Net sales for the quarter amounted to SEK 1,069m (980), corresponding to an increase of 9.2 percent. Adjusted for exchange rate fluctuations, sales rose 2.5 percent.
Operating income amounted to SEK 65m (44).Underlying EBIT1 was SEK 68m (48), corresponding to an increase of 42.7 percent and a margin of 6.4 percent (4.9).After adjustment for exchange rate fluctuations, underlying EBIT improved 0.2 percentage points.
Earnings per share before dilution amounted toSEK 0.36 (0.22).
Strategic focusing of the Group. The review of the Specialty segment has led to the decision to divest the toolboxes for pick-up trucks business in 2017.
Net sales for the full-year were SEK 5,611m (5,320) corresponding to an increase of 5.5 percent. Adjusted for exchange rate fluctuations, sales rose 4.9 percent.
Operating income totaled SEK 957m (825).Underlying EBIT1 amounted to SEK 970m (850), corresponding to an increase of 14.0 percent and a margin of 17.3 percent (16.0).After adjustment for exchange rate fluctuations, underlying EBIT rose 10.0 percent and the margin improved 0.8 percentage points.
Net income was SEK 676m (587).
Cash flow from operating activities totaled SEK 878m (662).
Earnings per share before dilution1 amounted toSEK 6.69 (5.87).
The Board of Directors proposes an ordinary dividend of SEK 3.40 per share, which corresponds to a dividend of SEK 344m calculated based on the number of outstanding shares at February 10, 2017. The proposed ordinary dividend will be paid in two instalments (SEK 1.70 in May and SEK 1.70 in October), and comprises 51 percent of earnings per share. The Board also proposes an extraordinary dividend of SEK 7.50 per share, corresponding to a dividend of SEK 758m, calculated based on the number of outstanding shares at February 10, 2017, to be distributed in May. Accordingly, the total proposed dividend is SEK 10.90 per share.
The full report is available at www.thulegroup.com
Conference call
A combined press- and analyst call with Magnus Welander, CEO and President, and Lennart Mauritzson, CFO, is scheduled for today, February 10, 2017, at 10:00 a.m. (CET).
The conference will be in English.
Information about the conference call is available at www.thulegroup.com
This information is information that Thule Group AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out below, at 07h45 a.m. CET on 10 February 2017.
Thule Group AB published this content on 10 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 February 2017 16:18:15 UTC.
Original documenthttp://www.thulegroup.com/en/content/year-end-report-fourth-quarter-october-december-2016
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Thule Group AB is a Sweden-based company engaged in the development and manufacture of sport, outdoor and cargo products. Its offering is divided in two business segments: Outdoor&Bags and Specialty. The Outdoor&Bags segment comprises three product categories: sport and cargo carriers, bags for electronic devices, and other outdoor and bags; as well as several product groups, namely bike and car carriers, water and winter carriers, camera bags, laptop cases, recreational vehicle products, roof racks, and sports and travel bags, among others. The Specialty segment comprises two product categories: work gear and snow chains; and such product groups as pick-up truck tool boxes, and professional and consumer snow chains. The Companyâs brands are Thule, Case Logic, Konig, UWS, TracRac and SportRac. Its products are sold to retailers, distributors and wholesalers and available in more than 130 countries. The Company is a subsidiary of Thule Group.
THULE GROUP AB 
