Thule Group AB (OMXSTO:THULE) delivered Q2 organic sales up ~2.5% with improved margins, SEK 4.98 adjusted EPS and stronger cash flow, driven by Europe despite softer North America, completed the Curli AG acquisition and plans Q3 price increases to offset higher raw material costs.
Previous Week Recap
- Thule Q2: Organic Growth, Strong Cash: Thule Group (THULE) Q2: organic sales up ~2.5%, adjusted EPS SEK 4.98, margins improved, cash flow stronger, Europe led growth, North America weaker, completed curli AG acquisition.
- Thule Plans Q3 Price Increases: Thule Group AB (THULE) says higher raw material costs raised input expenses and it will implement price increases in Q3 to offset those higher costs.
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