Thule Group AB (publ) (THULE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everybody, to this Q2 call. I am, as usual, joined here by our CFO, Toby Lawton. We'll be talking to a presentation available on the screen and later on also on our website. And as usual, we will follow up with a Q&A session after the presentation. So starting with highlights on page two, it's nice to see that the positive development that we saw in Q1 continues also in the second quarter, which is our peak season and our biggest quarter. We see continued both organic growth and increased profitability. And as you may be aware, we are very focused on growing what we call champion product categories, product categories where Thule is the global market leader and can out-innovate competition with new products. And it's nice that that continues to give results, as does the efficiency agenda that we are driving. In the quarter, we see growth in all of the four product areas that we report, with the fastest growth coming from Active with Kids and Dogs, just as in Q1. And as also announced earlier in May, we have made a small acquisition in the quarter of a company called Curly, which is a leader in premium dog harnesses. Turning to page three, the financial overview. As mentioned, we saw both organic growth and increased profitability also in Q2. For the quarter, sales amounted to just over 3.4 billion and 2.5% organic growth. We continue to see a market where both consumers and retailers are cautious, both in North America. So it's nice to see the organic growth coming through even despite that backdrop. And as a continuation of trends, also Europe continues to be strong for us, growth of 4% in the quarter. North America is the toughest spot with the minus 2%. where we are making good progress on the agenda that we are driving, but it's also the toughest market ...