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8 insiders bought €117k of shares over the last 90 days, the latest by Arlette BERLIOCCHI, filed 20 Aug 2026.
Thermador Groupe: what insiders have been doing
This page follows insider dealings at Thermador Groupe as filed with AMF, a company from the Industry sector. In the past year (23 October 2025 to 23 October 2026), 24 filings came from 13 insiders.
Open-market activity splits into 22 purchases totalling €169k and 2 sales totalling €166k; 11 insiders sit on the buying side and 2 insiders on the selling side. Taken together, the purchases exceed the sales by €3,161. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. On the buying side, the filings list 9 chief executives among the declarants. Biggest ticket of the year: €144k, sold by Xavier ISAAC and made public on 13 March 2026 (0.023% of market cap).
In the case of 20 purchases, another manager of the company was buying within the same 30 days. Purchases made close together by different insiders form what is called a cluster. The most recent open-market purchase was published on 20 August 2026, 64 days ago. Between a trade and the moment it shows up on AMF, the median delay is 1 day. Under the Market Abuse Regulation, managers have three business days to notify their trades.
With 24 filings in twelve months, the company is more active than the median of 7 filings across the 313 companies we follow on the same exchange. Since 2021, the database holds 154 purchases and 41 sales by insiders of the company.
Elsewhere in the same sector, our signals recently picked up insider purchases at Bolloré SE and Auroora Yhtiöt Oyj. Source: insider filings from AMF. Past trades are no guide to future returns.
Insider Decl.
198
Thresholds
n/a
Buy Volume
€2M
154 ops. · all time
Sell Volume
€3M
41 ops. · all time
Who traded when
BuySaleYves RUGET8 buys
Marylène PATTARD7 buys
Frank BOURGOIS5 buys
Guillaume Jean ROBIN5 buys
Franck MAVIGNER4 buys
Christophe Arquilliere3 sales
+14 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Thermador Groupe Strong Buy (bullish), based on 3 analysts. Average price target: €89.33.
Fundamental score
Ranked 3,469 of 26,284 companies
71.5
score / 100
Value77
Quality67
FCF yld11%
Earn yld7.9%
EV/EBITDA8.4x
ROE12%
Gross mgn37%
Net mgn8.8%
Debt/EBITDA0.7x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€61.10
Analyst consensus
3 analystsStrong buy
€84.00Target €89.33(+46%)€93.00
Income statement
Revenue€501.7M
Gross profit€185.3M37% margin
EBITDA€72.7M14% margin
Net income€44.1M9.0% margin
Valuation
PER (trailing)12.3x
PER (forward)10.7x
P/Book1.4x
Beta0.80
Balance sheet & cash
Market cap€560.3M
Total debt€51.7M
Free Cash Flow€63.6M
Debt / Equity13%
Profitability & ownership
ROE12.0%
ROA7.0%
% insiders38.0%
% institutions34.3%
Last declaration on 24 August 2026
Declarations198 total
280 shares@ €77.560.0034% mcap9.9% of flowActionEuronext ParisISIN FR00133334322026DD1134455
284 shares@ €77.52780.0034% mcap16.6% of flowActionEuronext ParisISIN FR00133334322026DD1134210
Canonical exit: 17 Nov 2026 (T+90)
180 shares@ €76.7150.0022% mcap18.4% of flowActionEuronext ParisISIN FR00133334322026DD1134053
Canonical exit: 16 Nov 2026 (T+90)
100 shares@ €76.000.0012% mcap10.0% of flowActionEuronext ParisISIN FR00133334322026DD1134141
Canonical exit: 16 Nov 2026 (T+90)
40 shares@ €77.400.0005% mcap10.5% of flowActionEuronext ParisISIN FR00133334322026DD1133764
Canonical exit: 15 Nov 2026 (T+90)
130 shares@ €78.400.0016% mcap5.3% of flowActionEuronext ParisISIN FR00133334322026DD1132833
Canonical exit: 8 Nov 2026 (T+90)
5 shares@ €78.400.0001% mcap0.2% of flowActionEuronext ParisISIN FR00133334322026DD1132837
Canonical exit: 8 Nov 2026 (T+90)
208 shares@ €75.700.0025% mcap12.5% of flowActionHors plateforme de négociationISIN FR00133334322026DD1131906
Canonical exit: 29 Oct 2026 (T+90)
8 shares@ €76.900.0001% mcap27.9% of flowActionEuronext ParisISIN FR00133334322026DD1131488
Canonical exit: 1 Nov 2026 (T+90)
573 shares@ €76.69580.0068% mcap1.3% of flowActionEuronext ParisISIN FR00133334322026DD1131001
Canonical exit: 29 Oct 2026 (T+90)
50 shares@ €68.000.0005% mcap14.0% of flowActionEuronext ParisISIN FR00133334322026DD1103424
Canonical exit: 21 Jun 2026 (T+90)
145 shares@ €68.800.0016% mcap0.3% of flowActionEuronext ParisISIN FR00133334322026DD1102302
Canonical exit: 18 Jun 2026 (T+90)
