Thule Group (THULE.ST) Stock Price

Thule Group Price

OMX·CLOSED
218.00SEK-0.20 (-0.09 %)
Market closed

Revenue has compounded at 6.5% per year over the past 21 years to 10.43 B SEK. Earnings per share have grown at 24.7% per year over the last 12 years. Thule Group's net margin stands at 10.7%, down from 17.2% several years earlier. Thule Group currently offers a dividend yield of about 3.81%. The payout ratio is around 80% of earnings. The dividend has grown at 15.3% per year over the past 10 years. Analysts set a median price target of 285.60 SEK, implying 31.0% above the current price. Of 16 analysts, 13 rate the stock a buy — an overall Buy consensus. The stock trades about 14% above its 52-week low.

Thule Group stock price

Volume
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
8/6/2026218.00 SEK
8/5/2026218.20 SEK
8/4/2026221.20 SEK
7/31/2026218.80 SEK
7/30/2026224.20 SEK
7/29/2026224.60 SEK
7/28/2026221.00 SEK
7/27/2026218.40 SEK
7/24/2026216.00 SEK
7/23/2026213.40 SEK
7/22/2026213.60 SEK
7/21/2026213.80 SEK
7/20/2026213.60 SEK
7/17/2026219.80 SEK
7/16/2026221.60 SEK
7/15/2026213.00 SEK
7/14/2026208.00 SEK
7/13/2026205.60 SEK
7/10/2026205.40 SEK
7/9/2026203.00 SEK
7/8/2026202.40 SEK
7/7/2026207.40 SEK
7/6/2026207.00 SEK
7/3/2026207.40 SEK
7/2/2026206.00 SEK
7/1/2026204.20 SEK
6/30/2026206.00 SEK
6/29/2026204.20 SEK
6/26/2026207.60 SEK
6/25/2026206.20 SEK
6/24/2026203.60 SEK
6/23/2026198.00 SEK
6/22/2026200.00 SEK
6/18/2026206.80 SEK
6/17/2026213.40 SEK
6/16/2026212.20 SEK
6/15/2026221.80 SEK
6/12/2026212.80 SEK
6/11/2026209.80 SEK
6/10/2026209.40 SEK
6/9/2026211.40 SEK
6/8/2026210.20 SEK
6/5/2026216.60 SEK
6/4/2026212.80 SEK
6/3/2026212.00 SEK
6/2/2026213.00 SEK
6/1/2026216.80 SEK
5/29/2026219.60 SEK
5/28/2026220.00 SEK
5/27/2026227.60 SEK
5/26/2026226.60 SEK
5/25/2026232.80 SEK
5/22/2026226.00 SEK
5/21/2026227.60 SEK
5/20/2026227.80 SEK
5/19/2026228.60 SEK
5/18/2026232.20 SEK
5/15/2026235.80 SEK
5/13/2026234.40 SEK
5/12/2026230.00 SEK
5/11/2026237.00 SEK
5/8/2026239.80 SEK
5/7/2026240.60 SEK
5/6/2026243.20 SEK
5/5/2026228.20 SEK
5/4/2026226.80 SEK
4/30/2026228.80 SEK
4/29/2026224.60 SEK
4/28/2026234.00 SEK
4/27/2026235.40 SEK
4/24/2026234.00 SEK
4/23/2026244.60 SEK
4/22/2026242.80 SEK
4/21/2026246.80 SEK
4/20/2026242.60 SEK
4/17/2026248.00 SEK
4/16/2026237.20 SEK
4/15/2026235.00 SEK
4/14/2026231.20 SEK
4/13/2026227.40 SEK
4/10/2026227.20 SEK
4/9/2026222.40 SEK
4/8/2026222.20 SEK
4/7/2026214.60 SEK
4/2/2026207.41 SEK
3/27/2026190.95 SEK
3/26/2026195.90 SEK
3/25/2026193.15 SEK
3/24/2026196.76 SEK
3/23/2026197.61 SEK
3/20/2026199.06 SEK
3/19/2026200.80 SEK
3/17/2026208.40 SEK
3/16/2026209.54 SEK
3/13/2026211.69 SEK
3/12/2026210.20 SEK
3/11/2026218.05 SEK
3/10/2026218.18 SEK
3/9/2026211.99 SEK
3/6/2026220.80 SEK
3/5/2026215.80 SEK
2/27/2026233.00 SEK
