Thule stock holds near recent lows as latest results weigh on sentiment
Published on 09/17/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Thule Group AB stock (ISIN SE0007158910) on Nasdaq Stockholm is trading close to its recent lows, with the shares quoted at SEK 198.70 as of September 16, 2026, keeping the outdoor and mobility specialist under pressure after its latest quarterly figures for Q2 2026.
Q2 2026 figures show mixed momentum
According to MarketScreener, Thule reported revenue of SEK 941 million for the second quarter of 2026, covering the period to June 30, 2026, compared with SEK 883 million in the year-earlier quarter, an increase of about 6.6 percent.
The same overview from MarketScreener indicates that Thule generated total sales of SEK 10.54 billion over the last reported rolling 12-month period, showing that the company remains a sizeable player in the outdoor and mobility accessories market even as growth has moderated.
Stock performance in 2026 and volatility
Per data from MarketScreener on September 16, 2026, Thule stock closed at SEK 198.70 on Nasdaq Stockholm on September 16, 2026, up 0.61% on the day.
The same data set shows that the shares are down 17.01% since the start of 2026, underperforming many broader indices and reflecting investor caution after several quarters of softer demand and margin pressure.
MarketScreener data also highlight that the stock has fallen 1.92% over the past five trading days and 4.51% over the past month as of September 16, 2026, underscoring the recent downward trend despite the latest Q2 2026 revenue increase.
Year-to-date trends and revenue context
According to the earnings summary for the second quarter and six months ended June 30, 2026, cited by MarketScreener, Thule held its Q2 2026 earnings call on July 20, 2026, presenting results for both the second quarter and the first half of the year.
In addition to the SEK 941 million Q2 2026 revenue figure, the company reported half-year revenue that supports a rolling revenue base of SEK 10.54 billion, suggesting that seasonal fluctuations in demand for roof boxes, bike racks and other mobility products are balanced by a broad geographic footprint.
The modest year-on-year revenue increase in Q2 2026 compared with Q2 2025 stands against the backdrop of higher input costs and a competitive retail environment, which have constrained margin expansion even as volumes have held up.
Valuation signals from recent trading
With Thule shares at SEK 198.70 on September 16, 2026 and down 17.01% year to date, the market is effectively assigning a lower valuation multiple to the company than at the beginning of 2026, despite the reported rise in quarterly revenue.
MarketScreener also indicates that performance for the current month is negative, with the running-month change at minus 2.93% as of September 16, 2026, which suggests persistent selling pressure even after the Q2 2026 earnings call in July 2026.
For investors, the key question now is whether the revenue growth seen in Q2 2026 can translate into stronger earnings and cash flow in the coming quarters, providing a catalyst for Thule stock to recover from its double-digit year-to-date decline.
Thule stock price and market data
As of September 16, 2026, Thule Group AB stock last closed at SEK 198.70 on Nasdaq Stockholm, with the price reflecting a 0.61% gain on the day but a decline of 17.01% since January 1, 2026. This price level positions the shares below earlier highs in 2026 and signals a cautious stance by the market while it waits for clearer signs of margin improvement.
Thule Group AB stock profile
- Company: Thule Group AB
- ISIN: SE0007158910
- Ticker: THULE
- Trading venue: Nasdaq Stockholm
- Price (as of September 16, 2026, 18:00): 198.70 SEK
- Market capitalization: 10,540,000,000 SEK (as of September 16, 2026)
- Sector / Industry: Consumer Discretionary / Leisure Products
- Index membership: Mid-cap segment of Nasdaq Stockholm
