”Long lead-times has led to that the inventory build-up of bike and bike related gear has escalated in the third quarter. Bike retailers around the world have, in general, as a consequence of having high inventory levels and with consumer uncertainty, chosen to be very restrictive with new orders. This has had a greater impact on
“Our view is that this is a temporary slow-down in the bike retail sector’s purchases compared to the exceptional record year 2021 and the extremely strong pre-season in the first quarter 2022. Underlying positive bike trends, with huge investments in infrastructure for bike commuting and recreational biking, as well as consumers’ positive view of bikes as a means of transport and recreation remain. As bike related products in 2021 represented almost half of the Thule Group’s sales, with high margins and a larger share of sales than normal in the second half of the year, the reduced sales volumes will also impact our profitability the coming nine months.”,
”As communicated at our Capital Markets Day in
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Invitation to analyst and investor call
For additional questions and comments about this trade update we refer analysts and investors to a webcasted meeting, where
The call will be held in English.
Date and time
Phone conference dial-in
From Sweden 010 884 80 16
From UK 020 3936 2999
From USA 1 855 9796 654
From other destinations +44 20 3936 2999
Use the code 323154 to reach the meeting.
Make sure you are connected to the conference call by calling in and registering well in advance of the start of the meeting.
Options for participants who want to ask questions after the presentation:
Press *1 to ask a question, *2 to withdraw your question or *0 for operator assistance.
Access via computer and web presentation
Link to the live broadcast
https://www.investis-live.com/thule-group/63174c155f6f080c00d18f18/psds
A transcript of the meeting will be available on the site a few days after the meeting.
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