Thermador groupe

Turnover at September 30, 2013: - 3.6%

In thousands of euros 2013 2012 Variation 2013/2012
1st quarter 52 782 57 817       - 8.7%
2d quarter 53 102 55 990       - 5.2%
3rd quarter 51 563 49 439 + 4.3%
Total at 30 september 157 447 163 246 -3.6%
Breakdown by business:
Jetly, pumps 35 351 39 733 - 11.0%
Sferaco, valves 33 433 35 721 - 6.4%
Thermador, heating accessories 27 101 26 728      + 1.4%
Pb tub, tubes in synthetic materials 21 436 20 458 + 4.8%
Dipra, DIY stores 17 114 19 087 - 10.3%
Thermador International  10 234 9 046 + 13.1%
Sectoriel, drive units for valves 8 711 8 054 + 8.2%
Isocel, components for boilers 3 787 4 140 - 8.5%
Other structures 280 279 + 0.4%

Comments on the first half-year
After the first half-year down 7%, third-quarter turnover stands at a record ?51.6m, up 4.3%. We enjoyed a very sunny summer, which boosted sales of watering pumps distributed by Jetly and Dipra, plus a slightly more favourable calendar effect for all the group's companies.
Our customers have not indicated any improvement in the market on their side, which means that our market shares are growing.
Our financial situation remains very healthy.

Creation of the subsidiary AXELAIR
Having completed an in-depth market survey, we took the decision to create a new company, AXELAIR, intended to offer our wholesale customers a complete range for home ventilation systems as from the beginning of 2014.

Prospects
We anticipate a consolidated turnover stable for the final quarter.
Our financial structure will enable us to absorb this slight fall in annual turnover without any detrimental effect and maintain our dividend pay-outs.

15102013GB:
http://hugin.info/143595/R/1735520/581525.pdf


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Source: THERMADOR GROUPE via Thomson Reuters ONE
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