2/26/2026234.40 SEK
2/25/2026225.87 SEK
2/23/2026231.00 SEK
2/20/2026232.71 SEK
2/19/2026224.62 SEK
2/18/2026225.56 SEK
2/17/2026226.01 SEK
2/16/2026229.30 SEK
2/13/2026229.80 SEK
2/12/2026229.98 SEK
2/11/2026238.40 SEK
2/10/2026244.11 SEK
2/9/2026217.09 SEK
2/6/2026216.10 SEK
2/5/2026215.60 SEK
2/4/2026217.30 SEK
2/3/2026214.60 SEK
2/2/2026215.27 SEK
1/30/2026213.52 SEK
1/29/2026214.78 SEK
1/28/2026217.21 SEK
1/27/2026221.20 SEK
1/26/2026223.40 SEK
1/23/2026227.50 SEK
1/22/2026229.20 SEK
1/21/2026221.78 SEK
1/20/2026220.66 SEK
1/19/2026226.51 SEK
1/17/2026236.20 SEK
1/16/2026237.27 SEK
1/14/2026230.53 SEK
1/13/2026231.53 SEK
1/12/2026232.66 SEK
1/9/2026237.00 SEK
1/8/2026232.21 SEK
1/7/2026235.27 SEK
1/5/2026230.79 SEK
1/2/2026233.46 SEK
12/30/2025238.97 SEK
12/29/2025238.78 SEK
12/23/2025234.73 SEK
12/22/2025235.38 SEK
12/19/2025235.04 SEK
12/18/2025231.17 SEK
12/17/2025234.00 SEK
12/16/2025245.73 SEK
12/15/2025245.75 SEK
12/12/2025248.13 SEK
12/11/2025243.35 SEK
12/10/2025243.27 SEK
12/9/2025244.87 SEK
12/8/2025246.93 SEK
12/5/2025246.20 SEK
12/4/2025249.35 SEK
12/3/2025244.00 SEK
12/2/2025250.20 SEK
12/1/2025251.85 SEK
11/28/2025249.16 SEK
11/27/2025249.48 SEK
11/26/2025245.20 SEK
11/25/2025242.42 SEK
11/24/2025239.75 SEK
11/21/2025239.95 SEK
11/20/2025241.85 SEK
11/19/2025239.70 SEK
11/18/2025236.72 SEK
11/17/2025242.65 SEK
11/14/2025248.71 SEK
11/13/2025252.16 SEK
11/12/2025251.40 SEK
11/11/2025250.88 SEK
11/10/2025247.81 SEK
11/7/2025242.30 SEK
11/6/2025241.69 SEK
11/5/2025244.15 SEK
11/4/2025242.58 SEK
11/3/2025244.95 SEK
10/31/2025245.60 SEK
10/30/2025247.94 SEK
10/29/2025249.62 SEK
10/28/2025254.60 SEK
10/27/2025254.59 SEK
10/25/2025253.07 SEK
10/23/2025251.61 SEK
10/22/2025246.65 SEK
10/21/2025231.94 SEK
10/20/2025235.00 SEK
10/17/2025233.80 SEK
10/16/2025233.65 SEK
10/15/2025231.40 SEK
10/14/2025229.75 SEK
10/13/2025232.02 SEK
10/10/2025236.66 SEK
10/9/2025236.80 SEK
10/8/2025234.01 SEK
10/7/2025233.60 SEK
10/6/2025233.00 SEK
10/3/2025233.80 SEK
10/2/2025233.80 SEK
10/1/2025231.15 SEK
9/29/2025232.40 SEK
9/26/2025232.00 SEK
9/25/2025231.40 SEK
9/24/2025236.65 SEK
9/23/2025240.16 SEK
9/22/2025237.13 SEK
9/19/2025236.22 SEK
9/18/2025244.75 SEK
9/17/2025252.33 SEK
9/16/2025250.47 SEK
9/15/2025252.15 SEK
9/12/2025248.21 SEK
9/11/2025250.00 SEK
9/10/2025250.30 SEK
9/9/2025250.40 SEK
9/8/2025255.48 SEK
9/5/2025258.20 SEK
9/4/2025257.20 SEK
9/3/2025258.72 SEK
9/2/2025260.40 SEK
9/1/2025267.97 SEK
8/29/2025266.20 SEK
8/28/2025272.60 SEK
8/27/2025270.01 SEK
8/26/2025271.98 SEK
8/25/2025274.85 SEK
8/22/2025286.27 SEK
8/21/2025281.88 SEK
8/20/2025282.31 SEK
8/19/2025276.94 SEK
8/18/2025269.60 SEK
8/15/2025270.68 SEK
8/14/2025269.20 SEK
8/13/2025268.20 SEK
8/12/2025265.85 SEK
8/11/2025267.75 SEK
8/8/2025271.54 SEK
Access this data via the Eulerpool API
Get Free API Key

