- Thule’s third-quarter net sales reached SEK 2.34 billion, surpassing the estimate of SEK 2.31 billion.
- Earnings before interest and taxes (EBIT) were SEK 413 million, exceeding the estimate of SEK 385.8 million.
- EBITDA was reported at SEK 490.0 million, beating the expected SEK 455.8 million.
- Diluted earnings per share (EPS) were SEK 2.84, above the forecasted SEK 2.70.
- The CEO emphasized continued investment in becoming a market leader in car seats, citing a potential 25-year journey similar to that of roof boxes.
- Thule is well-positioned to enhance many existing market-leading positions, promising fast and direct sales and profitability growth.
- Future investments are set to increase, with new product launches, including bike carriers, expected as early as spring 2025.
- Current market sentiment includes 3 buy ratings, 6 hold ratings, and no sell ratings for Thule.
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A look at Thule Group Ab Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Thule Group AB, a global manufacturer of bike racks, cargo carriers, and hitch solutions for vehicles, is undergoing a promising transformation. With a solid Dividend score of 4 and strong Momentum at 4, the company shows potential for growth and stability in the long term. This indicates a positive outlook for investors expecting consistent dividends and upward stock performance.
Although the Value and Growth scores are moderate at 2 and 3 respectively, Thule Group AB demonstrates Resilience with a score of 3, highlighting its ability to withstand economic challenges. Overall, the company’s Smartkarma Smart Scores paint a picture of a company that is well-positioned to weather market fluctuations and provide attractive returns to shareholders in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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