Thule Group AB (publ)

OTCPK:THUP.Y Stock Report

Market Cap: US$2.2b

Thule Group Management

Management criteria checks 3/4

Thule Group's CEO is Mattias Ankarberg, appointed in Aug 2023, has a tenure of 3.08 years. total yearly compensation is SEK15.31M, comprised of 62% salary and 38% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth $300.85K. The average tenure of the management team and the board of directors is 4.3 years and 2.4 years respectively.

Key information

Mattias Ankarberg

Chief executive officer

SEK 15.3m

Total compensation

CEO salary percentage62.04%
CEO tenure3.1yrs
CEO ownership0.01%
Management average tenure4.3yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mattias Ankarberg's remuneration changed compared to Thule Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

SEK 1b

Mar 31 2026n/an/a

SEK 1b

Dec 31 2025SEK 15mSEK 9m

SEK 1b

Sep 30 2025n/an/a

SEK 1b

Jun 30 2025n/an/a

SEK 1b

Mar 31 2025n/an/a

SEK 1b

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

Compensation vs Market: Mattias's total compensation ($USD1.56M) is below average for companies of similar size in the US market ($USD5.25M).

Compensation vs Earnings: Mattias's compensation has been consistent with company performance over the past year.

CEO

Mattias Ankarberg (50 yo)

3.1yrs
Tenure
SEK 15,310,000
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 & President3.1yrsSEK 15.31m0.014%
$ 300.9k
Toby Lawton
Chief Financial Officer2.7yrsno data0.0052%
$ 112.3k
Marianne Hagelqvist
Head of Group Accountingno datano datano data
Catharina Paulcén
Senior Vice President of Corporate Communications & Investor Relations1.8yrsno data0.0014%
$ 30.1k
Helena Dino
Senior Vice President of Human Resources2.7yrsno data0.00081%
$ 17.5k
Hilary Hartley
Senior Vice President of Global Business Development5.4yrsno datano data
Karl-Johan Magnusson
Senior Vice President of Product Development6.7yrsno data0.0025%
$ 53.6k
Andreas Hagglund
Senior Vice President of Supply Chain7.7yrsno data0.00056%
$ 12.1k
Daniel Larsson
Senior Vice President of Commercial7.7yrsno data0.010%
$ 222.6k
Peter Linderoth
Secretaryno datano datano data
Aden Johnson
Vice President of Category Managementno datano data0.00080%
$ 17.3k
4.3yrs
Average Tenure
52.5yo
Average Age

Experienced Management: THUP.Y's management team is considered experienced (4.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Per-Arne Blomquist
Vice Chairman of the Boardless than a yearno datano data
Hans Eckerstrom
Independent Chair of the Board19.7yrsSEK 1.58m0.032%
$ 702.1k
Johan Westman
Independent Director4.4yrsSEK 470.00k0.0073%
$ 157.0k
Paul Gustavsson
Independent Director2.4yrsSEK 520.00k0.0020%
$ 44.1k
Sandra Finér
Independent Director2.4yrsSEK 470.00k0.00079%
$ 17.1k
Helene Willberg
Independent Director7.4yrsSEK 764.00k0.0017%
$ 36.1k
Sara Molnar
Directorless than a yearno datano data
2.4yrs
Average Tenure
56.5yo
Average Age

Experienced Board: THUP.Y's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 18:50
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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 16 analysts. 8 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