Thule Group AB (publ) – Special Call

Operator

Hello, everyone, and thank you for joining the Thule Group Investor Meeting. My name is Gaby, and I will be coordinating your call today. [Operator Instructions] I will now hand over to your host, Mattias Ankarberg, CEO and President of Thule Group. Please go ahead.

Mattias Ankarberg
CEO & President

Thank you very much, and welcome, everybody, to this call. I’m joined today with — by Catharina Paulcén, our Head of Corporate Communications and Investor Relations; and our CFO, Toby Lawton, was also supposed to join the call. He is on a flight that is very delayed and he might be able to join for the Q&A session later on. We will speak to the brief presentation, and we will today cover what’s going on at Thule during the summer and the last period. We’ll talk about the current market situation, and we’ll talk about our priorities going forward. And of course, we will follow that with a Q&A session as well.

Very briefly on Page 2, this shows the long-term financial development. And as a reminder, the last quarter, second quarter of 2025, we had the headline that Thule was growing in a tough market. It was a tough consumer market in many aspects, particularly in North America. Still, we delivered a modest organic growth of 1.5% in Q2 and reported total growth of 10% in the second quarter with a quite substantial negative currency effect of minus 6% in