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Thule Group AB Unsponsored ADR (THUPY)
:THUPY
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -2.31%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Positive
Thule Group demonstrated strong performance in Q3 2024, with significant achievements in organic growth, EBIT margin, and product launches. The company navigated challenges in specific segments and regions, maintaining a robust financial position. The overall sentiment is positive, driven by successful new product launches and strategic growth in key markets.Company Guidance
In the third quarter of 2024, Thule Group reported a strong performance with notable metrics despite challenging market conditions. The company achieved a 4% organic growth, with Europe and the rest of the world seeing a 6% increase, while the Americas experienced a 1% rise. Thule's gross margin reached nearly 43%, and the EBIT margin hit a record 17.6% for a third quarter, excluding pandemic years, translating to an absolute EBIT of SEK 413 million. Cash flow from operations was robust, nearly hitting SEK 1 billion. The launch of new products and the win in Europe's prestigious ADAC car seat test contributed to growth, particularly in the Juvenile & Pet category, which saw a 15% increase in net sales. Additionally, Thule's inventory levels were significantly reduced by SEK 700 million, enhancing cash flow and improving financial leverage, with the debt to EBITDA ratio dropping to 0.5x. As Thule continues to innovate, the company plans to maintain its high pace of product launches into 2025, focusing on sustaining profitable growth while managing costs efficiently.Organic Growth Amid Tough Market
Thule Group achieved 4% organic growth in Q3 2024, with a stronger performance in Europe and the rest of the world (6%) compared to the Americas (1%).
Record EBIT Margin
The company reported an EBIT margin of 17.6%, the highest ever for Q3, excluding the pandemic period.
Strong Cash Flow
Cash flow from operations was almost SEK 1 billion, indicating a robust financial position.
ADAC Car Seat Test Winner
Thule Group's car seat won the prestigious ADAC test in Europe, receiving the best score ever for the product type.
Successful New Product Launches
Notable new products include Thule Bexey for dog transportation and expansions in car seats to new European markets.
Gross Margin Improvement
Gross margin increased by 2.8% year-over-year to 42.9%, driven by lower material costs and better mix.
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THUPY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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THUPY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $14.29 | $16.36 | +14.49% |
| Jul 17, 2024 | $13.85 | $14.48 | +4.55% |
| Apr 26, 2024 | $13.52 | $13.59 | +0.52% |
| Feb 09, 2024 | $12.89 | $13.68 | +6.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Thule Group AB Unsponsored ADR (THUPY) report earnings?
Thule Group AB Unsponsored ADR (THUPY) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Thule Group AB Unsponsored ADR (THUPY) earnings time?
Thule Group AB Unsponsored ADR (THUPY) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is THUPY EPS forecast?
Currently, no data Available
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