Thule shares fall after in-line Q2
BUZZ-Thule shares fall after in-line Q2 ** Shares in Thule Group THULE.ST fall about 4%, with analysts pointing to increased expectations into the results and continued economic and geopolitical challenges
** The Swedish sport and outdoor product manufacturer reports Q2 adjusted EBIT of SEK 779 million ($80.72 million), roughly in line with Kepler Cheuvreux's forecast of SEK 761 million
** Jefferies, however, notes continued North American challenges — retailer destocking and organic sales declining
** The market likely looks for clearer evidence that the region can return to growth, Jefferies adds
** ''I think the comments regarding the impact of the Middle East conflict on consumer demand create some question marks,'' Mats Liss from Kepler Cheuvreux says
** Thule says consumers have become even more hesitant to make major purchases, impacting sales of motorhomes and camper vans
** Thule shares sit among the worst performers on the European STOXX 600 index .STOXX
($1 = 9.6504 Swedish crowns)
(Reporting by Alexander Klyve Gudbrandsen)