Thule Group AB (publ) (THUPY) Discusses Business Update, Financial Performance, and Growth in Champion Product Categories Transcript

Thule Group AB (publ) ( THUPY ) Discusses Business Update, Financial Performance, and Growth in Champion Product Categories September 23, 2026 8:00 AM EDT Company Participants Mattias Ankarberg - CEO & President Toby Lawton - Chief Financial Officer Conference Call Participants Daniel Schmidt - Danske Bank A/S, Research Division Mats Liss - Kepler Cheuvreux, Research Division Agnieszka Vilela - Nordea Markets, Research Division Andreas Lundberg - SEB, Research Division Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Hai Huynh - UBS Investment Bank, Research Division Presentation Operator Welcome to the Thule pre-quarter 3 Update [Operator Instructions] Now I will hand the conference over to the CEO and President, Mattias Ankarberg; and CFO, Toby Lawton. Please go ahead. Mattias Ankarberg CEO & President Thank you very much, and welcome, everybody, to this call. As usual, we will have a short presentation and then followed by Q&A. I will start with a bit of a business update, and then Toby would add some financial perspectives before we then turn into Q&A. So yes, if we start with -- start with where we left off at the Q2 call. As you're aware, we have set a clear direction going forward. And at the end of last year, we both put new financial targets in place, but also a plan to reach them. The whole plan builds on us using our product development capabilities and other efforts to build what we call champion product categories. where we can be market leaders and innovate more than competition and also to drive efficiency gains. And it is positive for us that when we look back to the second quarter, but also the first half year that we see that our efforts are giving results. We have seen organic growth and profitability improvements for both the first 2 quarters of the year. Organic growth