Thermador Groupe's Turnover Rises by 9.6% in Q1 2026

Thermador Groupe reported a 9.6% increase in turnover for the first quarter of 2026, reaching €142.4 million. This rise includes a 4.2% increase at constant scope, marking a recovery from the 8.8% decline in Q1 2025. The improvement came despite a negative price effect of 1.4%. Among the company's divisions, Mecafer and Domac showed notable growth, driven by an increased demand for generators following floods in France. Meanwhile, challenges persist in the new-build housing sector, affecting PBtub and Thermacome.

The heat pump market, crucial for Thermador and Isocel, shows early recovery signs. The group maintains a strong cash position, enabling further acquisitions, despite global uncertainties including Middle East conflicts and rising plastic prices. Operational costs remain stable, with 2026 price increases expected to exceed 2%. The appointment of new directors and management roles follows the April AGM, emphasizing stability within the group's governance.