Financial information

PER in 2023

Dividend per share

Consolidated net profit as a portion of the group (€ million)

Operating profit (€ million)

Consolidated turnover (€ million)

Market capitalization (€ million)

(in € million)
Liquidity: the large number of floating investors (estimed by Euronext at 65%) and the number of shareholders ensure good liquidity.
Trading volumes decreased by 11.9% in 2023.
On a daily average, 7,594 Thermador Groupe shares were traded, with a peak in October.
(in € calculated on 9,200,849 shares)
(number of employees)
(in €)
(PER calculated on the average price of the year)

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** Stock exchange data figures are adjusted to take into account of the nominal division of the share by two in May 2018.

Dividends

Reminder of dividends over the last 6 financial years.
In eurosDividend per shareTotal amount
20161.6014,397,654
20171.7015,486,578
20181.7515,939,966
20191.8016,397,554
20201.8216,745,545
20212.0018,401,698
20222.0819,137,765
20232.0819,137,483

For 2023, we propose a dividend of €2.08 per share. This represents 32.8% of consolidated net profit.

On the basis of the average 2023 price (€85.75), the yield is 2.43%.

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Equity variation statements

Equity variation
statements		CapitalReserves
linked
to capital		Treasury
shares		Retained
earnings		Profits
recorded
directly as
shareholders’
equity		Total
group
share		Minority
shareholders		Total
shareholders’
equity
Situation on 31/12/202236,803 64,600 (220)218,144 (498)318,829 318,829
Dividends paid(19,132)(19,132)(19,132)
Allocation of profits the reserves13,533 (13,533)
Increase in capital886 886 886
Purchase of own shares IFRS 2 - impacts(169)(169)(169)
Translation adjustments13 13 13
Actuarial adjustments(167)(167)(167)
Treasury share transactions209 209 209
Profit of the period58,299 58,299 58,299
Situation on 31/12/202336,803 78,133 (11)243,623 221 358,769 358,769

Global consolidated profit statement

In thousands of euros

CONSOLIDATED PROFIT STATEMENTSNotes20232022
NET TURNOVER1 - 2580,950553,859
Other income from activity 675  1 323
Purchases consumed3(374,438)(361,014)
Cost of goods sold4(63,726)(58,084)
External costs3 - 27(45,443)(42,548)
Taxes, of which CVAE (French local added-value tax)(4,262)(4,392)
Depreciation and amortisation - excluding IFRS 1616(8,635)(6,640)
Depreciation and amortisation - IFRS 16 impacts15 - 16(1,903)(1,519)
Increase in provisions5 - 8 - 9 - 23(1,996)(995)
Other earnings, other operating expenditure(381)(398)
OPERATING PROFIT1 - 380,84179,592
Cash earnings and equivalent21635
Gross cost of debt(1,170)(526)
Financial charges - IFRS 16 impacts15(154)(55)
Taxes25(21,434)(20,147)
NET PROFIT58,29958,899
Net profit as a portion of the Group358,29958,899
Net profit attributable to minority interests - -
Net profit per share in euros (1) 6.34 6.40
Net profit per share after dilution in euros (2) 6.01 6.07
BREAKDOWN OF THE NUMBER OF SHARES20232022
For net earnings per share
Total number of shares 9,200,849 9,200,849
Number of treasury shares held 136 3,000
(1) Number of shares taken into account to calculate net profit per share 9,200,713 9,197,849
Net profit per share after dilution
Total number of shares 9,200,849 9,200,849
Number of treasury shares held 136 3,000
Number of shares representing authorised, unissued capital of €2,000,000 500,000 500,000
(2) Number of shares taken into account to calculate net profit per share 9,700,713 9,697,849
Statement of other elements of net overall consolidated profitNotes20232022
NET PROFIT 58,299 58,899
Other elements of overall profit:
Actuarial discrepancy on end-of-career commitment provision5(167) 860
Operations on treasury shares17- -
The fair value of financial instruments22 886 (1,127)
Foreign exchange differences13  -
Total overall profit59,03158,632
TOTAL OVERALL PROFIT - PORTION OF GROUP59,03158,632
TOTAL OF OVERALL PROFIT ALLOCATED TO MINORITY INTERESTS00

