TRIGANO

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2019 /2020 First Quarter Sales: €559.7 M

01/06/2020 | 04:03pm

TRIGANO

2019 /2020 First Quarter Sales: €559.7 M

Paris, 6 January 2020

€M

(non-audited figures)

from 09/01/19

from 09/01/18

to 11/30/19

to 11/30/18

Leisure Vehicles

518.7

535.6

Leisure Equipment

41.0

42.2

Total Sales

559.7

577.8

Current

Change at constant

of which exchange

change

perimeter* and

rates effect**

exchange rates

-16.9

-3.2%

-17.5

-3.3%

0.6

0.1%

-1.2

-2.8%

-1.1

-2.6%

-0.1

-0.2%

-18.1

-3.1%

-18.6

-3.2%

0.5

0.1%

  • No entity joined or 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.

As expected, first quarter sales receded (-3.1%) compared with those of the same period last year.

Leisure Vehicles

Although increasing in many European countries, sales of motorhomes and caravans were

affected by the sharp declines recorded during the quarter in Sweden (€-17.6 M due to the tightening of motorhome taxation and the preventive overstocking of networks) and in the

United Kingdom (€-9.2 M due to the uncertainty linked to Brexit during the quarter). Moreover, reductions in production volumes subsequent to the refitting out of two motorhomes plants at the fourth quarter of last financial year did not make up for delays in the delivery of order backlogs of the brands concerned.

Mobile homes sales (-10.7 %) were affected by the wait-and-see attitude of some managers of outdoor accommodation, while deliveries of accessories for leisure vehicles (+2.8 % at constant scope and exchange rates) confirmed their good momentum.

Leisure Equipment

Trailers sales (+4.0 %) remained well oriented.

Changes in sales of camping equipment and garden equipment activities are not significant in the first quarter due to their seasonality. The trend in sales of the camping equipment activity (-50.0%) was due to the non-recurrence of a stewardship market supplied in the first quarter of the previous financial year. Amounts invoiced for garden equipment were stable.

Prospects

The European motorhome market experienced significant changes in recent years, with in particular:

  • the emergence of a new family of products (converted vans);
  • the progressive consolidation of the economic chain (components suppliers, manufacturers and distributors);
  • and more recently the introduction of new chassis allowing to reach performance levels compatible with global energy transition objectives.

In parallel, values conveyed by the motorhome are asserting themselves as values that respond more and more favourably to the desires of a wider customer base, which allows to consider the further growth of the market.

Trigano already largely anticipated these phenomena and relies today on:

  • a competitive pan-European productive tool, adapted to the diversity of demand;
  • a robust and renewed organisational structure;
  • and a strong and homogeneous commercial position throughout the European continent.

Its organisation, its management systems and the scope of its activities will continue to evolve in order to further strengthen its markets shares, its competitiveness and its profitability; the company has a solid financial structure enabling to implement the necessary action programs to achieve these ambitious objectives.

TRI

2019/2020 Second Quarter Sales will be released on 18 March 2020 after market closure

contact

LISTED

Laure Al Hassi

NYSE

phone: +33 1 44 52 16 31

EURONEXT

www.trigano.fr

communication@trigano.fr

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

APPENDIX

Breakdown of sales by product category

€M

(non-audited figures)

from 09/01/19

from 09/01/18

to 11/30/19

to 11/30/18

Current

Change at constant

of which exchange

perimeter* and

change

rates effect**

exchange rates

Motorhomes

434.1

449.0

-14.9

-3.3%

-15.5

-3.5%

0.6

0.1%

Caravans

44.5

45.9

-1.4

-3.1%

-1.4

-3.1%

0.0

0.0%

Mobile homes

7.5

8.4

-0.9

-10.7%

-0.9

-10.7%

0.0

0.0%

Accessories

25.6

24.9

0.7

2.8%

0.7

2.8%

0.0

0.0%

Others

7.0

7.4

-0.4

-5.4%

-0.4

-5.4

0.0

0.0%

Leisure vehicles

518.7

535.6

-16.9

-3.2%

-17.5

-3.3%

0.6

0.1%

Trailers

34.0

32.7

1.3

4.0%

1.4

4.3%

-0.1

-0.3%

Camping equipment

2.5

5.0

-2.5

-50.0%

-2.5

-50.0%

0.0

0.0%

Garden equipment

4.5

4.5

0.0

0.0%

0.0

0.0%

0.0

0.0%

Leisure equipment

41.0

42.2

-1.2

-2.8%

-1.1

-2.6%

-0.1

-0.2%

Total sales

559.7

577.8

-18.1

-3.1%

-18.6

-3.2%

0.5

0.1%

  • No entity joined or 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.

Disclaimer

Trigano SA published this content on 06 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2020 21:02:02 UTC

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