THERMADOR GROUPE THERMADOR GROUPE
Private limited company with capital of €36,803,396 Head office: SAINT-QUENTIN-FALLAVIER
(France / Isère). 60 rue de Luzais.
339 159 402 companies register of Vienne
I. - Financial statement June 30, 2023
(in thousands of euros)
Assets | 30/06/2023 | 30/06/2022 | 31/12/2022 |
Non-current assets: | |||
Goodwill | 78 998 | 56 317 | 78 998 |
Intangible assets | 21 357 | 8 767 | 22 460 |
Tangible assets: | 84 279 | 78 995 | 81 410 |
Land | 11 276 | 10 870 | 11 275 |
Buildings | 52 020 | 45 710 | 51 149 |
Other tangible assets | 9 862 | 8 936 | 8 882 |
Tangible assets in progress | 2 452 | 7 572 | 3 567 |
Right of use in rental contracts | 8 669 | 5 907 | 6 537 |
Financial investments | 560 | 410 | 428 |
Deferred tax assets | 1 340 | 1 324 | 1 238 |
Total non-current assets | 186 534 | 145 813 | 184 534 |
Current assets: | |||
Stock (goods) | 192 100 | 184 314 | 190 362 |
Trade notes and accounts receivable | 126 421 | 118 108 | 100 806 |
Current tax assets | 347 | 565 | 1425 |
Deferred tax assets | 428 | 564 | 493 |
Other receivables | 14 638 | 15 531 | 13 509 |
Financial instruments | 590 | ||
Cash and cash equivalent | 15 296 | 3 546 | 16 031 |
Total current assets | 349 230 | 323 218 | 322 626 |
Total assets | 535 764 | 469 031 | 507 160 |
28/07/2023 | 2023 Half-Yearly statements | Page 2 of 29 |
Liabilities | 30/06/2023 | 30/06/2022 | 31/12/2022 |
Equity: | |||
Share capital and reserves | 114 936 | 101 403 | 101 403 |
Consolidated reserves | 185 587 | 159 234 | 158 527 |
Portion of net profit allocated to the group | 34 516 | 30 825 | 58 899 |
Minority interests | 161 |
Total shareholders' equity | 335 039 | 291 623 | 318 829 |
Non-current liabilities: | |||
Loans and long-term financial debt | 32 965 | 9 814 | 35319 |
Rental obligations over one year | 6 962 | 4 615 | 5089 |
Deferred tax liabilities | 6 184 | 3 439 | 6432 |
Provisions for end-of-career commitment | 3 600 | 4 134 | 3463 |
Total non-current liabilities | 49 711 | 22 002 | 50 303 |
Current liabilities: | |||
Current provisions | 579 | 602 | 624 |
Rental obligations under one year | 1 720 | 1 272 | 1439 |
Short-term loans | 3 367 | 18 749 | 2723 |
Current portion of loans and financial long-term debt | 7 575 | 9 388 | 8521 |
Accounts payable | 82 421 | 78 718 | 71455 |
Equipment supply accounts payable | 6 303 | 2 296 | 6600 |
Current tax liabilities | 1 740 | 2 116 | 3450 |
Tax and social charges debt | 26 661 | 24 882 | 19138 |
Other liabilities | 20 648 | 17 383 | 24078 |
Total current liabilities | 151 014 | 155 406 | 138 028 |
Total liabilities and shareholders' equity | 535 764 | 469 031 | 507 160 |
28/07/2023 | 2023 Half-Yearly statements | Page 3 of 29 |
- - Global consolidated profit statement June 30, 2023 (in thousands of euros)
Consolidated profit and loss account | 1st half 2023 | 1st half 2022 | FY 2022 |
Net turnover | 323 665 | 287 553 | 553 859 |
Other income from activity | |||
400 | 402 | 1 323 | |
Purchases consumed | -210 830 | -187 669 | -361 014 |
Personnel charges | -32 736 | -29 721 | -58 084 |
External costs | -24 730 | -22 174 | -42 548 |
Taxes | -2 741 | -2 768 | -4 392 |
Depreciation and amortization | -4 192 | -2 991 | -6 640 |
Depreciation and amortization - IFRS 16 impacts | -963 | -755 | -1 519 |
Increase in provisions | -372 | -363 | -995 |
Other earnings, other operating expenditure | -319 | -203 | -398 |
Operating profit | 47 182 | 41 311 | 79 592 |
Change in the fair value of financial instruments | |||
Cash earnings and equivalent | 3 | 39 | 35 |
Gross cost of debt | -590 | -153 | -526 |
Financial charges - IFRS 16 impacts | -64 | -38 | -55 |
Taxes | -12 015 | -10 343 | -20 147 |
Net profit | 34 516 | 30 816 | 58 899 |
Net profit as a portion of the group | 34 516 | 30 825 | 58 899 |
Net profit attributable to minority interests | |||
0 | -9 | - | |
Net profit as a portion of the group per share in euros * | 3,75 | 3,35 | 6,40 |
Net profit per share after dilution in euros ** | 3,56 | 3,18 | 6,07 |
* Earnings per share are calculated on 9,197,849 shares, 9,200,849 shares from which we have deducted the 3,000 treasury shares held on June 30, 2023, June 30, 2022 and December 31, 2022.
