THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : Coronavirus, impact on turnover May 26, 2020
Transparency directive : regulatory news
26/05/2020 18:00
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Press releaseSaint-Quentin-Fallavier - May 26, 2020 - 6pm
Coronavirus, impact on turnover
This release follows our communication of May 12, 2020, available on our
website https://www.thermador-groupe.fr/. The end of confinement has had a
positive effect on business, particularly for group companies servicing DIY
superstores (23% of consolidated business in 2019).
As a result, we are raising our May forecast to over 75% of 2019 turnover for
the same month.
We do nevertheless remain cautious, fearing a temporary increase in orders due
to re-stocking by certain customers and a bout of post-confinement spending by
many consumers.
We will get back to you on June 9 after trading closes with figures on May
sales and the outlook for June.
After ten weeks of crisis, there have been no payment delays amongst our
customers, with the notable exception of one wholesaler in the professional
channel, one of the group's top ten customers. Our teams are making every
effort to correct this situation in a timely fashion.
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