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Thule Group AB (publ) (THUPY) Discusses Pre-Quarter Updat...
SA Transcripts · 2026-06-17 · via All Articles on Seeking Alpha

Thule Group AB (publ) (THUPY) Discusses Pre-Quarter Update, Growth in Champion Product Categories, and Recent Acquisition in Dog Transportation June 17, 2026 8:00 AM EDT

Company Participants

Mattias Ankarberg - CEO & President
Toby Lawton - Chief Financial Officer

Conference Call Participants

Daniel Schmidt - Danske Bank A/S, Research Division
Adela Dashian - Jefferies LLC, Research Division
Mats Liss - Kepler Cheuvreux, Research Division
Hai Huynh - UBS Investment Bank, Research Division
Johan Eliason - Sparebank 1 Markets AS, Research Division
Carl Deijenberg - DNB Carnegie, Research Division
Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division

Presentation

Operator

Welcome to the Thule pre-quarter 2 update. [Operator Instructions]. Now I will hand the conference over to the CEO and President, Mattias Ankarberg, and CFO, Toby Lawton. Please go ahead.

Mattias Ankarberg
CEO & President

Thank you, operator, and welcome, everybody, to this quarter update. We will speak to the presentation available. And as usual, we'll start with a short recap of the previous quarter. We'll talk about the current market situation and Thule priorities and then to sum up before Q&A.

Toby will cover some of the financial aspects for us to keep in mind right now. So -- and then, of course, we'll have a good time for a Q&A session at the end. So I'll kick it off, and we can turn to the next page, just to remind everybody where we left off after the Q1 call. First quarter of this year was a good start to the year for us. We did show organic growth in a market that is still challenging. And on top of that, we also improved profitability. It's nice to see that the growth we're delivering is coming from our focus on building what we now call champion product categories, both growing the existing champions, where we have continued to launch new products and drive sales and also fast growth in