TRIGANO (EPA:TRI) - 2013/2014 First Quarter Financial Information

Transparency directive : regulatory news

05/01/2014 18:47

Paris, 6 January 2014

2013/2014 First Quarter Financial Information

- Sales up 21.5%
- Positive commercial dynamic of motor-caravans and trailers
- Confirmation of the recovery of SEA
- Competitiveness enhancement programmes

First Quarter Sales

                            from 09/01/13   from 09/01/12  Change
                             to 11/30/13     to 11/30/12     (%)
                                  (EURM)          (EURM)

Leisure Vehicles (excl. SEA)     159.6             155.4    +2.7
SEA                               33.9                -       -
Total Leisure Vehicles           193.5             155.4   +24.5
Leisure Equipment                 28.1              26.9    +4.4
Total Sales                      221.6             182.3   +21.5*
* : +2.9% at constant perimeter

Commercial activity

Sales of motor caravans have increased in all major markets. Growth in volumes
at constant perimeter (+9.4%) is higher than that in revenues (+3.9%) due to
the success of the commercial operations initiated on entry-level vehicles at
the main autumn shows.
The contribution of SEA (company acquired on 1st January 2013) exceeds the
objectives: the renewed confidence of distribution networks led to record 45%
growth in volumes.

Caravan (-1.3%) and accessories for leisure vehicle sales (-0.9%) remained
affected by the wait-and-see attitude of distributors.
The evolution of static caravan sales in the first quarter (-45.4%; EUR0.5 M)
does not reflect a trend for the year. The market should however be difficult
due to campsites' managers low appetite for investment.

Trailer sales (+6.3%) benefitted from a major promotional operation as well as
from a slight recovery of the French market.
Camping (-19.8%) and garden (+4.0%) equipment activities are in low season.
Their sales evolutions in the quarter are therefore not significant.

Financial situation

Trigano's activity in the first quarter has had no significant impact on the
company's financial structure that remains characterized by strong
shareholders' equity (EUR356 M as of 31 August 2013) and a low level
indebtedness.

Prospects

Trigano will focus its efforts on the implementation of reorganization
programmes in order to make the company more competitive. These programmes will
translate into a right-sizing of production capacities and by headcount
reductions in the support functions in particular in the loss-making
business-units and activities.

                    2013/2014 Second Quarter will be released on 28 March 2014

contact
Rym Bel Kefi-Rougnon
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) - 2013/2014 First Quarter Financial Information

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