Added to YB: 2026-01-22
Pitch date: 2026-01-20
THEP.PA [neutral]
Thermador Groupe SA
+7.32%
current return
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Thermador Groupe SA, together with its subsidiaries, engages in the distribution business in France and internationally.
Market Cap
EUR 671.3M
Pitch Price
EUR 72.40
Price Target
N/A
Dividend
2.84%
EV/EBITDA
9.70
P/E
16.95
EV/Sales
1.33
Sector
Trading Companies and Distributors
Category
turnaround
Thermador Groupe (THEP France): resilience through the downturn, with the recovery story quietly rebuilding
THEP.PA (update): FY2025 €502M sales -0.4% YOY, stable gross margins expected. Professional channel resilient vs struggling mass-market/DIY. Industrial units grew despite macro headwinds. Strong cash generation from inventory reduction, net cash position maintained. Mgmt cautious on 2026 but sees building blocks for gradual recovery: easier comps, selective price increases, energy renovation renewal, housing/industrial stabilization. Quality portfolio showing resilience vs peers.
Read full article (2 min)