Thule Group said Tuesday that new products helped it slow a sales decline in North America, its most challenging market, contributing to a nearly 10% rise in second-quarter revenue.
The Swedish maker of roof racks, strollers and outdoor gear reported net sales of 3.4 billion Swedish kronor, up 9.8% from a year earlier.
The company said the increase was driven by its acquisition of phone-mount maker Quad Lock, while organic growth was 1.5%.
In North America, organic sales fell 3.3%, which the company said was a significant improvement from the 13% decline seen in the first quarter.
"In North America, where the first quarter sales development was very weak, the measures we have implemented have started to pay off," Chief Executive Mattias Ankarberg said in a statement.
Thule attributed the better performance to a new regional organization and the launch of bike carriers designed specifically for the U.S. market.
The company described overall market conditions as challenging, with restrained consumer behavior and cautious retailers.
Adjusted operating income was flat at 734 million Swedish kronor, while net income declined to 512 million kronor from 559 million kronor a year prior.
Thule said profitability was affected by higher product development costs as it launched more products earlier in the year to capture the full high season for sales.
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Thule Group on Wednesday reported higher third-quarter profit and a record gross margin, navigating what it described as a tough market where its organic sales declined.