Thule Group AB (publ) (THUPY) Q2 2026 Earnings Call Transcript

Thule Group AB (publ) ( THUPY ) Q2 2026 Earnings Call July 20, 2026 4:00 AM EDT Company Participants Mattias Ankarberg - CEO & President Toby Lawton - Chief Financial Officer Conference Call Participants Fredrik Ivarsson - ABG Sundal Collier Holding ASA, Research Division Adela Dashian - Jefferies LLC, Research Division Daniel Schmidt - Danske Bank A/S, Research Division Agnieszka Vilela - Nordea Markets, Research Division Andreas Lundberg - SEB, Research Division Hai Huynh - UBS Investment Bank, Research Division Mats Liss - Kepler Cheuvreux, Research Division Presentation Operator Hello, everyone, and welcome to Thule Group's interim report for Q2. My name is Lydia, and I'll be your operator today. [Operator Instructions] I'll now hand you over to Mattias Ankarberg, Chief Executive Officer and President of Thule Group. Please go ahead.

Thank you, and welcome, everybody, to this Q2 call. I am, as usual, joined here by our CFO, Toby Lawton. We'll be talking through a presentation available on the screen and later on also on our IR website. And as usual, we will follow up with a Q&A session after the presentation. So starting with highlights on Page 2. It's nice to see that the positive development that we saw in Q1 continues also in the second quarter, which is our peak season and our biggest quarter. We see continued both organic growth and increased profitability. And as you may be aware, we are very focused on growing what we call champion product categories, product categories where Thule is the global market leader and can out-innovate competition with new products, and it's nice that, that continues to give results, as does the efficiency agenda that we are driving. In the quarter, we see growth in all of the 4 product areas that we report with the fastest growth coming from Active with