TRIGANO (EPA:TRI) - 2018/2019 Sales

Transparency directive : regulatory news

25/09/2019 17:39

Paris, September 25th, 2019

2018/2019 Sales: 2.3 billion euros (+0.6%)

Trigano recorded EUR 469.8M turnover in the fourth quarter, down 9.4% compared
to the previous financial year.

Q4        from 06/01/19   from 06/01/18  Current  of which of which    Change
           to 08/31/19     to 08/31/18    Change   scope   exchange at constant
             (EURM)          (EURM)        (%)     effect    rate    scope and
                                                   (%) **   effect    exchange
                                                            (%) ***     rate
                                                                        (%)

Leisure
vehicles     425.2*          470.0*      -9.5*    0.0*    -0.3*       -9.2*
Leisure
equipment     44.7*           48.8*      -8.5*    0.0*    -0.2*       -8.3*
Sales        469.8*          518.8*      -9.4*    0.0*    -0.3*       -9.1*

The fourth quarter recorded a positive activity for caravans (sales +7.5%) and
static caravans (sales +7.6%). However, motorhome sales (-12.5%) were
negatively impacted by the conjunction:

* of the decrease in production of two sites linked to the reimplantation of
  assembly lines;
* of difficulties in supplying Euro 6d wheel bases which caused downtime.
Trailers deliveries (-2.8%) suffered from the Scandinavian market downturn.

Over the financial year, Trigano's sales were stable at 2.3 billion euros.

Financial from 09/01/18  from 09/01/17 Current of which  of which    Change
year       to 08/31/19    to 08/31/18   Change  scope    exchange  at constant
              (EURM)        (EURM)       (%)    effect     rate     scope and
                                                (%) **    effect     exchange
                                                           (%) ***    rate
                                                                       (%)

Leisure
vehicles   2,134.6*       2 125.9      +0.4*   +1.9*       0.0*       -1.5*
Leisure
equipment    193.7*         188.8      +2.6*    0.0*      -0.2*       +2.8*
Sales      2,328.3*       2 314.7      +0.6*   +1.7*       0.0*       -1.1*

Motorhome sales (-2.7% at constant scope and exchange rates) were affected by
networks inventory reduction policy and by difficulties experienced by some
markets impacted by the introduction of taxes or by political or economic
uncertainties. Trigano gained however market share in most countries.

Sales of caravans (+3.7%), static caravans (+8.6%) and camping equipment
(+18.4%) progressed well while sales of trailers (+1.6%), leisure vehicle
accessories (-0.2%) and garden equipment (-0.5%) remained stable.

Outlook

Trigano overcame difficulties related to the introduction of chassis meeting
new pollution standards without major damage. The favourable feedback given by
distribution networks to Trigano's leisure vehicles new ranges and the
non-recurrence of the distribution networks' destocking phenomena should favour
the growth of the activity in 2019/2020.
However, the growth of the motorhome market in Europe could be impacted by the
persistence of economic uncertainties in some countries and by fiscal policies
raising prices on products. Nevertheless, potential effects of recently
implemented tax constraints should be offset during the fiscal year by the
implementation of a new homologation.
In this context, Trigano will remain attentive to the evolution of its markets
and will try to adapt its production capacity and the level of its costs to the
trend of demand. Productivity improvement programmes will be intensified during
the fiscal year, as well as market share gains actions throughout Europe.

* Non-audited figures
** 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.

Annual results will be published on 25 November after market close

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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