(CercleFinance.com) – Hunyvers, a specialist in the distribution of leisure vehicles, lost ground on Monday on the Paris Stock Exchange following the publication of half-year results considered unsurprising.
Over the six months ended at the end of February, the turnover of the group, which owns motorhome and boat concessions, increased by 13.4% to 51.3 million euros, but the activity on a spring basis down 1.2%.
The change in the ‘mix’ in favor of new vehicles, which generate less margins, also slowed down the progression of the gross margin, even if the latter reached a record amount of ten million euros (+6.7% ).
The operating result shows a loss of 0.9 million euros, to be compared with a profit of one million euros in the first half of the 2022-2023 financial year, a development that the group explains by a strongly seasonality. increased in terms of its boating activity.
Regarding its outlook, Hunyvers says it expects a clear rebound in its results in the second half, with further dynamic growth in its turnover and a clear improvement in its operational profitability.
The company also confirmed that it is targeting a turnover of more than 170 million euros for the 2024-2025 financial year, accompanied by an operating margin of 6.5%.
Evoking ‘unsurprising’ results, Euroland analysts maintain their buy recommendation while lowering their price target on the stock to 15.5 euros compared to 17.5 euros previously in order to reflect the impact of the drop in prices. comparable.
Following these announcements, Hunyvers shares lost 0.8% Monday morning on the Paris Stock Exchange.
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