Thule Has a Solid Start to 2021
Net income for the first quarter was up 85% to SEK 447 million ($53.3 mm) from SEK 241 million on revenues that increased 46% to SEK 2,538 million ($302.6 mm) from SEK 1,744 million. Americas sales jumped 59% to SEK 621 million ($74.0 mm) and were up 83% constant currency, as Thule worked to catch up with is order backlog here. Most of the gains came from sport & cargo carriers, and bike rack sales and the Active with Kids category were also strong. Bag sales were down overall on the lingering effects from the pandemic, but sport bag sales ... Log in to view full article.