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Press release Malmö , April 22 , 2021 Thule Group > Thule Group presents new Long - term financial goals and sustainability ambitions . In connection with today's presentation of the financial results for the first quarter of the year , Thule Group presents new Long - term financial goals and sustainability ambitions . With the goals communicated in 2017 as a foundation , which were achieved in 2020 , the new long - term target horizon is set to 2030 . Since Thule Group's listing on the stock exchange in November 2014 , the company's strong development has meant that the ambition level for long - term targets has been raised in steps . The latest targets were communicated in connection with the Capital Markets Day , held in September 2017 . - When summarizing 2020 , it is satisfying to confirm that we achieved all long - term financial goals , even earlier than planned , says Magnus Welander , CEO and President . We have continuously delivered annual sales increases , improved profitability and a very strong cash flow . In addition to this we have taken significant sustainability steps , thanks to our genuine and solid sustainability work . Last year we therefore reached the majority of the 2020 sustainability goals we had aimed for in recent years . New long - term financial goals Sales growth EBIT - margin Dividend Double sales by 2030 Equivalent to > 7 % CAGR in constant currency ( previous target : > 5 % annual organic growth ) Long - term maintain > 20 % EBIT margin ( previous target : achieve underlying EBIT margin of 20 % ) > 75 % ordinary dividend , in relation to net income ( previous target : > 50 % ordinary dividend , in relation to net income ) New long - term sustainability ambitions Thule Group will continue the dedicated long - term sustainability work that has been an integral part of the company's long - term way of operating since the its founding in Hillerstorp , Sweden , in 1942 . The new sustainability targets are , in terms of environmental aspects , closely linked to the company's decision in the autumn of 2020 to commit to the globally renowned Science Based Targets initiative ( SBTI ) and therefore have a clear focus on fulfilling the Paris Agreement's ambition not to increase the earth's average temperature by more than 1.5 ° C.