Thule tops STOXX as Q4 figures exceed forecasts
Shares in Thule THULE.ST surge close to 13% after the Swedish maker of outdoor leisure equipment delivered better than expected quarterly results
The group posts Q4 revenue of 1.86 billion Swedish crowns ($208.15 million), beating the 1.78 million crown forecast by analysts' polled by LSEG
"With both sales and EBIT ahead of expectations and clear evidence of cost discipline, we view the print as supportive and expect a positive share price reaction," Jefferies says in a note
The brokerage points out that Europe continued to outperform a still‑weak North America, and expects investor focus to be on the pace of North American normalization and retailer restocking as key catalysts for further upside
Thule shares, on track for their best day since October 2024, top pan-European STOXX 600 .STOXX index
($1 = 8.9358 Swedish crowns)
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