Financial information


PER in 2020

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 at 70%) and the number of shareholders ensure good liquidity.
Trading volumes increased by 49% in 2020. On a daily average, 8,536 Thermador Groupe shares were traded, with a peak in March.
(in € calculated on 9,200,849 shares)
(number of employees)
*excluding Ets E. Rousseau, Rousseau SA and Distrilabo
(in €)
(PER calculated on the average price of the year)

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* Stock exchange data figures are adjusted to take into account allocations of free shares (one four six in November 2011), the nominal division of the share by 2 in May 2012 and the nominal division of the share by 2 in May 2018.



Dividend

Reminder of dividends over the last three financial years.Reminder of dividends over the last three financial years.
Reminder of dividends over the last three financial years.
In eurosDividend per shareTotal amount
20151.6014,208,992
20161.6014,397,654
20171.7015,486,578
20181.7515,939,966
20191.8016,397,554
20201.8216,745,545

 

For 2020, we propose a dividend of 1.82 per share. This represents 46.3% of consolidated net profit.

On the basis of the average 2020 (€53.50), the yield is 3.36%.

Dividend detachment : April 13, 2021

Payment of dividends : April 21, 2021

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Results announcement press release


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Press release




Annual results


Equity variation statements

In thousands of euros at december 31, 2020

Equity variation
statements
CapitalReserves
linked
to capital
Shares
held
internally
Retained
earnings
Profits
recorded
directly as
shareholders’
equity
Total
group
share
Minority
shareholders
Total
shareholders’
equity
Situation on 31/12/201836,43944,807122,100(51)203,295174203,469
Dividends paid*(15,940)(15,940)(2)(15,942)
Allocation of profits the reserves1,651(1,651)
Fair value of financial instruments323232
Foreign exchange differential(14)(14)(14)
Actuarial gains(260)(260)(260)
Profit of the period32,37332,373532,378
Situation on 31/12/201936,43946,458 136,882 (293)219,486177219,663
Dividends paid**(16,395)(16,395)(16,395)
Allocation of profits the reserves3,160(3,160)
Increase in capital364 2,487 2,8512,851
Fair value of financial instruments(538)(538)(538)
Foreign exchange differential222
Actuarial gains(172)(172)(172)
Other variations(12)(12)
Profit of the period36,18036,180436,184
Situation on 31/12/202036,80352,105153,507 (1,001)241,414169241,583

* 2018 dividend: €1.75 on 9,108,552 shares; treasury shares owned on the day of detachment of dividend rights (i.e. 1,200 shares) did not result in dividends being paid.
** 2019 dividend: €1.80 on 9,108,552 shares paid in 2020, treasury shares owned on the day of detachment of dividend rights (i.e. 1,200 shares) did not result in dividends being paid.

Global consolidated profit statement

In thousands of euros

Consolidated profit and loss account202020192018
Net turnover395,500368,836311,190
Other income from activity784718 1,000
Purchases consumed(252,151)(234,593)(196,587)
Personnel charges(46,686)(42,867)(35,048)
External costs (33,689)(33,380)(28,643)
Taxes(4,697)(4,586)(4,033)
Depreciation and amortisation(5,432)(4,663)(4,062)
Depreciation and amortisation - IFRS 16 impacts(1,071)(854)
Increase in provisions(664)(464)107
Other earnings, other operating expenditure(483)(326)128
Operating profit51,41147,82144,052
Cash earnings and equivalent(139)(25)2
Gross cost of debt(199)(182)(129)
Financial charges - IFRS 16 impacts(54)(31)
Taxes(14,835)(15,205)(14,771)
Net profit36,18432,37829,154
Net profit as a portion of the group36,18032,37329,142
Net profit attributable to minority interests4512
Net profit per share in euros (1) 3.93 3.55 3.20
Net profit per share after dilution in euros (2) 3.73 3.37 3.03
Statement of other elements of net overall consolidated profit202020192018
Net profit36,18432,37829,154
Other elements of overall profit
Actuarial discrepancy on end-of-career commitment provision(172) (260)3
The fair value of financial instruments(538) 3259
Total overall profit35,47432,15029,216
Total overall profit - Portion of group35,47032,14529,204
Total of overall profit allocated to minority interests4512

(1) The result per share is calculated on:
2018: 9,109,752 shares from which we have deducted the 1,200 own shares.
2019: 9,109,752 shares from which we have deducted the 1,200 own shares.
2020: 9,200,849 shares from which we have deducted the 1,200 own shares.
(2) Profit per share after dilution is calculated on:
2018: 9,108,552 shares from which we have added 500,000 shares corresponding to unissued authorised capital of €2,000,000.
2019: 9,108,552 shares from which we have added 500,000 shares corresponding to unissued authorised capital of €2,000,000.
2020: 9,199,649 shares from which we have added 500,000 shares corresponding to unissued authorised capital of €2,000,000.

