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Thule Group AB (publ) (THUPY) Discusses Pre-Quarter Update: Market Conditions, Regional Performance and Financial Highlights Transcript
Seeking Alpha· 2026-01-09 16:14
Core Insights - The company reported good profitability in a challenging market environment during the third quarter, with sales reaching SEK 2.5 billion, reflecting a 13% increase excluding currency effects [2]. Financial Performance - The third quarter's organic growth was negative, and reported growth was significantly impacted by currency effects, which accounted for approximately 5% [2]. - The company continues to observe cautious behavior from consumers and retailers throughout the year [2]. Market Situation - The fourth quarter is anticipated to be the smallest and potentially less exciting from a financial perspective, but the company remains active in addressing its priorities and market conditions [1].