Thule Group AB (PUBL) (Otcppk: thlpf) Q2 2025 Conference Conference Call July 15, 2025 3:30 am ET
Company participants
Mattias Ankarberg – Coo & President
Toby James Lawton – Chief Financial Officer
Conference participants
Adela Abdenian Dashian – Jefferies LLC, Research Research
Agnieszka Vilela – Nordea markets, research division
CARL DEIJENBERG – Carnegie Investment Bank AB, Division of Research
Daniel Schmidt – Danske Bank A / S, Research Division
Fredrik Iversson – Abg Sundal Collier Holding Where, Research Research
Gustav Hagéus – Seb, Research Division
Mats Liss – Kepler Cheuvreux, Research Research
Operator
Good morning, all, and thanks for joining us in Thule Group Interim Ireport Q2. My name is Karl and I am the coordinator for calling now. (Operator instructions)
I want to hand in President and CEO, Metiesan Ankarberg. Yours the floor.
Matias Ankarberg
Thank you very much. Happy arrival, everything, so far. I too, as usual, along with Toby Lawton, our CFO. We will talk to the presentation, and it will later use our IR website regularly.
So starting with the summary of page 2. This quarter is a quarter where we grow even if the market is more than reported currency in Sep 3.4 billion. That’s 16% more than last year, no money effects include.
We continue to see a weak market, in the retail and side of the consumer and especially in North America. In a positive note, it doesn’t get worse, but it’s harder, and we’ll get back to it.
Organic growth is small, plus 1.5% of the quarter. Europe comes with 4% and North America falls 3%, we are, of course, not happy about, but it’s a big progress against the development of the first quarter, which we
