TRIGANO (EPA:TRI) - 2020/2021 Third Half-Year Sales
Transparency directive : regulatory news
30/06/2021 17:40
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Paris, 30 June 20212020/2021 third quarter sales: EUR 905.7 M (+131.2%)
Driven by a sustained demand in its main markets, Trigano mobilised its whole
production capacities in the third quarter and achieved record sales.
2021 2020 2019
in EURM Financial Financial Financial
(non-audited figures) year year year
Leisure vehicles
Q1 (Sept-Nov) 668.6 518.7 535.6
Q2 (Dec-Feb) 604.1 563.8 519.1
Q3 (March-May) 827.2 345.6 654.7
Total as at end of May 2 099.9 1 428.1 1 709.4
Leisure equipment
Q1 (Sept-Nov) 51.9 41.0 42.2
Q2 (Dec-Feb) 44.1 39.9 40.0
Q3 (March-May) 78.5 46.2 66.9
Total as at end of May 174.5 127.1 149.1
Total
Q1 (Sept-Nov) 720.5 559.7 577.8
Q2 (Dec-Feb) 648.2 603.7 559.1
Q3 (March-May) 905.7 391.8 721.6
Total as at end of May 2 274.4 1 555.2 1 858.5
2021/2020 change
at constant
perimeter & 2021/2019
perimeter exchange exchange Current
Current effect rate effect rate Change
28.9% 2.0% -0.5% 27.4% 24.8%
7.1% 1.8% -0.6% 6.0% 16.4%
139.4% 5.0% 0.5% 133.9% 26.3%
47.0% 2.6% -0.3% 44.7% 22.8%
26.6% - -1.5% 28.0% 23.0%
10.5% - -1.0% 11.5% 10.3%
69.9% - 0.6% 69.3% 17.3%
37.3% - -0.6% 37.8% 17.0%
28.7% 1.9% -0.6% 27.4% 24.7%
7.4% 1.6% -0.6% 6.3% 15.9%
131.2% 4.4% 0.5% 126.2% 25.5%
46.2% 2.4% -0.3% 44.13% 22.4%
Trigano points out that its activity was strongly impacted by the COVID-19
health crisis in the third quarter of 2019/20. For many weeks, the company
stopped production, and most of its distribution networks had to cease any
activity at the height of the season.
Leisure vehicles: +139.4%
Sales of motorhomes (+155.3%), caravans (+80.0%) and accessories for leisure
vehicles (+104.7% at constant perimeter) benefited from increased consumer
interest in outdoor leisure in most European countries.
Thanks to the ramp-up of its production facilities and despite the tensions
observed on the supply of various components which disrupted the operation of
several production lines, Trigano spared no effort to meet demand and delivered
about 15,800 motorhomes in the third quarter.
Sales of static caravans (+ 35.3%, but -8.9% compared to Q3 2019), remained
affected by the weakness of investments by campsite managers.
Leisure equipment: +69.9%
Sales of trailers (+73.5%) and garden equipment (+73.3%) continued to benefit
from the expansion of the markets in Europe linked to the growing interest in
the DIY and gardening activities of populations that have undergone various
confinements.
However, sales of camping equipment (+36.4%, but -16.7% compared to Q3 2019)
once again suffered from measures linked to the health crisis in France,
particularly for products intended for community organisations.
Outlook
The acquisition process of the French distribution groups CLC, SLC and
Loisiréo is ongoing. The opinion of the French competition authorities is
expected before the end of the financial year.
The tensions observed since the beginning of the year on deliveries of various
components and motorhome chassis continue to disrupt the operation of some
production lines. In particular, the shutdown of the Ford plant in Kocaeli for
8 weeks due to supply difficulties for electronic components led Trigano to
modify the industrial schedules of sites using this chassis. Thanks to the
adjustment of annual vacation periods, the production deficit should be reduced
to 1,000 vehicles approximately in the fourth quarter.
The increase in the prices of raw materials and motorhome chassis led Trigano
to increase the prices of its 2022 ranges by around 5 to 10%. The new products
disclosed to the distribution networks in June were nevertheless very well
received and Trigano recorded a very strong increase in orders.
The strengthened interest in leisure vehicles in Europe and the prospect of an
end to the crisis due to the acceleration of vaccinations against Covid-19
gives an omen of an upholding very strong demand for Trigano's products in the
coming months.
