Last night, Mastrad announced that it had exited the safeguard procedure opened last year following the loss of its main customer, the American company Whirlpool, to which the cookware manufacturer supplied connected thermometers.

Wednesday's decision by the Paris Commercial Court was anticipated by investors, as illustrated by the five-fold increase in the share price since the start of the year.

Following the acceptance of the safeguard plan, the kitchen accessory designer suffered profit-taking on Thursday on the Paris Bourse, posting a decline of 25%.

Mastrad plans to announce its half-year results to December 31, 2024, as well as its business outlook for the coming months, on April 9.

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