Brief: Thule Group Q2 Operating Income Grows To SEK 886 Mln

Thule AB

21/07/2021 06:49

July 21 (Reuters) - Thule Group AB  THULE.ST :
    * THULE GROUP (PUBL) - INTERIM REPORT, SECOND QUARTER,
APRIL–JUNE
2021
    * Q2 NET SALES FOR QUARTER AMOUNTED TO SEK 3,229M (2,043),
CORRESPONDING TO AN INCREASE OF 58.1 PERCENT
    * Q2 OPERATING INCOME AMOUNTED TO SEK 886M (430),
CORRESPONDING TO
A MARGIN OF 27.4 PERCENT (21.0)
    * DESPITE OUR HIGHLY FLEXIBLE PRODUCTION, IN AND CLOSE TO
OUR MAIN
MARKETS, WE WERE UNABLE TO FULLY MEET ALL DEMAND DURING THE
SECOND QUARTER
    * WE ANTICIPATE A LONGER PEAK SEASON THAT WILL CONTINUE INTO
THE
THIRD QUARTER
    * DURING THE SECOND QUARTER OF 2020, MOST OF OUR MAJOR
MARKETS
WERE AFFECTED BY SIGNIFICANT LOCKDOWNS, PRIMARILY DURING APRIL
AND MAY
    * MEETS CHALLENGES DAILY IN RELATION TO SUPPLIER CAPACITY
AND
GLOBAL DISTRIBUTION
    * MANUFACTURING COSTS INCREASED DURING THE QUARTER
    * TO COMPENSATE COST INCREASES, HAVE INTRODUCED, AND ALREADY
PARTLY IMPLEMENTED, PRICE INCREASES IN TWO STEPS
    * PRICE INCREASES: FIRST INCREASE ON JULY 1, SECOND WILL BE
IMPLEMENTED ON JANUARY 1, 2022

Source text for Eikon:  ID:nMFN3pST27 
Further company coverage:  THULE.ST 

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