In order to better serve its customers, Trigano will focus on the one hand on
implementing its programmes to increase its production capacity, including in
particular the hiring and training of new operators, and on the other hand on
securing its supplies.
Trigano's strong cash generation enables it to satisfy the demands of
fast-growing markets and to pursue its development at a sustained pace,
including through external growth.
Glossary
Perimeter effect
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 1st 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.
Exchange rate effect
Restatement of the foreign exchange effect consists of calculating aggregates
for the current year at the exchange rate of the previous year.
2020/2021 Sales will be disclosed on 22 September 2021
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
from from from
EURM - Q3 03/01/21 03/01/20 03/01/19
(March-May) to to to
(non-audited figures) 05/31/21 05/31/20 05/31/19
Motorhomes 655.4 256.7 510.6
Caravans 63.9 35.5 59.9
Static caravans 34.9 25.8 38.3
Accessories 65.8 23.6 36.8
Others 7.2 4.0 9.1
Leisure vehicles 827.2 345.6 654.7
Trailers 54.9 31.7 45.5
Camping equipment 6.0 4.4 7.2
Garden equipment 17.6 10.1 14.2
Leisure Equipment 78.5 46.2 66.9
Total sales 905.7 391.8 721.6
2021/2020 change
at constant
perimeter & 2021/2019
Current perimeter exchange exchange Current
change effect rate effect rate Change
398.7 155.3% - - 1.3 0.5% 397.5 154.9% 144.8 28.4%
28.4 80.0% - - 0.1 0.3% 28.3 79.7% 4.0 6.7%
9.1 35.3% - - - - 9.1 35.3% -3.4 -8.9%
42.2 178.8% 17.4 73.7% 0.1 0.4% 24.7 104.7% 29.0 78.8%
3.2 80.0% - - 0.1 2.5% 3.1 77.5% -1.9 -20.9%
481.6 139.4% 17.4 5.0% 1.6 0.5% 462.6 133.9% 172.5 26.3%
23.3 73.5% - - 0.2 0.6% 23.1 72.9% 9.4 20.7%
1.6 36.4% - - - - 1.6 36.4% -1.2 -16.7%
7.4 73.3% - - 0.1 1.0% 7.3 72.3% 3.4 23.9%
32.3 69.9% - - 0.3 0.6% 32.0 69.3% 11.6 17.3%
513.9 131.2% 17.4 4.4% 1.9 0.5% 494.6 126.2% 184.1 25.5%
from from from
EURM - YTD 09/01/20 09/01/19 09/01/18
to to to
(non-audited figures) 05/31/21 05/31/20 05/31/19
Motorhomes 1,723.4 1,156.7 1,380.5
Caravans 157.9 122.1 149.3
Static caravans 53.4 56.6 72.0
Accessories 146.2 75.2 85.4
Others 19.0 17.5 22.2
Leisure vehicles 2,099.9 1,428.1 1,709.4
Trailers 132.8 95.6 106.7
Camping equipment 11.6 10.3 17.7
Garden equipment 30.1 21.2 24.7
Leisure Equipment 174.5 127.1 149.1
Total sales 2,274.4 1,555.2 1,858.5
2021/2020 change
at constant
perimeter & 2021/2019
Current perimeter exchange exchange Current
change effect rate effect rate Change
566.7 49.0% 1.9 0.2% -3.8 -0.3% 568.6 49.2% 342.9 24.8%
35.8 29.3% 0.7 0.6% -0.2 -0.2% 35.3 28.9% 8.6 5.8%
-3.2 -5.7% - - - - -3.2 -5.7% -18.6 -25.8%
71.0 94.4% 35.2 46.8% -0.3 -0.4% 36.1 48.0% 60.8 71.2%
1.5 8.6% - - - - 1.5 8.6% -3.2 -14.4%
671.8 47.0% 37.8 2.6% -4.3 -0.3% 638.3 44.7% 390.5 22.8%
37.3 39.0% - - -0.6 -0.6% 37.9 39.6% 26.1 24.5%
1.3 12.6% - - - - 1.3 12.6% -6.1 -34.5%
8.8 41.5% - - -0.1 -0.5% 8.9 42.0% 5.4 21.9%
47.4 37.3% - - -0.7 -0.6% 48.1 37.8% 25.4 17.0%
719.2 46.2% 37.8 2.4% -5.0 -0.3% 686.4 44.1% 415.9 22.4%
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