Report
Jeremy Garnier

Thermador Groupe : Poursuite de la forte baisse d’activité au T2, encore peu de visibilité pour le S2

>CA S1 2024 en baisse de 16% lfl à 271.5M€ (vs 281.5 M€e) - Thermador Groupe a publié hier soir un CA S1 inférieur à notre attente. Après la forte baisse enregistrée en début d’année (T1 : -17.2% lfl à 141.2 M€), l’activité ressort finalement dans la même tendance au T2 avec un retrait de 15% à 130.3 M€ (vs -8.4%e à 140.3 M€e). Sur l’ensemble du semestre, le CA s’établit à 271.5 M€, en décroissance totalement organique de 16.1% : effet volume de -13.6% et effet prix d...
Underlying
Thermador Holding SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jeremy Garnier

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