Thule Group Ab · OMXSTO:THULE
Thule Group Ab — Shareholder Meeting (April 2024)
18 slides from Thule Group Ab's shareholder meeting presentation, Apr 26, 2024
Slide 1: AGM 2024 CEO presentation
AGM 2024 CEO presentation 2024-04-26 Mattias Ankarberg, CEO
Slide 2: Building on strengths
Building on strengths ▪ We have tailwind – people increasingly want to live active lives ▪ We are global market leaders in our key product categories ▪ We invest in our own capabilities for innovation & quality
Slide 3: 2023 – Solid performance in a tough market
2023 – Solid performance in a tough market ▪ Sales SEK 9.1bn, -15% vs PY (FX adj.) ▪ EBIT SEK 1.5bn, EBIT margin 16.3% ▪ Results better second half of year, with flat sales development and improved profitability ▪ Record high cash flow from operating activities at SEK 1.9bn ▪ Proposed ordinary divid
Slide 4: Sustainability – Significantly reduced emissions in 2023
Sustainability – Significantly reduced emissions in 2023 Greenhouse Gas Emissions (2019-2023) 350 000 40 Emission Intensity (tCO2eq/MSEK 300 000 Total emissions (tCO2eq) 30 250 000 200 000 20 150 000 100 000 10 50 000 0 0 2019 2020 2021 2022 2023 tonC02eq tonC02eq/MSEK
Slide 5: Clear priorities forward
Clear priorities forward 1. Product development – more new products than ever in 2024 2. More categories – dog transportation and car seats in 2024 3. Consumer visibility – show more to sell more, grow DTC 4. Supply chain efficiency – discontinue external warehouse services, reduce inventory further
Slide 6: Thule Epos – Future is bright // Building on strengths
Future is bright // Building on strengths ▪ 2023/Q3 Net sales 1,689 MSEK (1,418) +8% increase (constant currency) vs PY Thule Epos – ▪ Strong growth from premium bike related products ▪ Bike retailer inventory of Thule products generally back to healthy levels our most versatile ▪ New products, e.g.
Slide 7: Thule Motion – the world's most sold roof box
Thule Motion – next generation of the world’s most sold roof box
Slide 8: Thule Chariot – next generation market leading bike trailers
Thule Chariot Sport and Cross – Launching April 2024 Thule Chariot – next generation market leading bike trailers
Slide 9: Thule Urban Glide – updating our iconic all-terrain stroller
Thule Urban Glide – updating our iconic all-terrain stroller
Slide 10: Thule Sidehill – the world's first removable awning
Thule Sidehill – the world’s first removable awning
Slide 11: Thule Subterra – refreshing our top selling luggage collection
Thule Subterra – refreshing our top selling luggage collection
Slide 12: Thule Outset – the world's first rear mounted car tent
Thule Outset – the world’s first rear mounted car tent
Slide 13: Dog transport Launch Q1 2024
- Dog transport ~ Launch Q1 . 2024 DESIGN AWARD 2024 f
Slide 14: Car seats Launch Q2 2024
.. 2 Car seats Launch Q2 2024 DESIGN AWARD 2024
Slide 15: Global Thule brand event support launches with top media visibility into 2024
Global Thule brand event support launches with top media visibility into 2024
Slide 16: 2024/Q1: Good start to the year – back to growth
2024/Q1: Good start to the year – back to growth ▪ Sales SEK 2.4bn, +8% vs PY (FX adj.) ▪ EBIT 412m (382), EBIT margin 17.0% (17.2%) ▪ New Thule products received well and drive growth ▪ New thule.com market Czech Republic add DTC sales ▪ Record number of product design awards in Thule history 12 00
Slide 17: Q&A
Q&A www.thulegroup.com
Slide 18: Active life, simplified
Thule Group») ACTIVE LIFE, SIMPLIFIED