Producer of products for the recreational vehicle and outdoor industries, Thule Group, has announced it enjoyed growth in both sales and profitability during 2025.

As revealed in its full-year financial results, Thule achieved net sales for 2025 of SEK 10,429m, which is an increase of 9.3 per cent compared to 2024. Of that growth, 15.4 per cent was from acquisitions and -4.8 per cent from exchange rate fluctuations. Organic sales decreased by 1.3 per cent.

The company also reported that gross margin for the full year increased to 46 per cent, and operating income amounted to SEK 1,640m, corresponding to a margin of 15.7 per cent. Adjusted operating profit amounted to SEK 1,671m, corresponding to an operating margin of 16.0 per cent.

The report also included Thule’s figures for the fourth quarter of 2025, in which net sales amounted to SEK 1,835m (increase of 9.4 per cent), while gross margin for Q4 increased to 44.9 per cent.

The group’s President and CEO, Mattias Ankarberg, said: “In 2025, Thule once again increased both sales and profit, despite a challenging business environment. We have also continued to invest in the future, and our newest product categories are growing rapidly. With our new focused priorities, we are well-positioned to achieve our new financial targets.

“The main driver of our historical growth has been new products. We had an intense launch year in 2025, and new products have contributed positively to sales growth again this year. One example is RV Products, where this year’s launches have generated growth despite a weaker period in the market for motorhome and caravan products. In our largest category, Sport & Cargo Carriers, we have updated our range of both roof boxes and bike carriers, which has had a clear positive effect on sales, even in the challenging North American market.

“Thule is well-positioned regardless of the market situation, and we have sharpened our priorities to drive growth and profitability. More and more people want to live active lives, which also gives us tailwind over time. The work to build a larger, more profitable Thule continues. I am very much looking forward to 2026!”

The full report is available to read on the Thule Group website.

Photo: Thule Group