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THERMADOR GROUPE : Turnover at September 30, 2016: +7.0%

Freitag, 14.10.2016 17:45

THERMADOR GROUPE

Turnover at September 30, 2016: +7.0%

In thousands of euros 2016 2016
constant
scope*
2015 Variation 2016/2015 Variation 2016 constant
scope*/2015
1st quarter 59,776 52,880 53,599 11.5 % - 1.3 %
2d quarter 64,637 57,133 56,771 13.9 % 0.6 %
3rd quarter 55,819 55,819 58,067 - 3,9 % - 3.9 %
Total at 30 September 180,232 165,832 168,437 7.0 % - 1.5 %
Breakdown by business:          
Jetly: pumps, tanks, accessories 36,058 36,058 36,072 0.0 % 0.0 %
Sferaco: valves, fittings 33,526 33,526 33,305 0.7 % 0.7 %
Thermador: accessories for central heating 26,175 26,175 26,113 0.2 % 0.2 %
Mecafer: heavy tools in DIY stores* 17,444 5,010 5,513   - 9.1 %
PBtub: tubes in synthetic materials 17,363 17,363 19,535 - 11.1 % - 11,1 %
Dipra: pumps and plumbing in DIY stores 15,808 15,808 17,422 - 9.3 % - 9.3 %
Thermador International 14,644 14,644 14,991 - 2.3 % - 2.3 %
Sectoriel: motorised valves and air
compressors*
12,536 10,570 10,669 17.5 % - 0.9 %
Isocel: components for boilers 3,774 3,774 3,776 - 0.1 % - 0.1 %
Aello: equipment for swimming pools 1,443 1,443      
Axelair: ventilation equipment 1,152 1,152 769 49.8 % 49.8 %
Other structures 309 309 272 13.6 % 13.6 %
* 2016 turnover at constant scope: turnover taking into account acquisitions of Mecafer by Thermador Groupe and Nuair France by Sectoriel, consolidated since July 1, 2015.

 BUSINESS
We were unable to replicate the record 3rd quarter of last year, made possible by exceptional weather conditions from the very start of the summer of 2015. The performances of our recent companies, Aello and
Axelair, were not sufficient to compensate for the substantial reversals over the past three months of PBtub, Dipra and Mecafer. Our three major subsidiaries are resisting well in spite of difficult circumstances.

PROSPECTS
A lot of statistical indicators confirm a recovery of building starts, suggesting better prospects for all those involved in the finishing sector of the construction industry. However, this recovery is obviously a lot less vigorous than it was in 2010. As concerns activity, the modest 2015 4th quarter should however help us on our way back to a positive pace of organic growth.




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Source: THERMADOR GROUPE via Globenewswire