Thule Group (THULE.ST) Stock Price

Thule Group Price

🇸🇪OMX·CLOSED
209.40SEK
Market closed
Today +/-
Today %

Thule Group (THULE.ST) Stock | ISIN SE0006422390 | WKN A12FTD. The current Thule Group stock price is 209.4 SEK (2026). Revenue is 10.97 B SEK. Net income is 1.38 B SEK. The P/E ratio is 16.38. Market capitalization is 22.57 B SEK. Thule Group operates in the Cyclical consumption sector.

Thule Group stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Thule Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Thule Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Thule Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Thule Group Stock Price History
DateThule Group Price
Access this data via the Eulerpool API

Thule Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2011
4.12 B SEK
533 M SEK
220 M SEK
Jan 1, 2012
4.36 B SEK
542 M SEK
268 M SEK
Jan 1, 2013
4.33 B SEK
525 M SEK
61 M SEK
Jan 1, 2014
4.56 B SEK
644 M SEK
-140 M SEK
Jan 1, 2015
5.32 B SEK
837 M SEK
444 M SEK
Jan 1, 2016
5.3 B SEK
922 M SEK
676 M SEK
Jan 1, 2017
5.87 B SEK
1.07 B SEK
707 M SEK
Jan 1, 2018
6.48 B SEK
1.16 B SEK
837 M SEK
Jan 1, 2019
7.04 B SEK
1.2 B SEK
883 M SEK
Jan 1, 2020
7.83 B SEK
1.59 B SEK
1.17 B SEK
Jan 1, 2021
10.39 B SEK
2.34 B SEK
1.79 B SEK
Jan 1, 2022
10.14 B SEK
1.71 B SEK
1.28 B SEK
Jan 1, 2023
9.13 B SEK
1.51 B SEK
1.1 B SEK
Jan 1, 2024
9.54 B SEK
1.62 B SEK
1.12 B SEK
Jan 1, 2025
10.43 B SEK
1.64 B SEK
1.11 B SEK

Thule Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 4:06 PM
 
REVENUE (M SEK)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M SEK)
NET INCOME (M SEK)
NET INCOME GROWTH (%)
DIV. (SEK)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Thule Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Thule Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Thule Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Thule Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Thule Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Thule Group stock margins

The Thule Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Thule Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Thule Group.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2011
37.85 %
12.93 %
5.34 %
Jan 1, 2012
38.01 %
12.43 %
6.14 %
Jan 1, 2013
37.31 %
12.12 %
1.41 %
Jan 1, 2014
39.84 %
14.14 %
-3.07 %
Jan 1, 2015
38.61 %
15.73 %
8.35 %
Jan 1, 2016
41.37 %
17.38 %
12.75 %
Jan 1, 2017
41.16 %
18.17 %
12.04 %
Jan 1, 2018
40.5 %
17.94 %
12.91 %
Jan 1, 2019
40.2 %
16.98 %
12.55 %
Jan 1, 2020
41.25 %
20.32 %
14.9 %
Jan 1, 2021
40.05 %
22.53 %
17.23 %
Jan 1, 2022
38.06 %
16.83 %
12.58 %
Jan 1, 2023
40.92 %
16.48 %
12.03 %
Jan 1, 2024
42.7 %
17 %
11.76 %
Jan 1, 2025
45.97 %
15.73 %
10.68 %

Thule Group Stock Revenue, EBIT, Earnings per Share

The Thule Group earnings per share therefore indicates how much revenue Thule Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2011
41.22 SEK
5.33 SEK
2.2 SEK
Jan 1, 2012
43.62 SEK
5.42 SEK
2.68 SEK
Jan 1, 2013
43.31 SEK
5.25 SEK
0.61 SEK
Jan 1, 2014
53.04 SEK
7.5 SEK
-1.63 SEK
Jan 1, 2015
52.86 SEK
8.32 SEK
4.41 SEK
Jan 1, 2016
52.1 SEK
9.06 SEK
6.64 SEK
Jan 1, 2017
57.25 SEK
10.4 SEK
6.89 SEK
Jan 1, 2018
62.88 SEK
11.28 SEK
8.12 SEK
Jan 1, 2019
68.1 SEK
11.56 SEK
8.54 SEK
Jan 1, 2020
75.28 SEK
15.3 SEK
11.21 SEK
Jan 1, 2021
98.38 SEK
22.16 SEK
16.96 SEK
Jan 1, 2022
96.39 SEK
16.22 SEK
12.12 SEK
Jan 1, 2023
86.75 SEK
14.3 SEK
10.44 SEK
Jan 1, 2024
90.09 SEK
15.32 SEK
10.59 SEK
Jan 1, 2025
96.74 SEK
15.21 SEK
10.33 SEK

