contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


thule-establishes-mtn-program-and-publishes-prospectus

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Thule Group is a manufacturing company focused on the development, manufacture and distribution of products for transportation and outdoor activities. The company's products include car towing systems, bicycle carriers and suitcases. The business is global with a primary presence in Europe, North America and Asia. Thule Group was founded in 1942 and is headquartered in Malmö.

Here is a shorter version of Nordea’s analysis, updated on Feb 11th. The target price has been revised slightly upwards, and the buy recommendation remains.

This apparently isn’t being followed very actively on the forum anymore. I’ve had Thule in and out of my portfolio every now and then, and currently hold a position of just under a thousand shares. My average price is around 220 SEK, and my expectations for the share price during the current period are closer to 300 SEK. Today the company published its Q4 report, and the share was up 14% at the end of the day. Here is a summary of the Q4 report: Q4 Q4 revenue was 1,835 MSEK (1,678), which corresponds to a 9.4 percent increase. Of this, 19.9 percent came from acquisitions and the impact of currency fluctuations was negative, -10.4 percent. Organically, sales remained unchanged.  The quarter’s gross margin rose to 44.9 percent (41.6).  The quarter’s operating profit was 83 MSEK (−35), which corresponds to an operating margin of 4.5 percent (−2.1). Adjusted operating profit was 83 MSEK (65), which corresponds to an operating margin of 4.5 percent (3.8).  Net income for the quarter was 21 MSEK (−37). Earnings per share before dilution was 0.20 SEK (−0.35).  Cash flow from operating activities during the quarter was 54 MSEK (386). The Board proposes a dividend of 8.30 SEK per share (8.30). Full Year Full-year revenue was 10,429 MSEK (9,541), which corresponds to a 9.3 percent increase. Of this, 15.4 percent came from acquisitions and the impact of currency fluctuations was −4.8 percent. Organic sales decreased by 1.3 percent.  The full-year gross margin rose to 46.0 percent (42.7).  Full-year operating profit was 1,640 MSEK (1,522), which corresponds to an operating margin of 15.7 percent (15.9). Adjusted operating profit was 1,671 MSEK (1,622), which corresponds to an operating margin of 16.0 percent (17.0).  Full-year net income was 1,114 MSEK (1,122).  Earnings per share before dilution was 10.33 SEK (10.59).  Cash flow from operating activities for the full year totaled 1,132 MSEK (2,310).

Is anyone still following this? My own alerts went off when, from a TA perspective, the price is starting to be at an interesting level. Have Trump’s tariffs caused the stock price to fall?

Korona aikaan tuotteet vietiin lähes käsistä, nyt hinnat nousseet jäätävästi ja esim. halvemman segmentin telineet ja boksit poistuneet valikoimasta. Thule voi olla paha kärsijä taantuman nostaessa päätään.

Alkaa olemaan arvostus houkutteleva. Toisaalta niin on monessa muussakin yhtiössä. Pyörien ja suksien kuljetuksessa ainoa relevantti vaihtoehto. Vähänkään enemmän pyörää kuljettavat eivät muita vaihtoehtoja edes mieti.

Thule Group              Trading update on the impact of the current market situation within the bike...    Trading update on the impact of the current market situation within the bike retail sector                             Thulelta negari. Kurssi treidaa ennen korona tasoa. Samankailtainen tilanne kuin muillakin koronahyötyjillä. Sijoittajan on vaikea arvioida tulevaisuuden tulostasoa. Onko ketään alan asiantuntijaa, tai pyöräilyn harrastajaa foorumilla?