Thule Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
9.13 B SEK
1.51 B SEK
1.10 B SEK
Jan 1, 2024
9.54 B SEK
1.52 B SEK
1.12 B SEK
Jan 1, 2025
10.43 B SEK
1.64 B SEK
1.11 B SEK
Jan 1, 2026 (e)
10.54 B SEK
1.90 B SEK
1.25 B SEK
Jan 1, 2027 (e)
11.26 B SEK
2.03 B SEK
1.42 B SEK
Jan 1, 2028 (e)
11.90 B SEK
2.15 B SEK
1.59 B SEK
Jan 1, 2029 (e)
12.67 B SEK
2.29 B SEK
1.76 B SEK
Jan 1, 2030 (e)
12.96 B SEK
2.34 B SEK
0.00 SEK

Thule Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 1:02 PM
 
REVENUEB SEK
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB SEK
EBITB SEK
EBIT MARGIN%
NET INCOMEB SEK
NET INCOME GROWTH%
DIV.SEK
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
5.325.615.876.487.047.8310.3910.149.139.5410.4310.5411.2611.9012.6712.96
13.365.474.6510.428.5311.2432.68-2.39-9.924.489.311.056.815.696.512.29
38.5540.2241.1640.5040.1941.2540.0538.0640.9242.7045.9745.9745.9745.9745.9745.97
2.052.262.422.632.833.234.163.863.744.074.794.845.175.475.825.96
0.830.961.071.161.201.592.341.711.511.521.641.902.032.152.292.34
15.5117.0618.1717.9416.9820.3222.5316.8316.4815.9515.7318.0318.0318.0318.0318.03
0.440.680.710.840.881.171.791.281.101.121.111.251.421.591.76–
-417.1452.254.5918.395.5032.0553.52-28.77-13.802.09-0.7112.3013.4312.1210.43–
2.002.503.406.007.00–8.0013.009.209.978.308.308.598.89––
–25.0036.0076.4716.67––62.50-29.238.37-16.75–3.493.49––
100.00101.00102.10103.20103.20104.10104.60105.18105.70106.40107.80107.80107.80107.80107.80107.80
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.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
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
42.70 %
15.95 %
11.76 %
Jan 1, 2025
45.97 %
15.73 %
10.68 %
Jan 1, 2026 (e)
45.97 %
18.04 %
11.88 %
Jan 1, 2027 (e)
45.97 %
18.04 %
12.61 %
Jan 1, 2028 (e)
45.97 %
18.04 %
13.38 %

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.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
99.29 SEK
22.37 SEK
17.11 SEK
Jan 1, 2022
96.39 SEK
16.22 SEK
12.12 SEK
Jan 1, 2023
86.40 SEK
14.24 SEK
10.40 SEK
Jan 1, 2024
89.67 SEK
14.30 SEK
10.55 SEK
Jan 1, 2025
96.74 SEK
15.21 SEK
10.33 SEK
Jan 1, 2026 (e)
97.76 SEK
17.63 SEK
11.61 SEK
Jan 1, 2027 (e)
104.42 SEK
18.83 SEK
13.17 SEK
Jan 1, 2028 (e)
110.36 SEK
19.90 SEK
14.76 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

