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

Transparency directive : regulatory news

25/03/2019 17:35

Paris, 25 March 2019

2018/2019 First Half-Year Sales: 1.1 Billion Euros (+3.7%)

In a context dominated by the persistence of economic and political
uncertainties in Europe, Trigano achieved sales of EUR559.1 M in the second
quarter of 2018/2019, up 1.3% at constant scope and exchange rates:

                                            2018/2019 change
in EURM        2019      2018      2017     Current  of which    of which
             Financial Financial Financial  change   perimeter  exchange rate
                year     year      year       (%)   effect (%)*  effect (%)**

(Non-audited figures)

Leisure vehicles

Q1 (Sept-Nov)  535.6    506.2     329.1       +5.8      +7.8        +0.1
Q2 (Dec-Feb)   519.1    513.8     352.0       +1.0       0.0        +0.1
Half-Year    1,054.7  1,020.0     681.1       +3.4      +3.9        +0.1

Leisure equipment

Q1 (Sept-Nov)   42.2     38.5      33.2       +9.7      +0.0        -0.2
Q2 (Dec-Feb)    40.0     37.9      34.8       +5.3       0.0        -0.3
Half-Year       82.2     76.4      68.0       +7.5       0.0        -0.2
Q2 Sales       559.1    551.7     386.8       +1.3       0.0         0.0
Half-Year
Sales        1,136.9  1,096.4     749.1       +3.7      +3.6         0.0

Change at constant
perimeter and
exchange rates (%)

-2.0
+1.0
-0.5

+9.9
+5.6
+7.8
+1.3
+0.1

* : 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 rate of the previous year.

Leisure vehicles

Motorhomes sales fell slightly (-0.6%) compared to last year's record level.
Distribution networks pursued their massive inventory reduction policy
throughout the European territory, anticipating the arrival of Euro 6d engines.
In the first half-year, registrations increased overall and Trigano improved
significantly its market shares.

Caravan sales (+8.9%) eliminated the delivery gap of first quarter, while sales
of static caravan (+7.3%) and accessories for leisure vehicles (+3.7%) remained
well-oriented.

Leisure equipment

Trailers sales (-3.9%) were affected by the wait-and-see attitude of French
distributors resulting from a decline in points of sale traffic related to the
"gilets jaunes" (yellow jackets) crisis.
Finally, camping equipment (+123.1%) and garden equipment (+2.9%) activities
are in low season and changes in their sales in Q2 are therefore not
significant.

Prospects

The destocking phenomenon in motorhomes distribution networks is expected to
continue in the third quarter of the financial year; in this context, Trigano
will pursue a policy of market share gains and will strictly adjust its
production capacities to the evolution of demand. The introduction of new Euro
6d engines should give rise to limited disruptions on production lines thanks
to a good coordination with car manufacturers supplying wheel bases.

In the longer term, Trigano is confident about the development potential of the
motorhome market in Europe and about its ability to improve its performance
thanks to the expected outcomes of its recently initiated programmes of
commercial coordination, centralisation of a larger part of its purchases and
industrial cross fertilisation.

2018/2019 First Half-Year results will be published on 13 May 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 - SBF 120 -
ISIN FR0005691656 - REUTERS : TRIA.PA - BLOOMBERG : TRI.FR

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