Thermador Groupe (FR:THEP) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Thermador Groupe reports a 16.1% decrease in their 2024 half-year turnover compared to 2023, with significant sales declines in their energy renovation and watering business segments. Despite the challenging market conditions, the company has signed a memorandum of understanding to acquire shares in three digital metering companies and maintains a robust financial structure with a cash position exceeding bank debt. The company remains committed to maintaining dividends and is confident in the long-term resilience of their business model.
For further insights into FR:THEP stock, check out TipRanks’ Stock Analysis page.
