Thule surges as lower costs drive Q4 profit beat
** Shares in Thule THULE.ST jump 7% after the Swedish outdoor equipment maker's Q4 EBIT beat consensus by 22% and profit margin improved significantly amid lower costs
** The company posted Q4 EBIT of SEK 53 million ($5.1 million), up from SEK 4 million in the same period last year
** Jefferies notes a significant margin increase to 3.4%, from 0.2% in Q4 2022, driven by positive product and channel mix, lower material prices and freight costs
** The broker also points to growth in Thule's bike-related products and direct-to-consumer sales
** Thule is among top performers on Europe's benchmark STOXX 600 index .STOXX
** The shares rose as much as 14.3% in early trade, touching their highest intraday price since early September at SEK 314.60 per share
Reporting by Tilla Sjaavaag
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