Thule Results Slip on Quad Lock Acquisition
The bottom line swung to a loss of SEK 37 million ($3.4 mm) in the fourth quarter, hit by costs related to the acquisition of Quad Lock, against a profit of SEK 24 million as revenues ticked up 7% to SEK 1.678 million ($155.7 mm) from SEK 1,566 million. Gross margin improved 440 basis points to 41.6%, driven by product mix and the acquisition of Quad Lock. Americas sales inched ... Log in to view full article.
