Thule

Fourth Quarter

• Net sales for the quarter amounted to SEK 1,678m (1,566), corresponding to an increase of 7.2 percent, of which 6.8 percent came from acquisitions, -0.6 percent organically and 1.0 percent from exchange rate fluctuations.
• Operating result for the quarter amounted to SEK -35m (53). Adjusted operating income (excluding transaction costs of SEK 100m in the fourth quarter of 2024 attributable to the acquisition of Quad Lock) amounted to SEK 65m, corresponding to a margin of 3.8 percent (3.4).
• Net income for the quarter amounted to a loss of SEK 37m (income: 24).
• Earnings per share before dilution amounted to SEK -0.35 (0.23) for the quarter.
• Cash flow from operating activities totaled SEK 386m (276) for the quarter.
• The acquisition of Quad Lock, the global market leader in performance phone mount solutions, was completed on December 4.
• The Board of Directors proposes a dividend of SEK 8,30 per share (9.50) which, based on the number of shares outstanding on February 7, 2025, corresponds to a dividend of SEK 895m (1,004).

Full year

• Net sales for the full year amounted to SEK 9,541m (9,132), corresponding to an increase of 4.5 percent, of which 1.2 percent came from acquisitions, 3.5 percent from organic growth and -0.2 percent from exchange rate fluctuations.
• Operating income for the full year amounted to SEK 1,522m (1,505). Adjusted operating income amounted to SEK 1,622m (1,505), corresponding to an operating margin of 17.0 percent (16.5).
• Net income for the full year amounted to SEK 1,122m (1,099).
• Earnings per share before dilution amounted to SEK 10.59 (10.45) for the full year.
• Cash flow from operating activities totaled SEK 2,310m (1,850) for the full year.