Thermador Groupe Announces 16.1% Drop in Half-Year Turnover for 2024

Thermador Groupe has released its turnover report for the first half of 2024, revealing a decline of 16.1%. The group's turnover for this period stands at €271.5 million, down from €323.7 million in 2023.

The first quarter saw a turnover of €141.2 million, down 17.2%, while the second quarter recorded €130.3 million, a decrease of 14.9%. The average price decrease was 2.5%.

Several segments experienced significant downturns. Mecafer and Domac, which include air compressors and welding stations, saw a 22.2% drop. Odrea's pumps and plumbing accessories fell by 15.9%, and Isocel's OEM components plummeted by 44.2%. Notably, Thermador’s central heating and solar accessories dropped by 34.7%.

In contrast, Distrilabo and Syveco showed growth, increasing by 7.0% and 3.5%, respectively. The half-year results will be available on July 29 on the company's website.