Thule Group AB (publ) (THUPY) Discusses Pre-Quarter Update: Market Conditions, Regional Performance and Financial Highlights January 9, 2026 8:00 AM EST
Company Participants
Mattias Ankarberg – CEO & President
Toby Lawton – Chief Financial Officer
Conference Call Participants
Daniel Schmidt – Danske Bank A/S, Research Division
Fredrik Ivarsson – ABG Sundal Collier Holding ASA, Research Division
Mats Liss – Kepler Cheuvreux, Research Division
Johan Eliason – Sparebank 1 Markets AS, Research Division
Agnieszka Vilela – Nordea Markets, Research Division
Presentation
Operator
Welcome to the Thule pre-quarter 4 update. [Operator Instructions] Now I will hand the conference over to the speakers, CEO and President, Mattias Ankarberg; and CFO, Toby Lawton. Please go ahead.
Mattias Ankarberg
CEO & President
Thank you very much. Welcome, everybody, to this pre-quarter call. Myself and Toby will have a short presentation, and then we’ll move into Q&A. As you’re probably aware, the fourth quarter is clearly our smallest quarter and maybe less exciting from a financial point of view. But nevertheless, we have been busy, and we’ll talk you through a bit on what’s happened with our priorities, the market situation and then some quick highlights from our recent Capital Markets Day. But starting out on Page 2, just recapping where we are so far in the year.
Our most recent quarter, the third quarter, the heading was good profitability in a continued tough market. I think it captures the quarter well from a financial point of view. Sales was SEK 2.5 billion, which was up 13% in total, excluding currency effects. Organic growth was negative and reported growth was still held back quite a bit by some significant currency effects of about 5%. We do see — continue to see cautious consumers and retailers in the third quarter which we have done all year.
Following a spring and