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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 of Thule Group was 107.8 M in 2025. This indicates how many shares Thule Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
104.60 M Stocks
Jan 1, 2022
105.18 M Stocks
Jan 1, 2023
105.70 M Stocks
Jan 1, 2024
106.40 M Stocks
Jan 1, 2025
107.80 M Stocks
Jan 1, 2026 (e)
107.80 M Stocks
Jan 1, 2027 (e)
107.80 M Stocks
Jan 1, 2028 (e)
107.80 M Stocks

Thule Group Dividend History

11 years of dividend payments

YearAnnual DividendYoY ChangePayments
20264.15SEKYTD—1×
May 12, 20264.15SEK 0.0%1/1
20258.30SEK↓ 16.8%2×
Apr 30, 20254.15SEK↑ 783.0%1/2
Oct 3, 20254.15SEK 0.0%2/2
20249.97SEK↑ 8.4%3×
20239.20SEK↓ 29.2%2×
202213.00SEK↑ 62.5%2×
20218.00SEK↑ 14.3%2×
20197.00SEK↑ 16.7%2×
20186.00SEK↑ 76.5%2×
20173.40SEK↑ 36.0%2×
20162.50SEK↑ 25.0%2×

Thule Group dividend history and estimates

In 2025, Thule Group paid a dividend amounting to 8.30 SEK. Dividend means that Thule Group distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
8.00 SEK
0.00 SEK
Jan 1, 2022
13.00 SEK
0.00 SEK
Jan 1, 2023
9.20 SEK
0.00 SEK
Jan 1, 2024
9.97 SEK
0.00 SEK
Jan 1, 2025
8.30 SEK
0.00 SEK
Jan 1, 2026 (e)
4.15 SEK
4.15 SEK
Jan 1, 2027 (e)
0.00 SEK
8.59 SEK
Jan 1, 2028 (e)
0.00 SEK
8.89 SEK

Thule Group dividend payout ratio

In 2025, Thule Group had a payout ratio of 80.32%. The payout ratio indicates the percentage of the company's profits that Thule Group distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
46.75 %
Jan 1, 2022
107.24 %
Jan 1, 2023
88.48 %
Jan 1, 2024
90.09 %
Jan 1, 2025
80.32 %
Jan 1, 2026 (e)
71.48 %
Jan 1, 2027 (e)
65.22 %
Jan 1, 2028 (e)
60.19 %

Current Thule Group forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
1.75 %
Buy
81.25 % (13)
Hold
18.75 % (3)
Sell
0.00 % (0)
12M Price Target
285.60
Last Price
218.00
Currency
SEK
12M Return Potential
31.01 %
LTM Return
0 %

Thule Group Earnings Calls

2025

Thule Group Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/25/20243.87SEK-2.66 BSEK-2024 Q1
2/8/20240.78SEK-1.85 BSEK-2023 Q4
7/19/20235.57SEK-3.11 BSEK-2023 Q2
4/24/20233.57SEK-2.67 BSEK-2023 Q1
2/10/20230.25SEK-1.59 BSEK-2022 Q4
10/27/20221.83SEK-2.21 BSEK-2022 Q3
7/21/20226.13SEK-3.45 BSEK-2022 Q2
4/26/20224.98SEK-3.00 BSEK-2022 Q1
2/9/20221.58SEK-1.84 BSEK-2021 Q4
10/22/20214.48SEK-2.72 BSEK-2021 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
...

Thule Group Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.8%
Float Shares
-
Shares Outstanding
-

Thule Group Executives and Management Board

17 members · avg. age 53 · 35 % women

MA

Mr. Mattias Ankarberg (49)

President, Chief Executive Officer · since 2018

15.21 M SEK

Management

TL

Mr. Toby Lawton (50)

Chief Financial Officer

–
CP

Ms. Catharina Paulcen (52)

Senior Vice President, Corporate Communications and Investor Relations

–
HD

Ms. Helena Dino (58)

Senior Vice President Human Resources

–
HH

Mr. Hilary Hartley (58)

Senior Vice President - Global Business Development

–
DL

Mr. Daniel Larsson (50)

Senior Vice President - Commercial

–
KM

Mr. Karl-Johan Magnusson (53)

Senior Vice President - Product Development

–

Board of Directors

HE

Mr. Hans Eckerstroem (53)

Independent Chairman of the Board

1.53 M SEK
HW

Ms. Helene Willberg (58)

Independent Director

715,000.00 SEK
SM

Ms. Sarah Mcphee (71)

Independent Director

556,000.00 SEK
AJ

Mr. Anders Jensen (48)

Independent Director

449,000.00 SEK
JW

Mr. Johan Westman (52)

Independent Director

449,000.00 SEK
PG

Mr. Paul Gustavsson (59)

Independent Director

379,000.00 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.

