ABG cuts target for Thule stock from SEK 300 to SEK 270

Published on 10/08/2026 at 14:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached SEK 3.421 billion and reported EBIT SEK 756 million. Thule stock costs EUR 16.75 on October 8, 2026 after EUR 16.86, minus 0.65 percent.

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Thule Group (ISIN SE0006422390) was trading at EUR 16.75 at Lang & Schwarz on October 8, 2026 at 2:32 p.m. CEST, down 0.65 percent versus the prior close of EUR 16.86. On October 7, ABG Sundal Collier cut its Thule target from SEK 300 to SEK 270 and reiterated Buy, as Placera reported. The change puts demand recovery ahead of valuation in the debate around Thule stock.

Margins improve, but demand remains central

Thule's second-quarter 2026 revenue reached SEK 3.421 billion, while reported operating profit was SEK 756 million and adjusted operating profit was SEK 779 million, according to FactorsToday. The adjusted operating margin was 22.8 percent, compared with a reported margin of 22.1 percent, showing that profitability strengthened even as the share price stayed close to its 52-week low of SEK 184.60.

Three events shaped the setup

On July 20, 2026, Thule's second-quarter report showed revenue of SEK 3.421 billion and reported operating profit of SEK 756 million, per Thule Group. On September 23, the company said a USD 5.00 million US tariff refund would support the third-quarter gross margin, while higher freight and raw-material costs remained a counter-factor, according to MarketScreener. On October 7, ABG reduced its target to SEK 270 from SEK 300 and forecast 3 percent to 4 percent organic sales growth for 2026 to 2027, per Placera.

What comes next for Thule?

Thule is scheduled to report third-quarter 2026 results on October 22, 2026, with nine analysts expecting average earnings per share of SEK 3.30 and revenue of SEK 2.62 billion, according to finanzen.ch. The annual report is listed for February 10, 2027, giving investors two dated checkpoints for testing whether margin improvement is translating into revenue growth.

Thule stock stays near its yearly low

At Lang & Schwarz, Thule stock was trading at EUR 16.75 on October 8, 2026 at 2:32 p.m. CEST, down 0.65 percent from the EUR 16.86 prior close; the Nasdaq Stockholm quote was SEK 187.40 at 12:33 p.m. UTC on the same date. The further course of trading is shown by the continuously updated real-time quote of Thule stock.