Thule registers sales growth in Q1 - sportstextiles: Lea SportsTextiles

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Thule registers sales growth in Q1

27/04/2016
Swedish outdoor group Thule reported first quarter net sales of $163 million, up 6% in currency-neutral terms, despite a decline in sales in the Americas.

The company’s sales in the region dropped 4% due to economic weakness and political unrest in Latin America but 11% growth in European sales offset the decline.

Underlying Earnings Before Interest & Tax (EBIT) increased 15% in currency-neutral terms to $28 million whilst net income rose 21.6% to $20 million.

Related stories:

Thule boosts production capacity with new facility 15/01/2018
Thule sales rise despite dip in the Americas 01/11/2016
Thule’s focus on backpacks pays off 11/11/2015
Thule sells offshoot to concentrate on bags 10/09/2015
Jobs losses at Thule, sales grow 20% 24/07/2015
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

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