THERMADOR GROUPE (EPA:THEP) - Thermador Groupe : Coronavirus, impact on turnover June 9, 2020
Transparency directive : regulatory news
09/06/2020 18:00
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Press releaseSaint-Quentin-Fallavier - June 9, 2020 - 6pm
Coronavirus: impact on turnover
Professional trading continued to rise fairly steadily over the last two weeks
of May. At the same time, we recorded very sudden, strong recovery in orders
from DIY superstores.
Over the whole of May, group companies selling to professionals limited
turnover losses to 16%. Those selling general retail products finally have
increased their turnover by 2% vs last year. On a consolidated average, we
managed to limit the decline in sales to 12% compared to May 2019, after a 43%
drop in April. We extend our warmest thanks to our staff for their confidence
and commitment during this very anxious period.
In June, we expect to reach 90% of 2019 sales for the same month. To constant
scope, this equates approximately to a 21% fall in sales for Q2 and a 11% fall
for the first half of the year.
Also, we have secured a commitment for staggered payments up until July 15 2020
from the only major customer for whom we have noted substantial delays in
payment.
We now believe that we have emerged from the intense turbulence caused by this
crisis. We will therefore be resuming normal communications and will be with
you on July 16 after the close of trading for the publication of sales figures
for the first half of 2020, on July 30 after the close of trading for the
publication of our results and on July 31 at 6pm for a webinar reserved to our
shareholders.
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