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Article Date: July 2021
Word Count: 191

Thule Q2 Pops as Demand Outstrips Supply


Net income more than doubled in the second quarter to SEK 672 million ($79.8 mm) against SEK 312 million, on revenues that were up 58% to SEK 3,229 million ($383.6 mm) from SEK 2,043 million, and gained 39% from Q2 ’19 as it struggled to keep up with demand. Americas sales increased 36% to SEK 783 million ($93.0 mm) and were up 53% constant currency, driven by very strong sport & cargo carrier sales supported by the booming bike market. The active with kids and RV products categories also performed well, and bag sales bounced ... Log in to view full article.

 


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