TRIGANO (EPA:TRI) - 2013 Annual Results

Transparency directive : regulatory news

25/11/2013 17:42

Paris, 25 November 2013

2013 Annual Results

Operating result reached EUR42.9 M in 2012/2013 of which EUR23.6 M current
operating profit.

EURM                               2013                   2012
Sales                             818.2                  740.3
Leisure vehicles sales            673.1                  631.5
Leisure equipment sales           145.1                  108.8
Current operating profit           23.6                   27.4
Operating profit                   42.9                   26.3
of which Leisure vehicles          35.1                   20.1
of which Leisure equipment          7.8                    6.2
Financial result                  (2.4)                  (2.6)
Net income                         32.6                   14.5

Annual sales reached EUR818.2 M, up 10.5% compared to last year thanks to the
contribution of the acquisitions made in 2012 and 2013. Profitability was
however impacted by a decrease in sales at constant perimeter (-6.3%). Current
operating margin reached 2.9% of total sales.

The acquisition of SEA has generated an acquisition profit of EUR19.8 M.
Operating result reached EUR42.9 M compared to EUR26.3 M in 2011/2012.

Despite the slight increase in interest charges, financial result improved by
EUR0.2 M due to a positive exchange result.

Considering a corporate tax expense of EUR10.1 M and the contribution of equity
affiliates (EUR2.2M), the net consolidated result stood at EUR32.6 M (EUR14.5 M
in 2011/2012).

Thanks to these results, Trigano's shareholders' equity strengthened to
EUR355.4 M (EUR328 M as of 31 August 2012). The financial structure remains
particularly solid: despite the acquisition of SEA, net debt at the end of the
financial year represents only 10.6% of equity (7.4% in 2012).

Prospects

In 2014, Trigano will remain attentive to the changes in the economic
environment in its various countries and will intensify the adaptation policy
of its production capacities and structures to the demand.
In the medium term, Trigano will pursue its development strategy in Europe that
combines organic growth and acquisitions in the fields of motor-caravans,
accessories for leisure vehicles and trailers.

Dividend

The Board of Directors will propose to the General meeting scheduled for 6
January 2014 not to proceed with the payment of a dividend for the 2013
financial year.

Governance

On 30 September 2013, the Board meeting of Trigano decided to refer to the
Middlenext corporate governance code that appears to be more appropriate to the
company, with regard to its size and its capital structure.

                    2014 First Quarter Sales will be released on 8 January 2014

TRI
LISTED             contact
NYSE               Rym Bel Kefi-Rougnon
EURONEXT           phone: +33 1 44 52 16 52
                   communication@trigano.fr                      www.trigano.fr

Euronext Paris B - CAC All-Tradable - SRD - CAC Mid & Small - ISIN FR0005691656
                      - REUTERS : TRIA.PA - BLOOMBERG : TRI.FR

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TRIGANO (EPA:TRI) - 2013 Annual Results

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