THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : Coronavirus, impact on turnover
Transparency directive : regulatory news
03/04/2020 18:00
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Press ReleaseSaint-Quentin-Fallavier - April 3, 2020 - 6pm
Coronavirus, impact on turnover
The confinement measures taken in France, Belgium and Spain have had a very
substantial impact on our turnover. Between March 16 and 27, we observed a
decline of the order of 83% for retail sales, 44% for products for
professionals and 53% for overall turnover. Sales in Europe, which until now
have been holding up, will certainly fall over the coming days.
As a result, we believe that we can maintain around 1/3 of our overall business
throughout the confinement period, keeping employee safety constantly in mind.
The robustness of the recovery afterwards will depend partly on the duration of
the confinement, and partly on the impact the crisis has on the economic actors
across our markets.
We will publish our first quarter turnover on April 15 after stock exchange
closure. At that time, we will talk more about the consequences of this crisis
for our group.
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