TRIGANO (EPA:TRI) - 2018/2019 First Quarter Sales

Transparency directive : regulatory news

07/01/2019 07:20

Paris, 7 January 2019

2018 / 2019 First Quarter Sales: +6.1%

                                                                      Change at
                                                                       constant
                                                            of which  perimeter
                     from         from            of which  exchange        and

                 09/01/18     09/01/17  Current  perimeter      rate   exchange
(Non-audited  to 11/30/18  to 11/30/17   change    effect*  effect**       rate
figures)           (EURM)       (EURM)      (%)        (%)       (%)        (%)

Leisure
Vehicles            535.6        506.2     +5.8       +7.8      +0.1       -2.0
Leisure
Equipment            42.2         38.5     +9.7       +0.0      -0.2       +9.9
Total Sales         577.8        544.7     +6.1       +7.2      +0.0       -1.2

* : Restatement of perimeter effect of newly consolidated entities consists of:

- for entities entering the consolidation scope in the current year,
  subtracting the contribution of the acquisition from the aggregates of the
  current year;

- for entities entering the consolidation scope in the previous year,
  subtracting the contribution of the acquisition from September 1 of the
  current year, until the last day of the month of the current year when the
  acquisition was made the previous year.

No entities left the consolidation scope during the periods mentioned in this
press release.

** Restatement of the foreign exchange effect consists of calculating
aggregates for the current year at the exchange rates of the previous year.

After a long period of strong organic growth, first-quarter sales at constant
perimeter and exchange rates were slightly down (-1.2%) compared to previous
year.

Leisure Vehicles

Motorhome and caravan sales (respectively -2.3% and -7.5% at constant perimeter
and exchange rates) were affected by weak economic conditions in the United
Kingdom as well as by the willingness of distribution networks of the main
European countries to reduce the level of their inventories.
On the other hand, deliveries of static caravans and accessories for leisure
vehicles (respectively +19.5% and +3.9% at constant scope and exchange rates)
confirmed their good momentum.

Leisure Equipment

Trailers sales (+4.1%) remained well oriented despite an unfavourable context
in France. Changes in sales of camping equipment (+180.5%) and garden equipment
(-12.7%) activities are not significant in the first quarter due to their
seasonality.

Prospects

Motorhome registrations continued to grow during the first months of the season
(September to December) in the main European markets and Trigano gained market
shares in these countries. The continuation of this momentum could be hampered
by the deterioration of the economic and political climate, for example in
France, in Italy or in the United Kingdom.
Trigano will remain particularly attentive to the evolution of its markets and
will adapt its production capacities accordingly.
The company will also pursue its capital expenditures aimed at making it more
competitive, in particular by improving its industrial management systems and
its productivity.
As the integration of Adria is almost complete, Trigano will remain attentive
to any value creating external growth opportunity.

             2018/2019 Second Quarter Sales will be released on 25 March 2019

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

                                                              www.trigano.fr

Euronext Paris A - CAC All-Tradable - SRD - CAC Mid 60 - ISIN FR0005691656 -
REUTERS : TRIA.PA - BLOOMBERG : TRI.FR

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TRIGANO (EPA:TRI) - 2018/2019 First Quarter Sales

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