on Thermador Groupe (EPA:THEP)
Thermador Group: Q3 2026 Financial Overview
Thermador Group announced an 8.8% increase in turnover as of September 30, 2026, compared to the previous year, with a 4.0% increase at constant scope. However, Q3 turnover rose only by 0.6% due to prior customer orders anticipating price rises and an unfavorable Q3 comparison in 2025.
Key contributors like Axelair and Aello saw substantial gains, benefiting from increased demand for their heating and ventilation products. In contrast, certain sectors such as irrigation struggled due to water shortages during summer heatwaves. Despite economic uncertainties, the group maintains a robust financial position with €113.9 million in cash and a €38.8 million bank debt, providing resilience against interest rate hikes.
Looking forward, Thermador Group anticipates stable demand amid inflationary pressures. The company is focusing on innovation and market share growth in niche segments, preparing for challenges like rising raw material costs and carbon border adjustments.
R. E.
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