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Thule Group AB Unsponsored ADR (THUPY)
:THUPY
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2025
|% Change Since: 1.22%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Thule's strong product development and launch strategy, successful acquisition of Quad Lock, and recognition for sustainability efforts, while also acknowledging challenges in the North American market and RV segment. Overall, positive developments in product innovation and strategic acquisitions outweigh the challenges faced in certain market segments.Company Guidance
During the Thule Group's Q4 and End Year Report 2024 Call, CEO and President Mattias Ankarberg, alongside CFO Toby Lawton, provided comprehensive guidance on the company's performance and future strategies. The Thule Group ended 2024 with a 5% growth in sales and an EBIT of SEK1.6 billion, achieving an all-time high gross margin of 42.7%. The company's focus on product innovation led to a record number of product launches, including new categories like dog transportation and child car seats, contributing to a 10% growth in the Juvenile & Pet category. Thule's acquisition of Quad Lock also bolstered growth, particularly in the smallest quarter due to seasonality, with a 7% increase in Q4 sales. The Board proposed a dividend of SEK8.30 per share, aligning with the target of distributing 75% of net income. Looking ahead to 2025, Thule plans to maintain its product launch momentum, invest in product development, and reduce inventory by an additional SEK200 million, while navigating a challenging market, especially in North America and the RV sector.Record Product Launch Year
2024 was the biggest product launch year in Thule's history, entering three new product categories and launching more new products than ever.
Strong Recognition and Awards
Thule received more international design awards than ever before and was ranked number one in the world among consumer durable companies by Sustainalytics for sustainability.
Revenue and EBIT Growth
Thule reported a 5% growth in revenue and an EBIT margin increase to 17% for the full year, with an all-time high gross margin of 42.7%.
Successful Acquisitions and Partnerships
The acquisition of Quad Lock, a market leader in performance phone mounts, was successfully completed, contributing to growth.
Juvenile & Pet Segment Growth
This segment grew by 14% in Q4 and 10% for the full year, driven by new product launches such as the Thule Urban Glide 3 stroller and Thule Allax dog crate.
Strong Cash Flow and Dividend Proposal
Strong cash flow from operations with a reduction in inventory by SEK500 million, surpassing the target, and a proposed dividend of SEK8.30 per share.
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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 |
|---|---|---|---|
| Feb 07, 2025 | $16.34 | $16.50 | +0.98% |
| 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% |
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 Apr 29, 2025, TBA Not Confirmed.
What is Thule Group AB Unsponsored ADR (THUPY) earnings time?
Thule Group AB Unsponsored ADR (THUPY) earnings time is at Apr 29, 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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