Brief: Thule - Q2 Sales 15% Lower Y/Y After Currency Adjustment

Thule AB

19/07/2023 07:08

July 19 (Reuters) - Thule Group AB  THULE.ST :
    * COMPARED WITH Q2 PREVIOUS YEAR, SALES IN Q2 WERE  15%
LOWER
AFTER CURRENCY ADJUSTMENT
    * LOWER  SALES OF BIKE-RELATED PRODUCTS TO OUR RETAILERS,
WHO 
CONTINUED TO LOWER THEIR INVENTORY LEVELS
    * CONSIDERABLY UNDERUTILIZED  PRODUCTION CAPACITY, A
DISADVANTAGEOUS PRODUCT MIX,  CONTINUED GENERALLY HIGH COSTS FOR
MATERIALS
    * PRICE INCREASES IMPLEMENTED IN SUMMER 2022, LOWER  FREIGHT
COSTS, POSITIVE CHANNEL MIX AND HEALTHY  MARGINS HAD POSITIVE
IMPACT

Source text for Eikon:  ID:nMFN5cm3rN 
Further company coverage:  THULE.ST 

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