Thermador Groupe Reports 8% Drop in Q1 2025 Turnover

Thermador Groupe has announced an 8.0% decrease in turnover for the first quarter of 2025, totaling €129.9 million. The contraction was primarily due to reduced demand in energy renovation, new housing, and DIY markets, compounded by a negative price effect of -2.1%. However, supply revenues to the industry remained stable, and the drop in March was less pronounced than in previous months. Despite these challenges, the company's cash position remains strong at €66.3 million.

During the recent AGM, attended by numerous shareholders, all resolutions were approved. A dividend of €2.08 per share was issued. The group continues to monitor market conditions, with limited exposure to US suppliers, as only 0.16% of purchases are from the US. Future strategies focus on new market opportunities and ongoing regulatory improvements.