Thermador Groupe

Earnings Release • Jan 15, 2025

Press release

Saint-Quentin-Fallavier – January 15, 2025 – 6pm

• 2024 turnover down by 13.3 %
• At constant scope: -13.5%
• Estimated effect of changes in our selling prices: -2.6%

In thousands of euros		2024	2024 constant scope	2023	Variation 2024/2023	Variation 2024/2023 constant scope*
Total at 31 December – according to IFRS 15		503,885	502,516	580,950	-13.3%	-13.5%
st quarter 1		141,190	141,190	170,513	-17.2%	-17.2%
nd quarter 2		130,344	130,344	153,152	-14.9%	-14.9%
rd quarter 3		119,017	118,583	130,520	-8.8%	-9.1%
th quarter 4		113,334	112,399	126,765	-10.6%	-11.3%
Breakdown by business:
Mecafer and Domac: air compressors, generators, power packs, solar panels, welding stations and high-pressure cleaners		29,969	29,969	34,164	-12.3%	-12,3%
Odrea, pumps, technical plumbing accessories and taps		61,220	61,220	71,395	-14.3%	-14.3%
Isocel, supply of components to OEM		7,087	7,087	9,711	-27.0%	-27.0%
Aello, equipment for swimming pools		17,645	17,645	19,103	-7.6%	-7.6%
DPI, plastic piping for wet and dry networks		33,012	33,012	41,950	-21.3%	-21.3%
Jetly, pumps, tanks and lifting stations		58,304	58,304	62,467	-6.7%	-6.7%
Thermador, central heating, solar and domestic water accessories		65,969	65,969	96,729	-31.8%	-31.8%
PBtub	Heating - cooling surfaces and piping systems	20,411	20,411	26,367	-22.6%	-22.6%
Thermacome		15,122	15,122	19,687	-23.2%	-23.2%
Axelair, ventilation equipment and accessories		7,437	7,437	7,226	2.9%	2.9%
Alto Metering*, remote reader systems and electricity, water, gas, domestic fuel and energy meters		1,164	-
meters Sferaco, valves, meters and connectors		75,706	75,706	79,048	-4.2%	-4.2%
Sectoriel, motorised valves and air compressors		29,790	29,790	29,492	1.0%	1.0%
Distrilabo, measure and control		7,043	7,043	6,728	4.7%	4.7%
FGinox, stainless steel connectors, flanges, valves and accessories		15,830	15,830	16,583	-4.5%	-4.5%
Syveco, international		35,785	35,785	34,742	3.0%	3.0%
Sodeco Valves*, industrial valves		21,963	21,758	25,167	-12.7%	-13.5%
Other structures		428	428	391	9.5%	9.5%

* Turnover 2024: With the acquisition by Thermador Groupe of Compteur-energie.com, OTMetric, and MyMeterInfo, merged into Alto Metering on July 31, 2024, their turnover has been consolidated since August 1, 2024. Additionally, following the acquisition of Vena Contracta's business assets by Sodeco Valves on August 9, 2024, its turnover has been consolidated since August 10, 2024.