Cash flow statement

In thousands of euros at december 31, 2020

31/12/202031/12/201931/12/2018
Consolidated net profit 36,184 32,37829,154
Plus or minus latent gains due to fair value variations---
Plus or minus net depreciation expense and provisions 5,609 4,7123,989
Plus or minus depreciation allowance - IFRS 16 impacts 1,071 854-
Plus financial charges – IFRS 16 impacts 54 31-
Capital gains or losses from disposals(93) 68(503)
Cash flow from operations after net financial cost and taxes 42,825 38,043 32,640
Taxes 14,835 15,20514,771
Cash flow from operations before net financial cost and taxes 57,660 53,24847,411
Taxes paid(14,994) (15,269)(14,751)
Cash flow from operations before net financial cost and after taxes 42,666 37,979 32,660
Change in operating working capital(3,426) 5,206 (14,315)
Of which, Variation in trade receivables(7,019) (4,874) 2,281
Of which, stock variations 5,098 936 (10,926)
Of which, accounts payable variations(1,132) 7,226 (4,619)
Of which, other receivables variations 2,339 (2,862) (44)
Of which, other debt variations(2,712) 4,780 (1,007)
Net cash flow from operating activities 39,240 43,185 18,345
Net cash flow from operations of change in scope(4,967) (4,779)(18,982)
Disbursements related to acquisitions of fixed assets(10,610) (8,589)(5,462)
Receipts from sale of assets 119 59515
Owing to assets suppliers (variation) 1,113 1,093213
Net cash flows from investments(14,345) (11,680) (24,216)
Free cash flow 24,895 31,505 (5,871)
Dividends paid to shareholders of the parent company(16,397) (15,940)(15,487)
Loan subscriptions 7,000 5,20022,001
Increase in capital 2,851 --
IFRS 16 financing flows(1,147) (871)-
Loan repayments(9,576) (10,629)(6,208)
Net cash flows from financing activities(17,269) (22,240)306
Net cash flow 7,626 9,265 (5,565)
Opening cash 32,305 23,040 28,605
Closing cash 39,931 32,305 23,040

Profit and loss account

In thousands of euros202020192018
Operating profits
Business lease payments2,6712,5762,432
Other business lease payments3,0863,0772,847
Payment for services1,9081,6501,341
Reversals of provisions and expense transfers618508543
Other revenues1
Total operating profits8,2837,8117,164
Operating expenses
Business lease payments recharged 2,671 2,5762,432
Other purchases and external charges excluding business lease payments 2,191 2,0362,009
Taxes other than corporation tax 138 198181
Wages and salaries 1,161 1,042927
Social security charges 510 420380
Depreciation and amortisation420305254
Increase of provisions722937
Other operating expenses119108101
Total operating expenses7,2826,7146,321
Operating profit1,0011,097843
Financial Profits
Dividends from investments (1)22,53419,84818,273
Interests on intercompany loans122950
Net earnings from sales of investment securities
Financial income from investments21216
Reversals of provisions and expense transfers9
Positive exchange rate variations3,4223,0202,447
Total financial profits25,97022,91820,786
Financial expenses
Amortisation and provisions for financial assets9
Net interest payable (2)203200143
Negative exchange rate variations3,5053,0562,858
Total financial expenses 3,708 3,256 3,010
Net interest (payable)22,26219,66217,776
Profit on ordinary activities before tax23,26320,75918,619
Total extraordinary income(2)
Current tax charge 1,122 1,203 1,028
Net profit22,14119,55417,591
(1) Of which income from associated companies.22,54619,88518,323
(2) Of which interest from associated companies.133233

Financial statement

In thousands of euros at december 31, 2020

Assets31/12/202031/12/201931/12/2018
Non-current assets:
Consolidated goodwill56,31753,28650,804
Intangible assets9,2386,8184,757
Tangible assets67,12261,61954,758
- Land10,87010,83410,834
- Buildings42,22735,79536,650
- Other tangible assets6,3765,7705,619
- Tangible assets in progress4,6536,2651,655
- Rights of use in rental contracts2,9962,955
Financial investments313298278
Deferred tax assets1,3611,2701,328
Total non-current assets134,351123,291111,925
Current assets:
Stock (goods)119,541123,046122,782
Trade notes and accounts receivable73, 14163,93158,118
Corporate tax639685851
Deferred tax assets420487421
Other receivables10,80812,59710,017
Cash and cash equivalent40,32532,49424,069
Total current assets244,874233,240216,258
Total assets379, 225356,531328,183
Liabilities31/12/202031/12/201931/12/2018
Equity:
Share capital and reserves 88,908 82,897 81,246
Consolidated reserves 116,326 104,216 92,907
Portion of net profit allocated to the group 36,180 32,373 29,142
Minority interests 169 177 174
Total shareholders’ equity 241,583 219,663 203,469
Non-current liabilities
Loans and long-term financial debt 25,811 29,764 36,096
Rental obligations over one year 1,936 1,951
Deferred tax liabilities 3,694 3,329 3,026
Provisions for end-of-career commitment 4,491 3,724 3,225
Total non-current liabilities 35,932 38,768 42,347
Current liabilities
Current provisions 539 606 708
Rental obligations under one year 1,036 1,018
Short-term loans 394 189 1,029
Current portion of loans and financial long-term debt 13,188 11,760 10,606
Accounts payable 52,760 52,254 44,268
Equipment supply accounts payable 2,623 1,510 417
Tax payable 1,336 1,983 942
Tax and social charges debt 14,081 13,927 11,780
Other liabilities 15,753 14,853 12,617
Total current liabilities 101,710 98,100 82,367
Total liabilities and shareholders’ equity 379,225 356,531 328,183

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Quarterly information




Analysis