Relationship with our shareholders

Annual shareholder events


Our communications agency Opaline organised six web conferences with simultaneous English translation, in the days following our publication dates. Two of them were dedicated to institutional investors from France and abroad.

These events are attended by private shareholders, institutionalinvestors and employees, both novices and experts, who can attend live or watch on catch-up. They can ask their questions in the chat room and Thermador Groupe executives answer them live.

Institutional Investor

Participating at in-person and virtual shows during the year gives us access to institutional investors that generate an average of ten
meetings per day.

✣ 3 days at the Oddo Midcap Digital Forum in January in Lyon.
✣ 2 days at the Next Cap digital forum with Oddo in June.
✣ 1 day at the forum with Portzamparc in June.
✣ 1 day at the Lyon Pôle Bourse investor forum in September in Lyon.
✣ 1 day with Midcap Events in September in Paris.
✣ 1 day on Impact Investing with Portzamparc in November.
✣ 1 day at Next’up Ethifinance ESG forum in November in Paris.
✣ 1 day with CM-CIC Market solutions in November

Throughout the year, we have many contacts by telephone, in person, or during road shows, most often in Paris. Investors particularly
appreciate having simple, direct contact with the chairman & CEO and the Deputy CEO in charge of finance.
Our head of Sustainability participated in several webmeetings and in the ESG Next’up Ethifinance forum.


Investir Day

We were at Palais Brongniart on November 28, 2023 for the 5th edition of Investir Day during which we met 140 private shareholders, organised a shareholder meeting and answered various interviews.

Future shareholders' observatory

We take part in this working group with Air Liquide, Axa, Edenred, Engie, Orange, L’Oréal, and Wavestone. The Observatoire des Actionnaires d’Avenir (OAA) works to promote individual and employee shareholding in order to encourage the redirection of French people’s savings towards the national production system, with a view to the long term and to maintaining decision-making centres in France.

F2iC and NextWise

In partnership with French federation of private investors and investment clubs, F2iC (Fédération des Investisseurs Individuels et des Clubs d’investissement), we visited Nantes, accompanied by Interparfums and Wendel (110 people present) and then Annecy, accompanied by Interparfums and Gecina (109 people present).

We were also involved in the 3rd Dauphine - NextWise challenge, an educational course designed with and for students.

At Investir Day, in partnership with NextWise, we organised a quiz with the chance of winning a VIP visit to our Saint-Quentin-Fallavier site in the company of Patricia Mavigner and Guillaume Robin. 112 students took part in the quiz, 17 of whom won and will visit the Group in the spring of 2024.

Retired employees and former employees

They hold 6.7% of capital,
directly or via Thermador’s company's mutual fund, FCPE.


The employees are signatories to a stock market charter and may only trade on the market four times per year during three-week windows following the publication of turnover levels (1st and 3rd quarter) and half-yearly results (1st half and annual).

Since 2017, we have invited all employees to a pre-AGM meeting to take time to explain the process of governance, the role of independent directors, and the proposed resolutions. The floor is also given during this meeting to the FCPE supervisory board’s employee representatives (3.5% of capital) who are thus fully informed to vote according to their views at the time of the AGM. Traditionally, employee-shareholders (0.7% of capital) are loyal attendees at the AGM. There were about 66 of them at the 2023 edition.

Retired and former employees often remain shareholders, and many attend the AGM too. They hold 2.5% of capital.

At the General Meeting of Shareholders on April 2, 2024, we will propose a capital increase reserved for all our employees in order to reach our target of 8.5% of capital held by employees (active and retired) by 2030. This scheme, which can be renewed each year, is designed to reward and even encourage the loyalty of our employees (see resolution 17 on page 195).

Development of one part of the Thermador Groupe's collective employee shareholding plan