Thule Group AB is primarily active in the outdoor and recreational industry.

The main competitors of Thule Group AB in the market are Yakima Products, Inc., Saris Cycling Group, Inc., and Curt Manufacturing, LLC.

Thule Group AB, a renowned Swedish company, has an illustrious history and background. Established in 1942, Thule Group initially specialized in manufacturing roof racks for cars. Over the years, the company expanded its product range to include various outdoor and transportation solutions. Today, Thule Group is a global leader in designing and manufacturing premium products for active lifestyles. With a rich heritage spanning over seven decades, Thule Group has consistently delivered innovative and high-quality solutions for outdoor enthusiasts and urban adventurers alike. The company's commitment to customer satisfaction and relentless pursuit of excellence has earned it a strong reputation in the industry.

Thule Group AB, a renowned company in the stock market, has achieved various significant milestones to cement its position in the industry. With a rich history spanning several decades, Thule Group AB has successfully expanded its product portfolio and global presence. By introducing innovative and high-quality products, they have garnered a strong customer base globally. Thule Group AB's milestones include continuous revenue growth, successful acquisitions, and strategic partnerships. Their commitment to sustainability and environmental responsibility has also gained recognition. These milestones have solidified Thule Group AB's reputation as a leading player in the industry, driving its continual success and growth.

Thule Group AB is primarily present in various countries and regions worldwide. As a global company, Thule Group operates across Europe, North America, South America, Asia-Pacific, and Africa. With its headquarters in Sweden, Thule Group has a strong presence in Scandinavian countries like Norway, Denmark, Finland, and Iceland. Additionally, it has established a significant presence in key European markets such as Germany, France, Italy, Spain, and the United Kingdom. In North America, Thule Group has a strong market presence in the United States and Canada. Moreover, the company has expanded its reach to emerging markets in Asia-Pacific, including China, Japan, India, Australia, and New Zealand. Thule Group AB's global reach enables it to cater to customers' needs across various countries and regions.

Thule Group AB represents a set of core values and a corporate philosophy that define its identity. The company strongly values innovation, quality, and sustainability. Thule Group AB promotes a customer-centric approach by continuously developing and improving their products to meet the evolving needs of outdoor enthusiasts. They aim to inspire active lifestyles and facilitate the exploration of the world with their range of products. With a focus on safety and durability, Thule Group AB ensures that their offerings provide trusted solutions for transporting gear and equipment. The company's commitment to environmental responsibility is also reflected in their efforts to minimize their carbon footprint and promote sustainable manufacturing practices.

Analysts currently set an average price target of 283.41 SEK for the Thule Group stock (median: 285.60 SEK), implying +30.0 % versus the latest price. The consensus is based on 16 analyst ratings.

Thule Group Analyst Price Targets 2026

16 analysts currently rate the Thule Group stock: 13 recommend buying, 3 holding and 0 selling. For 2026, analysts expect Thule Group to generate revenue of 10.54 B SEK and earnings per share of 11.61 SEK.

Thule Group Analyst Price Targets 2026

Converted at the current exchange rate, the Thule Group share trades at 19.90 EUR (218.00 SEK).

The Thule Group share (THULE.ST) is listed on 7 stock exchanges, including: Frankfurt (TU0.F), München (TU0.MU), Düsseldorf (TU0.DU), London (0R3W.L).

