THERMADOR GROUPE (EPA:THEP) - 16.2 % INCREASE IN 2018 TURNOVER

Transparency directive : regulatory news

14/01/2019 17:45

Press release
Saint-Quentin-Fallavier - January 14. 2019 - 7:45pm

- 16.2 % INCREASE IN 2018 TURNOVER
                                                                  Variation
                                                                    2018
                                      2018                        Constant
                                    Constant           Variation    scope*
In thousands of euros        2018    scope*     2017   2018/2017    /2017

(Before IFRS 15)
1st quarter                82,346    70,724    68,513   +20.2%      +3.2%
2d quarter                 85,803    74,240    71,241   +20.4%      +4.2%
3rd quarter                76,348    65,885    63,012   +21.2%      +4.6%
4th quarter                70,736    69,838    68,805    +2.8%      +1.5%
Total 31/12
(before IFRS 15)          315,233   280,687   271,571   +16.1%      +3.4%
Impact IFRS 15**           -4,043    -3,960    -3,847    +5.1%      +2.9%
Total 31/12
(after IFRS 15)           311,190   276,727   267,724   +16.2%      +3.4%

Breakdown by business :
Sferaco and Groupe Valfit,
valves and fittings*       53,212    47,553    47,302   +12.5%      +0.5%
Jetly, pumps               47,068    47,068    46,435    +1.4%      +1.4%
Thermador, accessories
for central heating        40,807    40,807    39,009    +4.6%      +4.6%
Mecafer et Domac,
heavy tools in DIY
stores*                    30,662    29,280    31,255    -1.9%      -6.3%
Thermador International    24,344    24,344    21,371   +13.9%     +13.9%
PBtub, tubes in
synthetic materials        24,227    24,227    24,261    -0.1%      -0.1%
Sodeco valves,
industrial valves and
fittings*                  20,957     6,884     6,347               +8.5%

Dipra, pumps and
plumbing in DIY stores     20,735    20,735    19,958    +3.9%      +3.9%
Sectoriel, motorised
valves and air
compressors                20,145    20,145    18,378    +9.6%      +9.6%
FGinox, fittings and
flanges in stainless
steel*                     15,743     3,837     3,946               -2.8%
Aello, equipment
for swimming pools          6,992     6,992     5,069   +37.9%     +37.9%
Isocel, components
for boilers                 5,771     5,771     5,545    +4.1%      +4.1%
Axelair, ventilation
equipment*                  4,262     2,736     2,379   +79.2%     +15.0%
Other structures              308       308       316    -2.5%      -2.5%

(*) 2018 turnover taking into account acquisition of Domac consolidated since
March 1, 2017, acquisition of Sodeco Valves consolidated since September 1,
2017, acquisition of FGinox consolidated since October 1, 2017, acquisition of
Groupe Valfit consolidated since January 1, 2018. Axelair's 2018 turnover
includes the turnover generated further to the acquisition of the Vortice
France business from January 1, 2018.
(**) Re-categorisation of advertising expenses (i.e. page 57 of our 2017 annual
report).

Sanidom was acquired on December 31, 2018 with no impact on the 2018
consolidated turnover. The 2018 results will be published on February 22, 2019.
Our letter to shareholders n°92 will be available on our website on February
21 after closing of the stock exchange.

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