Mielenkiintoinen avaus. Tuotteet ja brändi on hyvät omastakin kokemuksesta, liiketoiminta vakaata, ennustettavaa ja kannattavaa. Oman pääoman tuotto ollut useamman vuoden luokkaa 20%, vapaa kassavirta kasvanut samaa tahtia tuloksen kanssa ja muutenkin pikaisella silmäyksellä vaikuttaa oikein laatuyhtiöltä. Harmi vain, että hinta on vuoden aikana karannut omaan makuuni turhan korkeaksi poikkeuksellisen hyvän kasvuvuoden myötä. Historiassa liikevaihto kasvanut ~8% vuositahtia, ja vastaavan liikevaihto-/tuloskasvun voisi kuvitella jatkuvan tulevaisuudessakin, kun yhtiö itsekin tavoittelee vain >5% vuosikasvua. Osinkotuotto ~2%. Jos olettaa vuosikasvun jatkuvan 8% ja arvostuksen pysyvän samana, olisi sijoittajan vuosituotto 10% PE viime vuoden tuloksella 34,5. Jos 2021 kasvaa 8%, niin PE 2021 32,0. EIkö näihin ole jo ladattu vähän kovemmat kasvuodotukset, vai olenko ihan pihalla järkevästä arvostuksesta? Samaan aikaan Helsingistä saa melkein PE 20 hinnalla vastaavaa oman pääoman tuottoa tekevää Kamuxia, jonka tarkoitus on kasvaa 20% vuodessa.

Thule Group

Thule Group AB (publ) has established a medium-term note program with a framework amount of SEK 5,000,000,000 (or the equivalent amount in EUR) to enable the issuance of unsecured bonds with...

<div class="mfn-preamble">Thule Group AB (publ) has established a medium-term note program with a framework amount of SEK 5,000,000,000 (or the equivalent amount in EUR) to enable the issuance of unsecured bonds with a maturity of at least one year and a nominal amount of at least EUR 100,000 (or the equivalent in SEK)</div><div class="mfn-body">For the MTN program, Thule has prepared a base prospectus, which has today been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The base prospectus is available on Thule's website and on the website of the Swedish Financial Supervisory Authority.Danske Bank A/S, Denmark, Sverige filial has been appointed as arranger of the MTN program and will, together with DNB Carnegie Investment Bank AB (publ), Nordea Bank Abp and Swedbank AB (publ), act as dealers. Advokatfirman Vinge KB has acted as legal counsel.“The introduction of the MTN program is a natural next step in Thule’s financing strategy. It provides us with flexibility and diversifies our funding base to support sustainable long-term value creation.” says Toby Lawton, CFO of Thule Group.</div><div class="mfn-footer mfn-cfa711f94b1a"><hr>ContactsToby Lawton&nbsp; CFO&nbsp; Phone: +46 70 242 29 47&nbsp; Email: toby.lawton@thule.com&nbsp;&nbsp;Catharina Paulcén&nbsp; SVP Corporate Communications and Investor Relations&nbsp; Phone:+46 73 665 45 74&nbsp; Email: Catharina.Paulcen@thule.com&nbsp;&nbsp;</div><div class="mfn-footer mfn-about mfn-3d8b2fc4095a"><hr>About Thule Group Thule is a global sports and outdoor company. We offer high-quality products with smart features and a sustainable design that make it easy for people across the globe to live an active life. Under the motto Bring your Life – and with a focus on consumer-driven innovation and long-term sustainability – we develop, manufacture and market products within the product categories Sport &amp; Cargo Carriers (roof racks, roof boxes and carriers for transporting cycling, water and winter sports equipment, and rooftop tents mounted on a car), Active with Kids &amp; Dogs (car seats, strollers, bike trailers, child bike seats and dog transport), RV Products (awnings, bike carriers and tents for RVs and caravans) and Bags &amp; Mounts (backpacks, luggage and performance mounts).Thule Group has about 3,000 employees at nine production facilities and 35 sales offices worldwide. The Group’s products are sold in 138 markets and in 2025, sales amounted to SEK 10.4 billion. www.thulegroup.com</div><div class="mfn-footer mfn-attachment mfn-attachment-general"><hr>Attachments <a rel="noopener" href="https://storage.mfn.se/13054ccf-f123-492c-8318-e8c8a6a8fb23/thule-establishes-mtn-program-and-publishes-prospectus.pdf" class="mfn-generated mfn-primary">Thule establishes MTN program and publishes prospectus</a></div>