Thule Posts Double Digit Gains in Q1
Comprehensive net income increased 24% in the first quarter to SEK412 million ($44.9 mm) from SEK331 million on sales that gained 14% to SEK1,834 million ($199.9 mm) from SEK1,611 million. Both periods benefitted from foreign exchange gains, and excluding comprehensive items, net income was up 15% to SEK253 million. Americas sales were up 11% to SEK428 million ($46.6 mm) on a reported basis but declined 1% ... Log in to view full article.