Despite weakness in consumer confidence, the Swedish outdoor equipment manufacturer is guiding for green arrows in organic, constant-currency growth, driven by new product launches, with a roughly 200 b.p. negative impact from ForEx on reported results. In a pre-Q2 investor call, Thule said North America remains its toughest market, but the recently introduced N.A.-specific Vero bike carrier has turned in strong initial results. The premium Epos ParkSecure bike carrier and entry-level roof box Pulse 2 have also seen strong debuts.

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