.84 in 1Q 2024).

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earnings-and-revenue-growth — OM:THULE Earnings and Revenue Growth April 30th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thule Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Leisure industry in Europe.

Performance of the market in Sweden.

The company's shares are down 12% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Thule Group, and understanding them should be part of your investment process.

Valuation is complex, but we're here to simplify it.

Discover if Thule Group might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.