Thule Q3 Results Buoyed by Europe
Net income skyrocketed 91% to SEK 262 million ($24.2 mm) in the third quarter against SEK 137 million, on revenues that grew 8% to SEK 2,311 million ($213.8 mm) from SEK 2,139 million, primarily driven by strong demand in Europe. Americas sales declined 14% (-15% CC) to SEK 622 million ($57.5 mm), as bike-related products sales rebounded, albeit at a lower rate than in Europe. Inventories at major retailers approached healthier levels, but smaller ones ... Log in to view full article.
