Thule Dips Into the Red in Q4
The bottom line swung to a loss of SEK 16 million ($1.5 mm) in the fourth quarter from a profit of SEK 154 million as revenues declined 11% to SEK 1,651 million ($153.9 mm) from SEK 1,846. Gross margin was down 220 basis points to 31.5%. Americas sales fell 21% to SEK 548 million ($51.1 mm) and were down 34% constant currency, as sales slowed ... Log in to view full article.