27 shares@ €70.200.0003% mcap7.8% of flowActionEuronext ParisISIN FR00133334322026DD1102244
Canonical exit: 17 Jun 2026 (T+90)
25 shares@ €72.500.0003% mcap7.5% of flowActionEuronext ParisISIN FR00133334322026DD1101021
Canonical exit: 10 Jun 2026 (T+90)
20 shares@ €71.800.0002% mcap4.9% of flowActionEuronext ParisISIN FR00133334322026DD1100895
Canonical exit: 11 Jun 2026 (T+90)
2,000 shares@ €72.06620.023% mcap6.9% of flowActionEuronext ParisISIN FR00133334322026DD1100761
25 shares@ €73.200.0003% mcap7.5% of flowActionEuronext Access ParisISIN FR00133334322026DD1100328
Canonical exit: 7 Jun 2026 (T+90)
100 shares@ €74.500.0012% mcap20.4% of flowActionEuronext ParisISIN FR00133334322026DD1099842
Canonical exit: 7 Jun 2026 (T+90)
1 shares@ €74.100.0000% mcap0.0% of flowActionEuronext ParisISIN FR00133334322026DD1099607
Canonical exit: 2 Jun 2026 (T+90)
137 shares@ €73.800.0016% mcap0.3% of flowActionEuronext ParisISIN FR00133334322026DD1099611
Canonical exit: 7 Jun 2026 (T+90)
60 shares@ €75.200.0007% mcap15.3% of flowActionEuronext ParisISIN FR00133334322026DD1099173
Canonical exit: 2 Jun 2026 (T+90)
100 shares@ €77.900.0012% mcap4.1% of flowActionEuronext ParisISIN FR00133334322026DD1099039
Canonical exit: 3 Jun 2026 (T+90)
13 shares@ €77.900.0002% mcap0.5% of flowActionEuronext ParisISIN FR00133334322026DD1099040
Canonical exit: 3 Jun 2026 (T+90)
4 shares@ €74.100.0000% mcap7.8% of flowActionEuronext ParisISIN FR00133334322026DD1098694
Canonical exit: 2 Jun 2026 (T+90)
2,016 shares@ €80.9762100.0% of flowActionEuronext ParisISIN FR00133334322025DD1054397
Canonical exit: 16 Nov 2025 (T+90)
25 of 198 declarations
About Thermador Groupe
THERMADOR GROUPE is a French specialized distributor focused on technical equipment for fluid circuits and, more broadly, on products serving construction, public works, industry, swimming pools, DIY and OEM markets. The group positions itself as a network of complementary companies, each dedicated to a specific technical niche. Its offering spans central heating, domestic hot water, plumbing, industrial valves, pumps, sanitary fittings, ventilation, plastic piping systems, instrumentation, metering and control solutions, and selected tools and equipment for both professionals and private customers.
The company’s origins date back to 1968, when Thermador was founded by its historical founders. Thermador Groupe was later created in 1986 to organize and support the group’s expansion. This long development path reflects a business model built around specialization, gradual portfolio expansion and the integration of expert businesses. Thermador emphasizes a long-term approach, with a corporate culture centered on close relationships with customers, suppliers and employees.
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As of 2026, Thermador Groupe comprises 21 companies located in France, Belgium, Spain and China. Its geographic footprint is therefore international, but still largely anchored in France, which remains the core market. The group operates through a number of well-known brands and subsidiaries such as Thermador, Sferaco, Jetly, PBtub, Thermacome, Mecafer, Sodeco Valves, Alto Metering and C2AI, enabling it to address a broad set of technical needs across multiple end markets.
From an operational standpoint, Thermador Groupe occupies a niche position in markets where technical know-how, product reliability and service quality are key competitive advantages. Its portfolio covers heating, plumbing, water networks, regulation, metrology, ventilation and pumping systems, as well as more specialized activities such as stainless-steel valves, lifting stations and remote meter reading systems. The model is based on specialized distribution with added value, rather than mass-market volume.
Thermador Groupe also released its 2024 Universal Registration Document in March 2025, highlighting a stronger focus on sustainability and featuring its first CSRD-aligned sustainability statement. In 2024, the group continued to grow through acquisitions, including Compteur-energie.com, OTMetric and MyMeterInfo, merged into Alto Metering, as well as the acquisition of Vena Contracta’s business by Sodeco Valves. These transactions confirm a targeted expansion strategy built on the consolidation of complementary expertise.
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