Thule Bounces Back in Q3 after Lost Q2
Net income soared 148% in the third quarter to SEK 449 million ($50.6 mm) from SEK 181 million on 45% higher revenues of SEK 2,436 million ($274.7 million) against SEK 1,682 million that were up 52% constant currency. The top line benefitted from pent up demand carried over from Q2 along with the boom in bike sales, more than making up for the lost quarter and sending year-to-date sales up 7%. The Americas region was up 23% (+36% CC) to SEK 609 million ($68.7 mm) driven mostly by ... Log in to view full article.