Thule Group business model & stock analysis

The Thule Group AB is a Swedish company with its headquarters in Malmö. It was founded in the 1940s and has since become one of the world's leading providers of products for the transportation of outdoor equipment, bicycles, and other cargo. The company has offices in over 50 countries and employs more than 4,000 people.

Thule Group SWOT Analysis

Strengths

Thule Group AB possesses several strengths that contribute to its success in the market. Firstly, the company has a strong brand image built on innovation, quality, and durability. This helps Thule in enhancing customer loyalty and attracting new consumers. Additionally, Thule has a wide range of product offerings in categories such as rooftop cargo carriers, bike racks, and luggage, providing it with a diversified revenue stream. The company also benefits from its extensive distribution network, allowing it to reach customers globally.

Weaknesses

Despite its strengths, Thule Group AB faces certain weaknesses that can hinder its growth. One such weakness is the company's dependency on external suppliers for raw materials and components. Any disruptions in the supply chain can impact Thule's production and distribution. Moreover, Thule has relatively higher production costs compared to its competitors, which can affect its pricing strategy and profitability. Lastly, the company may face challenges in entering new markets due to existing strong competitors.

Opportunities

Thule Group AB operates in an industry with several opportunities for growth. The increasing trend of outdoor activities and adventure tourism presents a favorable market for Thule's products. The company can also capitalize on the growing demand for eco-friendly and sustainable transportation solutions, offering products that are both functional and environmentally conscious. Furthermore, Thule has the opportunity to expand its market presence in emerging economies, where there is a rising middle class with higher disposable incomes.

Threats

Thule Group AB also faces various threats that may impact its business operations. Intense competition from both established companies and new entrants within the industry poses a threat to Thule's market share. Rapidly changing consumer preferences and trends require the company to continuously innovate and adapt its product portfolio. Additionally, economic uncertainties and fluctuations can affect consumer spending on non-essential products such as Thule's offerings. Lastly, political and trade tensions between countries can lead to disruptions in the global supply chain, impacting Thule's manufacturing and distribution processes.

Thule Group Eulerpool Fair Value

Thule Group historical P/E ratio, EBIT multiple, and P/S ratio

Thule Group annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Thule Group shares outstanding

The number of shares was Thule Group in 2025 — This indicates how many shares 107.8 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2011
100 M base_Shares
Jan 1, 2012
100 M base_Shares
Jan 1, 2013
100 M base_Shares
Jan 1, 2014
85.9 M base_Shares
Jan 1, 2015
100.63 M base_Shares
Jan 1, 2016
101.81 M base_Shares
Jan 1, 2017
102.56 M base_Shares
Jan 1, 2018
103.12 M base_Shares
Jan 1, 2019
103.35 M base_Shares
Jan 1, 2020
103.99 M base_Shares
Jan 1, 2021
105.57 M base_Shares
Jan 1, 2022
105.18 M base_Shares
Jan 1, 2023
105.27 M base_Shares
Jan 1, 2024
105.91 M base_Shares
Jan 1, 2025
107.8 M base_Shares

Thule Group Dividend History

11 years of dividend payments

YearAnnual DividendYoY ChangePayments
20264.15SEKYTD
May 12, 20264.15SEK 0.0%1/1
20258.3SEK 16.8%
Apr 30, 20254.15SEK 783.0%1/2
Oct 3, 20254.15SEK 0.0%2/2
20249.97SEK 8.4%
20239.2SEK 29.2%
202213SEK 62.5%
20218SEK 14.3%
20197SEK 16.7%
20186SEK 76.5%
20173.4SEK 36.0%
20162.5SEK 25.0%

