THERMADOR GROUPE : Q1 turnover 2013: -8.7%

Q1 turnover 2013: -8.7% -------------------------------------+---------+----------+----------- In thousands of euros | Q1 2013 | Q1 2012 | Variation -------------------------------------+---------+----------+----------- Breakdown by business: |   |   | | | | Sferaco, valves | 11,831 | 13,199 | - 10...

Q1 turnover 2013: -8.7%

 

 

 

We have come to the end of the first quarter of 2013 with a net fall in turnover. Besides the unfavourable economic environment, this can be explained by the high growth reported in the first quarter of 2012 (+18% compared to 2011) and a less favourable calendar situation, with two fewer days' invoicing.

 

 

Prospects

However, we remain positive for the rest of the year, in that the actions we have undertaken to compensate for the weakness of the market will produce results: launch of new products and new product ranges, exploration of new geographical areas, gaining market share and price adjustments.

Our very positive cash flow situation and our debt-free balance sheet mean we can continue with these fundamental tasks, with an easy conscience.

 

Ordinary General Meeting of April 8^th, 2013

All resolutions were adopted.

 

 

 

 

 

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