Thermador Groupe reports sales of €170.5 million for the first three months of the year, up 19.5%, with 'economic activity holding up despite high inflation and a substantial rise in interest rates'.

The plumbing equipment supplier claims like-for-like growth of 10.3%, while continuing to pass on cost increases to its customers, at a rate of 9.6% compared with the first quarter of 2022.

"However, we are seeing a slowdown in demand in March, in all our markets and distribution channels", warns Thermador, reminding us that a dividend of 2.08 euros per share was paid on April 14.

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