Thule’s focus on backpacks pays off - sportstextiles: Lea SportsTextiles

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Thule’s focus on backpacks pays off

11/11/2015
Swedish outdoor group Thule has launched a ‘strategic review’ of its work gear division, after selling its snow chain operations to increase focus on sport and outdoor.

Net sales for the third quarter amounted to SEK 1,343 million ($154 million), an increase of 13.6%.
Sales for the Outdoor and Bags segment increased 12.4% to SEK 1,124 ($130 million) and increased during the first three quarters by 17.8%. 

“With a favourable trend for the first nine months of the year, our focus is now on continuing profitable growth even in the group’s least profitable quarter, but more importantly on ensuring we are well-prepared ahead of next season’s crucial product launches,” said CEO Magnus Welander.

Related stories:

Thule boosts production capacity with new facility 15/01/2018
Thule sales rise despite dip in the Americas 01/11/2016
Thule registers sales growth in Q1 27/04/2016
Thule sells offshoot to concentrate on bags 10/09/2015
Jobs losses at Thule, sales grow 20% 24/07/2015
New recruits at Haglöfs 30/06/2015
Renewable energy makes up half Thule’s total 16/03/2015
Thule becomes a bluesign partner 27/02/2015
Thule focuses on outdoor as currency effects decimate revenues 13/02/2015
Record attendance at ISPO Beijing 03/02/2015

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