Thule among STOXX top gainers on strong Q3, investment ramp-up
22/10/2021 08:33
** Shares in Thule SAABb.ST rise 5% and are among top
risers on pan-European index STOXX 600 .STOXX after the
Swedish sport equipment maker reported a rise in third quarter
results, unhampered by growing production costs urn:newsml:reuters.com:*:nL8N2RI10Q
** Thule said demand for leisure and sport activities
remained strong and raised its investment target for 2022 to 5%
of turnover
** "Considering that the third quarter of 2020 was
exceptionally strong, with a clear seasonal shift from spring to
summer and autumn due to pandemic shutdowns, growth was even
more impressive," Thule Chief Executive said
** The stock is up 53% year to date
(Reporting by Boleslaw Lasocki)
((boleslaw.lasocki@tr.com))