In the second quarter, Thule also completed a small acquisition in the dog transportation segment. Second Quarter SummaryNet sales for the second quarter increased 0.5 percent on a reported basis to SEK 3,421 million (~$365 mm), with organic sales increasing 2.5 percent year-over-year (y/y). Organic sales increased by 0.5 percent in the second quarter, while reported sales were down 1.7 percent y/y to SEK 1,867 million (~$199 mm). Sales in Asia reportedly performed better in the second quarter than sales in South America. The CEO said the company continues to streamline its administration, and in the second quarter decided to close a satellite office in Belgium.