An update from Thermador Groupe ( (FR:THEP) ) is now available.
Thermador Groupe reported a significant decline in turnover for 2024 by 13.3%, attributed partly to a 2.6% reduction in selling prices. This downturn reflects challenges across its business segments, notably in central heating and solar accessories, which saw the steepest decline. Despite the acquisition of new companies boosting certain areas, overall performance was weaker compared to 2023, impacting stakeholders and market positioning.
More about Thermador Groupe
Thermador Groupe operates in the industrial sector, focusing on providing a range of products including air compressors, generators, solar panels, plumbing accessories, swimming pool equipment, and central heating systems. The company caters to both domestic and international markets, supplying components to OEMs and offering various industrial and domestic solutions.
YTD Price Performance: -7.36%
Average Trading Volume: 72
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €634.7M
See more insights into THEP stock on TipRanks’ Stock Analysis page.