Brief: Thule Sales At Expected Level

Thule AB

27/04/2023 06:49

April 27 (Reuters) - Thule Group AB  THULE.ST :
    * SALES IN THE QUARTER WERE LOWER YEAR-ON-YEAR, BUT AT  AN
EXPECTED LEVEL AND WITH HEALTHY PROFITABILITY
    * DECLINE IN SALES OF BIKE-RELATED PRODUCTS TO RETAILERS, 
WHO
CONTINUED TO LOWER THEIR INVENTORY LEVELS
    * SIGNIFICANTLY  LOWER PRODUCTION LEVEL IMPACTED THE
UTILIZATION
RATES OF  THE GROUP'S PRODUCTION UNITS.
    * DISADVANTAGEOUS PRODUCT MIX, AN  UNDERUTILIZED PRODUCTION
CAPACITY, CONTINUED GENERALLY  HIGH MATERIAL COSTS A

Source text for Eikon:  ID:nMFN9M4Mc1 
Further company coverage:  THULE.ST 

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