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Thermador Groupe ( (FR:THEP) ) has shared an announcement.
Thermador Groupe reported a 13.3% decline in sales revenue for 2024, primarily due to reduced public budgets for energy renovations and a slowdown in real estate transactions. Despite the challenging market conditions, the company maintained its workforce and focused on sustainable development efforts. The company anticipates stabilization in sales revenue in 2025, driven by a potential recovery in the construction and energy renovation markets, alongside targeted acquisitions.
More about Thermador Groupe
Thermador Groupe operates in the industrial and construction sectors, providing a range of products including air compressors, generators, solar panels, pumps, plumbing fittings, and heating equipment. The company focuses on markets related to energy renovation, real estate, and industrial products.
YTD Price Performance: -8.33%
Average Trading Volume: 49
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €613.5M
See more data about THEP stock on TipRanks’ Stock Analysis page.