Thule expects higher third-quarter margin while Thule stock costs EUR 17.30

Published on 10/02/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A USD 5.00 million tariff refund supports Thule's third-quarter margin. Thule stock costs EUR 17.30 on October 2, 2026.

SUV mit Dachbox und Fahrradträgern vor Bergpanorama, Symbolbild Outdoor-Ausrüstung — Thule Group AB SE0007158910 zeigt ein SUV mit Dachbox und Fahrradträgern vor Bergkulisse, Illustration mit AI erstellt.

Thule Group stock (ISIN SE0006422390) was trading at EUR 17.30 at Lang & Schwarz on October 2, 2026, at 2:59 p.m. CEST. The latest operating signal is a higher expected gross margin for the third quarter, supported by a USD 5.00 million refund of US import tariffs, according to MarketScreener on September 23, 2026.

Tariff refund supports margin

The refund gives Thule a one-time benefit in the third quarter, but the same update also identifies higher freight and raw material costs as pressure on profitability. Price increases introduced on August 1 are expected to offset part of that pressure, with their full effect arriving later in the quarter, MarketScreener reported.

North America was described as Thule's toughest market, while weaker European sales of caravans and motorhomes are expected to weigh on revenue. That combination makes the reported margin improvement more dependent on the tariff refund and pricing than on broad demand acceleration.

Q2 figures set the comparison

Thule reported revenue of SEK 3.421 billion and operating profit of SEK 756.0 million for the second quarter of 2026. Net income reached SEK 537.0 million in the same period, according to Affarsvarlden. Q2 revenue was higher than the SEK 2.573 billion reported for the first quarter of 2026, while operating profit rose from SEK 424.0 million.

Thule's investor page identifies the second-quarter interim report as the latest report, released on July 20, 2026, Thule Group states. The figures put the third-quarter margin commentary against a profitable operating base rather than a recovery from a loss.

Dividend date and stock context

October 2, 2026 is the ex-dividend date for a SEK 4.15 per-share distribution, according to MarketScreener. The next interim report is listed for October 22, 2026 by Affarsvarlden.

Separately from the euro reference price, the Nasdaq Stockholm quote stood at SEK 195.10 at 3:01 p.m. CEST on October 2, 2026, down SEK 1.40 from SEK 196.50. The same quote showed a 52-week range of SEK 185.10 to SEK 257.00 and market capitalization of SEK 21.0 billion.

The further course of trading is shown by the continuously updated real-time quote of Thule stock.