Thule Group AB 2023 AR2
The report highlights Thule Group's performance in 2023, noting a decline in sales by 10 percent to SEK 9.1 billion, while maintaining a solid EBIT margin of 16.5 percent. The company achieved a record cash flow from operating activities of SEK 1.85 billion and successfully reduced inventory levels by SEK 801 million. In sustainability, Thule Group's net-zero climate target for 2050 was approved by the Science Based Targets initiative (SBTi), committing to a 90 percent absolute reduction in greenhouse gas emissions across Scopes 1, 2, and 3 compared to 2019. Additionally, the company launched the premium Thule Epos bike carrier, which features a 34 percent lower carbon footprint than its predecessor.
Company: Thule Group AB
Sector: Manufacturing
Country: Sweden
Year: 2023
Type: AR2
Pages: 120
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Thule Group AB
Annual Report
The report highlights Thule Group's performance in 2023, noting a decline in sales by 10 percent to SEK 9.1 billion, while maintaining a solid EBIT margin of 16.5 percent. The company achieved a record cash flow from operating activities of SEK 1.85 billion and successfully reduced inventory levels by SEK 801 million. In sustainability, Thule Group's net-zero climate target for 2050 was approved by the Science Based Targets initiative (SBTi), committing to a 90 percent absolute reduction in greenhouse gas emissions across Scopes 1, 2, and 3 compared to 2019. Additionally, the company launched the premium Thule Epos bike carrier, which features a 34 percent lower carbon footprint than its predecessor.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees