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THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : Coronavirus, impact on turnover May 12, 2020

Transparency directive : regulatory news

12/05/2020 17:55

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Press release

Saint-Quentin-Fallavier - May 12, 2020 - 6pm
Coronavirus: impact on turnover

We continue to measure the business levels of our subsidiaries on a weekly
basis and compare them with 2019. The gradual increase in orders from our
customers persists, for both professional and consumer products.

In April, group subsidiaries delivering to DIY superstores (23% of consolidated
business in 2019) saw a 57% decline in sales.
Those supplying professionals (77% of consolidated business) limited the
decline to 38%.
On a consolidated average, we secured 57% of April 2019 turnover this time
around. These results are better than the estimates published on April 28 in
our previous press release.

In May, we expect to surpass 65% of May 2019 turnover, relying on the easing of
confinement restrictions in France and Europe. It should be noted that the
recovery in May will be slowed by the number of working days, down 10% compared
to 2019.

We will come back to you on May 26 after the stock market closes to share the
latest trends observed by our subsidiaries.

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