Thermador Groupe Weathers Tough Market; Buys Digital Meter Firms

Thermador Groupe (FR:THEP) has released an update.

Thermador Groupe reports a 16.1% decrease in their 2024 half-year turnover compared to 2023, with significant sales declines in their energy renovation and watering business segments. Despite the challenging market conditions, the company has signed a memorandum of understanding to acquire shares in three digital metering companies and maintains a robust financial structure with a cash position exceeding bank debt. The company remains committed to maintaining dividends and is confident in the long-term resilience of their business model.

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