Thule Group AB (publ) (THULE) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Sully Interim Report Q1. My name is Ken and I will be your moderator today. All nights will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. If you would like to ask a question, please press star 1 on your cell phone keypad. I would now like to pass the conference over to Mattia Ankerberg to begin. Please go ahead. Thank you and welcome everybody to this call. I am, as usual, joined here by our CFO, Toby Lawson, and we will also, as usual, speak to a presentation that will later be available on our website. And following that presentation, we'll open up for questions. So starting off with the highlights for the quarter, it's a good start to the year. For sure, it's still a challenging market in many ways, but we deliver results. organic growth of 4% and an improved profitability. It's nice to see that the growth is driven by our focus on building what we call the champion categories, and we see the fastest growth in the quarter in the product area active with kids and dogs, where we have invested a lot during recent years and continue to fuel the growth with new products. While the absolute number still can be improved, North America is continuing in the right direction, despite the market being the most challenging in the space that we operate in. It's nice to see a good continued trend in the right direction. And it's also nice to see that we, again, are recognized for outstanding product design with many new design awards in Q1 2026. Turning to the financial overview. on page three. We, as mentioned, have organic growth and higher profitability in the quarter. Sales amounted to just short of 2.6 billion Swedish, with the organic growth being up 4%, 5% in Europe, which is pretty ...