TRIGANO (EPA:TRI) - 2019/2020 First Half-Year Sales

Transparency directive : regulatory news

18/03/2020 17:49

Paris, 18 March 2020

2019/2020 First Half-Year Sales: 1.2 Billion Euros (+2.3%)

Trigano achieved sales of EUR 603.4M in the second quarter of 2019/2020, up
7.3% at constant scope and exchange rates

in EURM

(Non-audited                        2020       2019      2018
figures)                         Financial  Financial  Financial
                                    year      year       year

Leisure vehicles  Q1 (Sept-Nov)     518.7     535.6     506.2
                  Q2 (Dec-Feb)      563.6     519.1     513.8
                  Half-Year       1,082.3   1,054.7   1,020.0

Leisure equipment Q1 (Sept-Nov)      41.0      42.2      38.5
                  Q2 (Dec-Feb)       39.8      40.0      37.9
                  Half-Year          80.8      82.2      76.4
Q2 Sales                            603.4     559.1     551.7
Half-Year Sales                   1,163.1   1,136.9   1,096.4

      2019/2020 change

Current    of which   Change at
change      exchange   constant
          rate effect   scope*
               **        and
                       exchange
                        rates

-3.2%         +0.1%     -3.3%
+8.6%         +0.7%     +7.9%
+2.6%         +0.4%     +2.2%
-2.8%         -0.2%     -2.6%
-0.5%         +0.3%     -0.8%
-1.7%          0.0%     -1.7%
+7.9%         +0.6%     +7.3%
+2.3%          0.4%     +1.9%

* 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

The European leisure vehicle markets continued to grow in the first half of the
year with the exception of the Scandinavian and British markets, which remained
depressed, affected by the introduction of high taxes on CO2 emissions.

Activity in the second quarter was marked by the total or partial resolution of
problems of vehicles type-approval, chassis availability and refitting of
certain plants encountered in the previous months. Sales of motorhomes (+
10.6%) returned to a high pace of growth, while those of caravans (-3.2%) were
slightly down compared to the previous year.

Deliveries of static caravans (-7.9%) were affected by the late receipt of
orders from some campground managers. Finally, sales of accessories for leisure
vehicles (+ 9.7%) benefited from the market dynamism in Netherlands and
Germany.

Leisure equipment

Trailers activity (+ 4.9%) remained well oriented, camping equipment (-38.2%)
and garden equipment (+ 8.3%) are in low season and changes in their sales in
Q2 are therefore not significant.

COVID-19

The activity of Trigano will naturally be impacted by measures of closure of
non-food businesses across a large part of the European territory, as well as
by containment measures. Most of production units have been put into reduced
activity or temporarely closed.

The experience acquired during the 2008 economic crisis will enable Trigano to
take the appropriate measures to emerge strengthened from this ordeal and to be
able to restart quickly production in order to satisfy a high order backlog.

The financial strength of Trigano is also a fundamental asset in this crisis
period.

Outlook

Excluding the influence of exogenous phenomena, Trigano's prospects on the main
markets are positive. Indeed, motorhomes are experiencing a significant
expansion in the important markets and the fences corresponding to taxes based
on CO2 emissions have been completely removed in United Kingdom and should be
largely lifted in Sweden.

The leisure mode made possible by motorhomes is an individual mode which avoids
collective means of accommodation and transport. This gives motorhomes a
decisive advantage over other means of leisure and this will be especially true
after the end of the epidemic that we are experiencing.

The very positive results of sales to the public in January and February 2020
illustrate this.

Trigano will continue to implement all internal growth operations that have
been initiated and will seize any acquisition opportunity corresponding to its
external growth policy.

2019/2020 First Half-Year results should be published on 6 May 2020

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

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

APPENDIX

Breakdown of sales by product category

2019/2020 Q2
                         from         from
EURM                   12/01/19     12/01/18
(non-audited figures) to 02/29/20  to 02/28/19

Motorhomes               465.7        420.9
Caravans                  42.1         43.5
Static caravans           23.3         25.3
Accessories               26.0         23.7
Others                     6.5          5.7
Leisure vehicles         563.6        519.1
Trailers                  29.9         28.5
Camping equipment          3.4          5.5
Garden equipment           6.5          6.0
Leisure equipment         39.8         40.0
Total sales              603.4        559.1

Current        Change at     of which
change          constant      exchange
             perimeter* and    rates
             exchange rates   effect**

44.8   10.6%   0.1   0.0%     2.8   0.7%
-1.4   -3.2%   0.0   0.0%     0.3   0.7%
-2.0   -7.9%   0.0   0.0%     0.0   0.0%
2.3    9.7%   0.0   0.0%     0.2   0.8%
0.8   14.0%   0.0   0.0%     0.1   1.8%
44.5    8.6%   0.1   0.0%     3.4   0.7%
1.4    4.9%   0.0   0.0%     0.0   0.0%
-2.1  -38.2%   0.0   0.0%     0.0   0.0%
0.5    8.3%   0.0   0.0%     0.1   1.7%
-0.2   -0.5%   0.0   0.0%     0.1   0.3%
44.3    7.9%   0.1   0.0%     3.5   0.6%

2019/2020 H1
                         from          from
EURM                   12/01/19     12/01/18
(non-audited figures) to 02/29/20  to 02/28/19

Motorhomes              899.8        869.9
Caravans                 86.6         89.4
Static caravans          30.8         33.7
Accessories              51.6         48.6
Others                   13.5         13.1
Leisure vehicles      1,082.3      1,054.7
Trailers                 63.9         61.2
Camping equipment         5.9         10.5
Garden equipment         11.0         10.5
Leisure equipment        80.8         82.2
Total sales           1,163.1      1,136.9

Current       Change at     of which
change         constant      exchange
            perimeter* and    rates
            exchange rates   effect**

29.9   3.4%   0.1   0.0%    3.4   0.4%
-2.8  -3.1%   0.0   0.0%    0.3   0.3%
-2.9  -8.6%   0.0   0.0%    0.0   0.0%
3.0   6.2%   0.0   0.0%    0.2   0.4%
0.4   3.1%   0.0   0.0%    0.1   0.8%
27.6   2.6%   0.1   0.0%    4.0   0.4%
2.7   4.4%   0.0   0.0%  -0.1   -0.2%
-4.6 -43.8%   0.0   0.0%    0.0   0.0%
0.5   4.8%   0.0   0.0%    0.1   1.0%
-1.4  -1.7%   0.0   0.0%    0.0   0.0%
26.2   2.3%   0.1   0.0%    4.0   0.4%

* 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.

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14/05/2024 17:45

TRIGANO (EPA:TRI) - 2019/2020 First Half-Year Sales

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