THERMADOR GROUPE : Turnover for first quarter 2017 : +14.6%
(Thomson Reuters ONE) -
Turnover for first quarter 2017 : +14.6%
-------------------------------------------+------+------+-------------------
In thous | 2017 | 2016 |Variation 2017/2016
-------------------------------------------+------+------+-------------------
Breakdown by business : | | |
| | |
Sferaco: valves |12,921|11,262| +14.7%
| | |
Thermador: accessories for central heating|11,862| 9,837| +20.6%
| | |
Jetly, pumps |11,405|10,689| +6.7%
| | |
Mecafer: heavy tools in DIY stores* | 7,404| 5,947| +24.5%
| | |
PBtub: tubes in synthetic materials | 6,973| 6,566| +6.2%
| | |
Dipra: pumps and plumbing in DIY stores | 5,111| 4,857| + 5.2%
| | |
Thermador International | 5,039| 4,678| +7.7%
| | |
Sectoriel: motorised valves and air | 4,665| 4,119| +13.3%
| | |
compressors | | |
| | |
Isocel: components for boilers | 1,411| 1,290| +9.4%
| | |
Aello: equipment for swimming pools | 1,205| 120|
| | |
Axelair: ventilation equipment | 441| 314| + 40.4%
| | |
Other structures | 76| 97| - 21.6%
-------------------------------------------+------+------+-------------------
Total 1(st) quarter |68,513|59,776| + 14.6%
-------------------------------------------+------+------+-------------------
* 2017 turnover taking into account acquisition of Domac by Mecafer since March,
1 2017, consolidated since March, 1 2017
Our wholesaler customers' heating activities remained particularly buoyant
during the first quarter of 2017, thanks to the cold snap experienced throughout
France. The quality and commitment of our staff, our stock levels and our
organization enabled us to meet these exceptional levels of demand calmly and
efficiently.
The warmer spell in March also boosted pre-season watering, making the first
quarter of 2017 a new reference point for the Group's business.
More generally, our markets seem to be returning to growth, including a hint of
inflation as a corollary to the increase in raw material prices.
PROSPECTS
Given this fine start to the year, we can confirm our renewed optimism for
2017. However, we still feel it is too early to suggest that this trend is a
direct result of the increase in building starts for accommodation in France,
which has occurred as forecast.
On February 24, the acquisition of Domac was confirmed for ?710,000. The company
reported ?7m turnover in 2016 with a headcount of 11, and an operating profit of
?110,000. Its net debt on December 31, 2016 was
?795,000. Mecafer's management team is ready and willing to take the new
acquisition on board and before too long, share its IT systems with it (cf: our
press release on our website: www.thermador-groupe.fr).
ORDINARY GENERAL MEETING OF APRIL 10
Our General Meeting was held in Lyon on April 10, 2017. It brought together 220
people representing
2,864,490 shares, i.e. 63.7% of voting rights. Attendance was up this year,
since in 2016, 61.3% of voting rights were represented.
We will be holding a meeting in Salons Hoche in Paris on April 19, for around
180 shareholders.
At the General Meeting, all resolutions were adopted on the basis of a majority
vote. Subsequent to the adoption of the 4th resolution with a 90.3% majority,
shareholders will receive a letter from their financial intermediaries asking
them to opt for payment of dividends in cash or in shares.
The issue price of new shares is 85.75 euros.
You will find the text of the resolutions on pages 106 to 108 of the 2016 annual
report, as well as on our website.
It is with great pleasure that we welcome Caroline Meignen, Laurence Paganini
and Janis Rentrop into our Board. You can consult their biographies and the
current membership of our Board of Directors on our website.
Jean-François Bonnefond's membership of the Board was renewed. The Board has re-
appointed him in the role of deputy CEO of Thermador Groupe.
PEA PME
Thermador Groupe has confirmed its eligibility to Euronext.
thg-1204-2017-en:
http://hugin.info/143595/R/2095861/792861.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: THERMADOR GROUPE via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.04.2017 - 17:47 Uhr
Sprache: Deutsch
News-ID 536106
Anzahl Zeichen: 6023
contact information:
Town:
Saint Quentin Fallavier Cedex
Kategorie:
Business News
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