The Thule Group AB is a Swedish manufacturer of outdoor equipment with a global presence. The company was founded in 1942 and specializes in the development and production of solutions for the transportation of equipment and luggage. Their product range includes roof boxes, bike carriers, strollers, backpacks, and many other innovative products that support freedom and excitement in the outdoors. The Thule Group is a globally positioned company with dedicated operations in over 50 countries. Their products are sold in more than 140 countries through mail-order retailers, specialty stores, and online through the Thule website. The company encompasses the business areas of Outdoor and Water, as well as Baby and Active. They rely on three pillars to ensure that their customers receive outdoor equipment of the highest quality: passion, quality, and innovation. The Outdoor and Water division includes products such as bike carriers, roof boxes, ski carriers, rooftop tents, canoe and kayak carriers, as well as backpacks and travel bags. All their products focus on optimizing storage space on vehicles to be able to transport more equipment. With these systems, Thule enables customers to experience outdoor adventures throughout the year, regardless of the season or weather. The Baby division offers durable and high-quality strollers, baby sleeping bags, travel cribs, and bicycle trailers. These products are specifically designed for young parents who want to provide their families with active and healthy outdoor activities. The products are constantly being developed to meet the needs of parents. The Active division focuses on outdoor enthusiasts who want to experience active adventures without sacrificing comfort. Products such as hammocks, picnic blankets, camping chairs and tables, and much more are designed for outdoor enthusiasts to fully enjoy nature. What customers appreciate about Thule is the use of high-quality materials and the craftsmanship that goes into each product. Thule stands for quality and customer satisfaction, which is ultimately reflected in the price. The company invests in research and development to develop products that meet the needs of the outdoor community and satisfy customers. In summary, the Thule Group AB is a company that focuses on the production of innovative outdoor equipment. By expanding their product portfolio into various business areas and manufacturing products of the highest quality, Thule has established itself as a leading company in the outdoor market. Thule stands for passion, quality, and innovation and is the ideal partner for outdoor enthusiasts who value functional and durable products.

The expected revenue of Thule Group is 10.54 B SEK. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Thule Group is 1.25 B SEK. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Thule Group is currently 18.77. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Thule Group stock.

The price-to-sales ratio (P/S) of Thule Group is currently 2.23. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Thule Group stock.

The Eulerpool Quality Score for Thule Group is 6/10.

The ISIN of Thule Group is SE0006422390. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Thule Group is A12FTD. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Thule Group is THULE.ST. The ticker symbol is used to trade Thule Group shares on the stock exchange.

Over the past 12 months, Thule Group paid a dividend of 8.30 SEK . This corresponds to a dividend yield of about 3.81 %. For the coming 12 months, Thule Group is expected to pay a dividend of 8.59 SEK.

The current dividend yield of Thule Group is 3.81 %.

Thule Group pays a dividend, distributed in the months of , , , .

Thule Group paid dividends every year for the past 5 years.

For the upcoming 12 months, dividends amounting to 8.59 SEK are expected. This corresponds to a dividend yield of 3.94 %.

Thule Group is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Thule Group from amounting to 4.15 SEK, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Thule Group distributed 9.97 SEK as dividends.

The dividends of Thule Group are distributed in SEK.

All fundamentals and in-depth analysis of Thule Group

Our stock analysis for Thule Group 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Thule Group Stock
Thule Group Revenue→
Thule Group Stock
Thule Group Net Income→
Thule Group Stock
Thule Group P/E→
Thule Group Stock
Thule Group P/S→
Thule Group Stock
Thule Group EBIT→
Thule Group Stock
Thule Group Dividend→
Thule Group Stock
Thule Group Directors Dealings→
Thule Group Stock
Thule Group Stocks→
Thule Group Stock
Thule Group Market capitalization→
Thule Group Stock
Thule Group Debt→
Thule Group Stock
Thule Group Liabilities→
Thule Group Stock
Thule Group Equity→
Thule Group Stock
Thule Group AAQS→
Thule Group Stock
Thule Group Employees→
Thule Group Stock
Thule Group ROE→
Thule Group Stock
Thule Group ROA→
Thule Group Stock
Thule Group ROCE→
Thule Group Stock
Thule Group News→
Thule Group Stock
Thule Group Analyst Price Targets→

Cyclical consumption Stocks

Thunder TigerThredUpTianjin Jinrong Tianyu Precision MachineryThor IndustriesTianjin Motor Dies CoThong Nhat Rubber JSCTianjin Pengling Group CoThomas Scott (India)Tianli International HoldingsThomas Cook (India)Tianneng Battery Group CoThob Al Aseel Company SJSCAll Stocks A–Z →