Thule Group AB (publ) (THULE) Earnings Call Transcripts

Thule Group AB (publ)'s Latest Earnings Call - June 17, 2026

Thule Group AB's pre-quarter 2 update for fiscal year 2026 highlighted continued organic growth despite challenging market conditions. Management reported that North America remains the toughest market, but there are improvements. The company expects organic growth in Q2, driven by its champion product categories, particularly in the active with kids and dogs segment. The acquisition of Kerley, a leader in premium dog harnesses, complements Thule's product range. Revenue and earnings specifics were not disclosed, but management noted a 2% negative FX impact on sales, an improvement from Q1's 7% headwind. Guidance remains optimistic for organic growth in Q2, with a focus on maintaining gross margins amid cost pressures.

Reported metrics

Guidance from management

Thule expects continued organic growth in Q2, driven by its champion product categories. The company aims to maintain its gross margin despite cost pressures, with planned price increases in Q3.

What management said

Maybe I can just go first on I mean, on the cost side, done. But we saw costs did go up in kind of March time, in particular, when the credit obviously started. They've been fairly stable on a higher level. And to remind, we buy some quite specialist sort of grades of aluminum and plastics. So it's not commodity pricing that you always see that translates into the prices we pay, they tend to be a bit more slow moving...

And then maybe to answer your last part of your question there, Daniel. I think it's right, it's been volatile, up and then maybe down a bit. And I guess, who knows the development over the next couple of weeks. But that's also part of the reason why we're still finalizing the price increases as we speak. The other reason is make sure we we're in high season, and we want to keep our teams and our customers focused on...

What analysts pressed on

Analysts expressed concerns about the impact of raw material costs and the timing of price increases. Questions were raised about the sustainability of organic growth and the potential impact of FX and tariffs on financial performance.

Main topics on the call

• Organic Growth — Thule reported organic growth in Q1 and expects the trend to continue into Q2, despite a tough market environment. Management emphasized growth in champion product categories, particularly in the active with kids and dog...
• Market Conditions — The market remains challenging, especially in North America. Consumer confidence has dropped in both the US and EU. However, the RV segment shows signs of recovery, contributing to growth.
• Acquisition of Kerley — Thule acquired Kerley, a leader in premium dog harnesses, to expand its product offerings in the dog transportation category. This acquisition is expected to complement Thule's existing product lines.
• FX Impact — FX headwinds impacted sales by 2% in Q2, an improvement from a 7% impact in Q1. This reduction in FX pressure is expected to aid reported growth.

Read the full Thule Group AB (publ) transcript (June 17, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 Thule Group AB (publ) earnings call transcripts on record, spanning February 12, 2020 to July 20, 2026. Based on this history, Thule Group AB (publ) reports quarterly. The most recent call on file is dated July 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

THULE

Exchange

OM

Country

SE

Sector

Consumer Discretionary

Industry

Leisure Products

Calls on record

35

First call

February 12, 2020

Most recent

July 20, 2026

Reporting cadence

quarterly