Thule Group AB (publ) (OTCPK:THLPF) Q2 2025 Earnings Convention Name July 15, 2025 3:30 AM ET
Firm Contributors
Mattias Ankarberg – CEO & President
Toby James Lawton – Chief Monetary Officer
Convention Name Contributors
Adela Abdenian Dashian – Jefferies LLC, Analysis Division
Agnieszka Vilela – Nordea Markets, Analysis Division
Carl Deijenberg – Carnegie Funding Financial institution AB, Analysis Division
Daniel Schmidt – Danske Financial institution A/S, Analysis Division
Fredrik Ivarsson – ABG Sundal Collier Holding ASA, Analysis Division
Gustav Hagéus – SEB, Analysis Division
Mats Liss – Kepler Cheuvreux, Analysis Division
Operator
Good morning, all, and thanks for becoming a member of us on the Thule Group Interim Report Q2. My identify is Karl and I will be the coordinator for at the moment’s name. [Operator Instructions]
I want to hand over to the President and CEO, Mattias Ankarberg. The ground is yours.
Mattias Ankarberg
Thanks very a lot. Welcome, all people, to at the moment’s name. I am additionally, as standard, joined by Toby Lawton, our CFO. We are going to discuss to the presentation, and it’s afterward out there on our IR web site as at all times.
So beginning off with the abstract on Web page 2. This quarter is 1 / 4 the place we’re rising though the market remains to be robust, rising a bit greater than in Q1 and whole gross sales in reported foreign money amounted to SEK 3.4 billion. That is 16% greater than final 12 months, excluding the foreign money results.
We continued to see a weak market, each on the retail and the patron facet and notably so in North America. On a constructive observe, it isn’t getting worse, however it’s nonetheless robust, and we’ll get again to that.
Natural progress was small, plus 1.5% within the quarter. Europe is up 4% and North America is down 3%, which we’re, in fact, not glad about, nevertheless it’s an enormous enchancment versus the event within the first quarter, which we’ll