Thermador Groupe : FY 2023 results in line with our expectations
>FY 2023 underlying operating profit stable at € 80.8m, i.e. an underlying operating margin of 13.9% (vs 13.8% e) - Thermador reported yesterday evening FY 2023 results in line with our forecasts. With € 581m in previously published revenues, up 4.9% (-1.8% LfL), the underlying operating profit remained stable at € 80.8m (vs. € 80m est.), implying an underlying operating margin of 13.9% (vs. 13.8%e), down slightly by 50bp. Attributable net profit totalled € 58.3m (vs ...Thermador Groupe. Thermador Groupe SA is a France-based holding company engaged in the distribution of specialized plumbing equipment materials, such as taps, pumps and heating equipment. The Company operates through a number of subsidiaries, including Sferaco, which is engaged in the construction of industrial valves and fittings; Sectoriel, which manufactures motorization for valves; Jetly, which produces domestic pumps and accessories as well as lifting stations; Thermador, which distributes central heating and hot domestic water circuit components; Thermador International, which specializes in exporting the Company's products in Europe; PBtub, which is specialized in the distribution of synthetic material tubes for under-floor heating and distribution of domestic water; Isocel, which constructs boiler and parts; Dipra, which furnishes retail stores in do-it-yourself (DIY) products; Opaline, which is the Company's communications agency, Domac and FGINOX.
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