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Article Date: July 2019
Word Count: 157

Thule Q2 Sales Boosted by Foreign Exchange


Comprehensive net income slipped 20% to SEK 416 million ($44.1 mm) from SEK 517 million in the second quarter on 7% higher revenues of SEK 2,311 million ($244.7 mm) vs. SEK 2,155 million, but were up just 3% constant currency as the krona weakened against the dollar and Euro. Gross margin contracted 10 basis points to 42.1%, and SG&A increased SEK 30 million, or 10 b.p. as a percent of sales. The bottom line included a SEK 135 million ... Log in to view full article.

 


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