Cash flow statement

In thousands of eurosNotes31/12/202331/12/2022
CONSOLIDATED NET PROFIT358,29958,899
Purchase of own shares - Impact IFRS 2540137
Net depreciation charge excluding IFRS 16 and provisions (non-current)5 - 8 - 9 - 16 - 238,9917,331
Plus or minus depreciation allowance - IFRS 16 impacts161,9031,519
Plus financial charges - IFRS 16 impacts15456
Capital gain or less on disposal75(103)
CASH FLOW FROM OPERATIONS AFTER NET FINANCIAL COST AND TAXES69,46267,839
Taxes2521,43420,147
Cash flow from operations before net financial cost and taxes90,89687,986
Taxes paid25(21,407)(20,631)
CASH FLOW FROM OPERATIONS BEFORE NET FINANCIAL COST AND AFTER TAXES69,48967,355
Change in operating working capital7(12,970)(42,183)
NET CASH FLOW FROM OPERATING ACTIVITIES56,51925,172
Net cash flow from operations of change in scope - (27,881)
Outflow related to acquisitions of tangible and intangible fixed assets1 - 14(7,655)(11,037)
Proceeds from disposal and redemption of non-derivative financial assets142465
Proceeds from disposal of property, plant and equipment38213
Owing to assets suppliers (variation)11(780)3,949
NET CASH FLOWS FROM INVESTMENTS(8,373)(34,691)
FREE CASH FLOW48,146(9,519)
Dividends paid to shareholders of the parent company18(19,132)(18,396)
Loan subscriptions-31,000
Flows on operations on treasury shares- -
IFRS 16 financing flows(2,005)(1,585)
Loan repayments(8,712)(13,181)
NET CASH FLOWS FROM FINANCING ACTIVITIES(29,849)(2,162)
INDEX OF CURRENCY FLUCTUATIONS13-
NET CASH FLOW VARIATION18,310(11,681)
OPENING CASH13,30824,989
Incl. positive cash16,03127,379
Incl. short term loans(2,723)(2,390)
CLOSING CASH31,61813,308
Incl. positive cash35,23716,031
Incl. short term loans(3,619)(2,723)

Profit and loss account

Values in thousands of euros20232022
OPERATING REVENUES
Business lease payments2,8472,748
Other business lease payments4,6084,532
Payment for services3,6383,168
Reversals of provisions and expense transfers 1,0241,020
Other revenues  
TOTAL OPERATING REVENUES12,11711,467
OPERATING EXPENSES
Business lease payments recharged2,8582,748
Other purchases and external charges excluding business lease payments3,5803,326
Taxes other than corporation tax138152
Wages and salaries2,2152,002
Social security charges  927825
Depreciation and amortisation771624
Increase of provisions59
Other operating expenses  244185
TOTAL OPERATING EXPENSES10,7929,862
OPERATING PROFIT1,3251,605
FINANCIAL REVENUES
Dividends from investments (1)33,69833,578
Interest on intercompany loans2,516127
Net earnings from sales of investment securities
Financial income from investments7
Reversals of provisions and expense transfers
Positive exchange rate variations6,42418,763
TOTAL FINANCIAL REVENUES42,63852,475
FINANCIAL EXPENSES
Amortisation and provisions for financial assets
Net interest payable (2)3,224  450
Exchange rate losses 6,861  19,878
TOTAL FINANCIAL EXPENSES 10,085  20,328
NET INTEREST (PAYABLE)32,55332,147
PROFIT ON ORDINARY ACTIVITIES BEFORE TAX33,87832,752
TOTAL EXTRAORDINARY INCOME (278)6
CURRENT TAX CHARGE8251,088
NET PROFIT33,05932,664
(1) Of which, income from associated companies. 36,02133,704
(2) Of which, interest from associated companies. 2,344 70

Financial statement

31/12/2022
Values in thousands of euros31/12/202331/12/2022
AssetsGrossDepreciations & ProvisionsNetNet
FIXED ASSETS
Intangible assets:
- Business goodwill5,7175,7175,717
- Other intangible assets5,0863,9211,1651,652
Tangible assets:
- Technical facilities, industrial equipment and tooling
- Other tangible assets 1,566   1,016 550 358
Financial assets:
- Investments158,374158,374158,375
- Intercompany receivables22,18822,18821,396
- Other financial assets776
TOTAL FIXED ASSETS192,9384,937188,001187,504
CURRENT ASSETS
Receivables:
- Trade notes and accounts receivables445
- Other receivables19,06019,06028,645
Investment securities 12 1 11 221
Cash and cash equivalent26,61326,61311,959
Accrual accounts:
- Prepaid expenses 456 456 168
TOTAL CURRENT ASSETS46,145 146,14440,998
OVERALL TOTAL239,0834,938234,145228,502

Liabilities31/12/202331/12/2022
NetNet
SHAREHOLDERS’ EQUITY
Capital36,80336,803
Issue premium23,02823,028
Reserves:
- Legal reserve3,6803,680
- Other51,42437,891
Result for the financial year (profit)33,05932,664
TOTAL SHAREHOLDERS’ EQUITY147,994134,066
PROVISIONS FOR LIABILITES AND CHARGES
Provisions for charges298514
TOTAL PROVISIONS FOR LIABILITES AND CHARGES298514
LIABILITIES
Bank borrowings35,93646,030
Trade notes and accounts payables855 737
Tax and social liabilities1,5381,385
Debt on fixed assets and related accounts5,1875,397
Other liabilities42,33740,373
TOTAL LIABILITIES85,85393,922
OVERALL TOTAL234,145228,502

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