Thermador: Oddo BHF reduces its target price

(CercleFinance.com) - While maintaining its 'neutral' rating on Thermador Groupe shares, Oddo BHF has reduced its target price for them from E88 to E82, following the group's announcement of annual sales of E503.
9m, down 13.3%, and below its expectation of E511m.

2024 will have been a complicated year for all the segments addressed by the Thermador group, the analyst notes, who, seeing a still difficult start to 2025, has reduced his estimates for the group over the coming year.

M&A and the first signs of recovery expected in H2 2025 (energy renovation) or even in 2026 (new housing) should give us the visibility we need to return to a more positive outlook, he believes.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.