TRIGANO (EPA:TRI) - First half-year results 2015/2016

Transparency directive : regulatory news

22/04/2016 17:40

Paris, 22 April 2016

First Half-Year Results

Increase in the current operating profit by 122% in the first half-year 2016

in EURM                                 H1 2016    H1 2015

Sales                                     621.1      479.0
Leisure Vehicles                          557.5      418.7
Leisure Equipment                          63.6       60.3
Current operating result                   37.6       16.9
of which leisure vehicles                  35.8       15.6
of which leisure equipment                  1.8        1.3
Other operating income and charges         (0.1)      (1.0)
Operating result                           37.5       15.9
Net result                                 31.9       10.7

Current operating result reached EUR37.6 M in the first half-year, representing
6.1% of sales (3.5% in 2014/2015). The results in the period benefited from the
strong growth in activity, the improved productivity on most of the sites and
from the control of operating expenses.

The financial result is positive (+EUR1,5 M). The cost of financial debt
(EUR0.9 M), down by 20%, is more than offset by gains on currency hedging
transactions (+EUR2.4 M). Considering corporate tax expense of EUR9.3 M and a
positive contribution of equity affiliates (EUR2.1 M, up by EUR0.9 M), the net
consolidated result stood at EUR31.9 M compared with EUR10.7 M in  2015.

Thanks to the effective management of the seasonal change in working capital
requirements, net debt, traditionally at its high level at the end of the first
half-year, reached EUR30.1 M as at February 29 (EUR56.6 M in 2015),
representing only 6.9% of equity (15.1% in  2015).

During the first half-year, Trigano continued to implement its capital
expenditure program aimed at satisfying the growing demand, strengthening the
competitiveness of the company and improving its profitability. Capital
expenditure totalled EUR11.2 M, substantially higher than in the first
half-year 2015 (EUR6.2 M).

Prospects

The high level of motorhomes order backlog and the confirmation of the recovery
of motorhomes markets in Europe point to a sustained activity in the second
half-year. Trigano will continue to implement its capital expenditure programs
to gain market share in the motorhomes, accessories for leisure vehicles and
trailers sectors in Europe. Its strong financial structure (shareholder's equity
over EUR436 M) will enable Trigano to seize any external growth opportunity of
strategic relevance.

contact
Laure Al Hassi
phone: +33 1 44 52 16 31
communication@trigano.fr

2016 Third-Quarter Sales will be disclosed on 29 June 2016

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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