Thule Group has signed an agreement to acquire Quad Lock, a global market leader in performance phone mount solutions, giving cyclists, motorcyclists and other adventurers access to their mobile phones while being active. On sharing the news, Mattias Ankarberg, president and CEO of Thule Group stated: “We are taking Thule …
Read More »A different approach: Why Thule is partnering with IBDs on its Epos bike carrier
Thule launched the Epos bike carrier earlier this year with plans to distribute and sell solely through cycling stores. Daniel Blackham speaks to Paul Harrison, sales director UK & IRE, to hear how the product has been received. This piece first appeared in the November edition of BikeBiz magazine – …
Read More »Thule unveils new Epos bike rack, making transportation ‘easier than ever’
Thule has unveiled the Epos, the brand’s new fully foldable and tiltable towbar bike carrier. The product features a telescopic bike attachment system designed to transport bikes of any type or size – whether it is mountain bikes, gravel bikes or e-bikes. The core innovation of the Epos is the …
Read More »Thule reports ‘rapidly declining’ demand for bike-related products in third quarter
Thule Group has published its interim report for July to September 2022, reporting a 23% decline in third-quarter sales year-on-year. Net sales for the quarter amounted to SEK 2,139m. Adjusted for exchange rate fluctuations, sales declined 29.4%. Net sales for the first nine months of the year amounted to SEK …
Read More »BikeBiz’s guide to the latest cycle luggage
BikeBiz takes a look at the latest cycle luggage from some of the leading brands in the sector, including Ortlieb, Castelli, Zéfal, Thule, Deuter, Lezyne, ETC, Tern Bicycles, Passport, LifeLine, Topeak, Blackburn, Altura, Tailfin, Birzman, BBB, Vaude, Basil, M-Wave, Oxford and Muc-Off...
Read More »Thule Group presents new long-term financial goals and sustainability ambitions
The Thule Group has presented new long-term financial goals and sustainability ambitions, in connection with its presentation of Q1’s financial results. Net sales for the first quarter of 2021 amounted to SEK 2,538m (1,744), corresponding to an increase of 45.5%. Adjusted for exchange rate fluctuations, sales increased 56%. Operating income …
Read More »Thule Group sees 52% currency-adjusted growth in Q3
The Thule Group has reported currency-adjusted growth of 52% for the third quarter of 2020. This means the group has achieved a currency-adjusted sales increase of 7% for the first nine months of the year, said CEO and president Magnus Welander. Net sales for the quarter amounted to SEK 2,436 …
Read More »Thule reports “solid quarter” despite negative effects of COVID-19
Thule has reported a “solid quarter” for Q1 2020 despite the negative effects of COVID-19 as of mid-March, the company has said in its latest financial report. The group said it had started the year “very strong” with increased sales, improved profitability and more efficient use of capital. However, when …
Read More »BikeBiz’s guide to the latest cycle luggage
This month we take a look at the latest cycle luggage from some of the leading brands in the sector, including Zéfal, Thule, Serfas, Lifeline, Altura, Rixen Kaul, Tern Bicycles, SKS, Scicon Sports, Topeak, Evoc, Scott and Oxford Products Zéfal – Zéfal Z Adventure R11 Waterproof Saddlebag Distributor: Bob Elliot …
Read More »Lindqvist appointed Thule Group CFO
He will assume his new position by May 2020
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