Thermador Groupe : Q3 sales slightly lower than we expected
>Q3 sales of € 130.5m (vs € 137m est.) up a slight 0.3% (-6.4% l-f-l) - Thermador Groupe yesterday evening reported Q3 sales that fell slightly short of our expectation. In line with Q2, business continued to slow in Q3 with sales of € 130.5m (vs € 137m est.), showing slight growth of 0.3% driven mainly by a scope effect of 6.7% (integration of DPI) while the organic decline stood at 6.4% comprising a slightly positive price effect estimated at 3-4% and a negative vo...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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