Thermador Groupe (THEP) H1 2024 TU earnings summary

Executive summary

• First half-year 2024 turnover declined by 16.1% year-over-year to €271.5 million.

• Average sales price decreased by 2.5% compared to the same period last year.

Financial highlights

• Q1 turnover was €141.2 million, down 17.2% year-over-year.

• Q2 turnover was €130.3 million, down 14.9% year-over-year.

Segment performance

• Mecafer and Domac turnover fell 22.2% year-over-year.

• Thermador segment declined 34.7% year-over-year.

• Sferaco segment decreased 5.9% year-over-year.

• Syveco segment grew 3.5% year-over-year.

• Distrilabo segment increased 7.0% year-over-year.