Thule Group dividend history and estimates

In 2025, Thule Group paid a dividend amounting to 8.3 SEK. Dividend means that Thule Group distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2015
2 SEK
0 SEK
Jan 1, 2016
2.5 SEK
0 SEK
Jan 1, 2017
3.4 SEK
0 SEK
Jan 1, 2018
6 SEK
0 SEK
Jan 1, 2019
7 SEK
0 SEK
Jan 1, 2021
8 SEK
0 SEK
Jan 1, 2022
13 SEK
0 SEK
Jan 1, 2023
9.2 SEK
0 SEK
Jan 1, 2024
9.97 SEK
0 SEK
Jan 1, 2025
8.3 SEK
0 SEK
Invalid Date
4.15 SEK
4.15 SEK
Invalid Date
0 SEK
11.79 SEK

Thule Group dividend payout ratio

In 2025, Thule Group had a payout ratio of 87.45%. The payout ratio indicates the percentage of the company's profits that Thule Group distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2011
78.79 %
Jan 1, 2012
78.79 %
Jan 1, 2013
78.79 %
Jan 1, 2014
78.79 %
Jan 1, 2015
45.35 %
Jan 1, 2016
37.65 %
Jan 1, 2017
49.35 %
Jan 1, 2018
73.92 %
Jan 1, 2019
81.93 %
Jan 1, 2020
78.79 %
Jan 1, 2021
47.18 %
Jan 1, 2022
107.24 %
Jan 1, 2023
77.74 %
Jan 1, 2024
77.39 %
Jan 1, 2025
87.45 %
Price targets and forecasts for Thule Group are not yet available.

Thule Group Earnings Estimates

Thule Group Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/25/20243.87SEK2.66 BSEK2024 Q1
2/8/20240.78SEK1.85 BSEK2023 Q4
7/19/20235.57SEK3.11 BSEK2023 Q2
4/24/20233.57SEK2.67 BSEK2023 Q1
2/10/20230.25SEK1.59 BSEK2022 Q4
10/27/20221.83SEK2.21 BSEK2022 Q3
7/21/20226.13SEK3.45 BSEK2022 Q2
4/26/20224.98SEK3 BSEK2022 Q1
2/9/20221.58SEK1.84 BSEK2021 Q4
10/22/20214.48SEK2.72 BSEK2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Thule Group stock

79/100
67
Environment
99
Social
72
Governance
E

Environment

20
Scope 1 - Direct Emissions3,845
Scope 2 - Indirect emissions from purchased energy5,327
Scope 3 - Indirect emissions within the value chain201,932
Total CO₂ emissions9,172
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees44
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Thule Group shareholder structure

% Name
12.37995%
AMF Tjänstepension AB
AMF Tjänstepension AB
6.90912%
Swedbank Robur Fonder AB
Swedbank Robur Fonder AB
5.92962%
Handelsbanken Kapitalförvaltning AB
Handelsbanken Kapitalförvaltning AB
5.10204%
Alecta pensionsförsäkring, ömsesidigt
Alecta pensionsförsäkring, ömsesidigt
3.88059%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.36298%
Nordea Funds Oy
Nordea Funds Oy
3.2208%
ODIN Forvaltning AS
ODIN Forvaltning AS
3.07277%
SEB Investment Management AB
SEB Investment Management AB
3.03842%
Columbia Threadneedle Investments (UK)
Columbia Threadneedle Investments (UK)
2.6601%
Carnegie Fonder AB
Carnegie Fonder AB
...

Thule Group Executives and Management Board

MA

Mr. Mattias Ankarberg

(49)

President, Chief Executive Officer · since 2018

Compensation15.21 M SEK
HE

Mr. Hans Eckerstroem

(53)

Independent Chairman of the Board

Compensation1.53 M SEK
HW

Ms. Helene Willberg

(58)

Independent Director

Compensation715,000 SEK
SM

Ms. Sarah Mcphee

(71)

Independent Director

Compensation556,000 SEK
AJ

Mr. Anders Jensen

(48)

Independent Director

Compensation449,000 SEK

Frequently asked questions about Thule Group

The business model of Thule Group AB revolves around designing, manufacturing, and distributing a wide range of outdoor and transport solutions. Thule specializes in producing products such as roof racks, bike carriers, cargo carriers, and rooftop tents, catering to outdoor enthusiasts and active families. Thule Group AB focuses on innovation, quality, and functionality while aiming to enhance the overall enjoyment and convenience of outdoor activities. With a strong emphasis on sustainability, Thule Group AB delivers products that are versatile, durable, and environmentally friendly.

All fundamentals and in-depth analysis of Thule Group

Our stock analysis for Thule Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Thule Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.