- Earnings per share after dilution are calculated on 9,697,849 shares, i.e., existing shares minus 3,000 treasury shares plus 500,000 shares corresponding to authorised non-issued capital of €2,000,000.
Statement of other elements of net overall consolidated | 1st half 2023 | 1st half 2022 | FY 2022 | ||
profit | |||||
Net profit | 34 516 | 30 816 | 58 899 | ||
Other elements of overall profit: | |||||
Actuarial discrepancy on end-of-career commitment | 860 | ||||
provision | |||||
Operations on treasury shares | |||||
Fair value of financial instruments | 761 | 495 | - 1 127 | ||
Total overall profit | 35 277 | 31 311 | 58 632 | ||
Total overall profit - Portion of the group | 35 277 | 31 320 | 58 632 | ||
Total overall profit allocated to minority interests | 0 | -9 | 0 | ||
28/07/2023 | 2023 Half-Yearly statements | Page 4 of 29 |
III. - Cash flow statement June 30, 2023 (in thousands of euros)
Cash flow statement | 30/06/2023 | 30/06/2022 | 31/12/2022 | |
Consolidated net profit | 34 516 | 30 816 | 58 899 | |
Fair value of the derivative financial instruments | ||||
Purchase of own shares - IFRS 2 impact | 63 | 68 | 137 | |
Plus, or minus net depreciation expense and provisions | 4 334 | 3 195 | 7331 | |
Plus, or minus depreciation allowance - IFRS 16 impacts | 913 | 755 | 1519 | |
Plus, financial charges - IFRS 16 impacts | 64 | 38 | 56 | |
Transfer gains/losses | 70 | -38 | -103 |
Cash flow from operations after net financial cost and taxes | 39 960 | 34 834 | 67 839 | |
Taxes | 12 015 | 10 343 | 20 147 | |
Cash flow from operations before net financial cost and taxes | 51 975 | 45 177 | 87 986 | |
Taxes paid | - 12 495 | - 10 764 | - 20 631 | |
Cash flow from operations before net financial cost and after taxes | 39 480 | 34 413 | 67 355 | |
Change in operating working capital | -13 090 | - 43 149 | - 42 183 | |
Net cash flow from operating activities | 26 390 | -8 736 | 25 172 | |
Net cash flow from operations of change in scope | 0 | 0 | - 27 881 | |
Disbursements related to acquisitions of tangible and intangible fixed assets | -4 112 | -5 289 | - 11 037 | |
Proceeds from disposal and redemption of non-derivative financial assets | 14 | 65 | ||
Proceeds from disposal of property, plant and equipment | 18 | 44 | 213 | |
Owing to assets suppliers (variation) | -297 | -355 | 3 949 | |
Net cash flow from investments | -4 377 | -5 600 | -34 691 | |
Free cash flow | 22 013 | - 14 336 | - 9 519 | |
Dividends paid to shareholders of the parent company | -19 131 | -18 396 | -18 396 | |
Loans subscriptions | 31 000 | |||
Increase in capital | ||||
IFRS 16 financing flows | -953 | -812 | - 1 585 | |
Loan repayments | -3 308 | -6 648 | - 13 181 | |
Net cash flow from financing activities | - 23 392 | - 25 856 | - 2 162 | |
Net cash flow variation | - 1 379 | - 40 192 | - 11 681 | |
Opening cash | 13 308 | 24 989 | 24 989 | |
incl. Positive cash | 16 031 | 27 379 | 27 379 | |
incl. Short term loans | -2 723 | -2 390 | -2 390 | |
Closing cash | 11 929 | - 15 203 | 13 308 | |
incl. Positive cash | 15 296 | 3 546 | 16 031 | |
incl. Short term loans | -3 367 | -18 749 | - 2 723 |
28/07/2023 | 2023 Half-Yearly statements | Page 5 of 29 |
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Thermador Groupe SA published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 16:26:10 UTC.
