Earnings beats fuel Thule, Dometic shares

Thule AB

15/07/2025 09:04

** Shares in Thule THULE.ST and Dometic DOMETIC.ST rise about 5% and 7%, respectively, after the Swedish recreational equipment makers delivered Q2 earnings ahead of expectations

** Thule, a sports and outdoor product maker, posted adj. EBIT of SEK 734 mln, 3.5% ahead of a consensus estimate cited by Jefferies

** The beat was driven by organic growth in Europe and Thule's Quad Lock acquisition, the brokerage says

** It adds that US is the 'key swing factor' and that a sustained recovery there is 'critical to unlocking the full earnings potential'

** Dometic, a recreational vehicle equipment maker, posted  adjusted EBITA 3% ahead of consensus cited by Jefferies

** While Service & Aftermarket business deteriorated sequentially, Dometic did better on savings and cost control, the brokerage says

** Shares of both Thule and Dometic hit their highest since March

($1 = 9.6033 Swedish crowns)

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))