Thule’s New Categories Drive Q2 Growth, but N.A. Lags
Net income increased 5% in the second quarter to SEK 537 million ($57.3 mm) from SEK 512 million, as revenues inched up 1% to SEK 3,421 million ($365.1 mm) from SEK 3,403 million and would have increased 3% in constant currency. The small Active with Kids & Dogs category grew 6% to SEK 431 million, Bags & Mounts increased 2% to SEK 602 million, and RV Products were 3% higher at SEK 521 million. But the large Sport & Cargo Carriers group dipped 2% to SEK 1,867 million. Gross margin expanded ... Log in to view full article.