Thermador Groupe (THEP) H1 2025 TU earnings summary

Executive summary

• First half-year 2025 turnover declined by 4.7% year-over-year, with a 5.6% drop at constant scope.

• Average sales price decreased by 1.5% compared to the same period last year.

Financial highlights

• Total first half-year turnover: €258.7 million, down from €271.5 million year-over-year.

• Q1 turnover fell 8.0% year-over-year; Q2 turnover decreased 1.2% year-over-year.

Segment performance

• Isocel (+8.9%), Aello (+6.7%), Axelair (+6.0%), Sferaco (+1.7%), Syveco (+3.9%), and Sodeco Valves (+4.3%) reported year-over-year turnover growth.

• Odrea (-14.9%), DPI (-19.6%), Thermador (-12.0%), Thermacome (-18.2%), Jetly (-7.0%), and FGinox (-6.2%) saw significant declines.

• Mecafer and Domac turnover stable year-over-year (-0.1%).