Thule tops STOXX as Q4 figures exceed forecasts

Thule AB

10/02/2026 08:12

** Shares in Thule THULE.ST surge close to 13% after the Swedish maker of outdoor leisure equipment delivered better than expected quarterly results

** The group posts Q4 revenue of 1.86 billion Swedish crowns ($208.15 million), beating the 1.78 million crown forecast by analysts' polled by LSEG

** "With both sales and EBIT ahead of expectations and clear evidence of cost discipline, we view the print as supportive and expect a positive share price reaction," Jefferies says in a note

** The brokerage points out that Europe continued to outperform a still‑weak North America, and expects investor focus to be on the pace of North American normalization and retailer restocking as key catalysts for further upside

** Thule shares, on track for their best day since October 2024, top pan-European STOXX 600 .STOXX index

($1 = 8.9358 Swedish crowns)

(Reporting by izabela Niemiec)

((izabela.niemiec@thomsonreuters.com))