(Boursier.com) — Thermador Group 3.7% to 83 euros this Friday, while the political context continues to dampen the mood on the stock market. The group recorded a turnover of 141.19 million euros in the 1st quarter of 2024. The drop in quarterly turnover is -17.2%. Thermador Groupe, however, noted good resistance in its sales in the areas of industry, the water cycle and more generally internationally…
Thermador Groupe reiterated a more optimistic view of its activity during the 2nd half while remaining calm in the medium term. The group relies on its decentralized organization which gives its teams the freedom to act to be commercially offensive, control their costs and control their working capital needs. Thus, the consolidated cash flow has increased from 35 ME to 45 ME since December 31, 2023.
In the field of the water cycle, the Jetly subsidiary participates in the work of the IFEP (French Rainwater Industrialists) in order to raise awareness among public authorities of the benefit of reusing non-potable water. These widespread uses would allow substantial savings in drinking water in the short term and the development of sales of certain technical solutions from Thermador.
On the analyst side, Portzamparc had adjusted its forecasts downward with an Ebit margin revised from 13.4% to 13.2%, even if the low point of activity should indeed be in H1… Q3 should see a rebound in renovation and a reversal of trend in new construction with good visibility for 2025. The analyst remains to ‘strengthen’ by targeting a price of 91 euros.
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