(AOF) – Trigano achieved a net profit of 308.3 million euros for the 2022/23 financial year, up 10.8% year-on-year. The leisure vehicle specialist emphasizes that this success is due to “the quality of the results of its leisure vehicle activity, which has increased by almost 30%”. Turnover increased 9.5% over one year, to 3.48 billion euros. Consolidated current operating profit shows growth of 23.7% to 423.4 million dinars (12.2% of turnover). In an economic environment that is “still disrupted”, Trigano envisages “good growth in activity in 2023/24”.
“The high inflation observed in 2022 has reinforced Trigano in the quality of the positioning of its entry- and mid-range product ranges, making it possible to attract budget-conscious customers,” we also learn in the press release.
Trigano announces that “projects intended to prepare for the future transition to the electrification of leisure vehicles will be intensified”. He points out that regarding the acquisition of the company BIO Habitat, “the file is currently being studied by the Competition Authority in France and should be completed by the end of the first half of the year.”
“The motorhome will continue to attract customers aspiring to more freedom, proximity to nature and conviviality,” the company predicts.
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Key points
– European number 1 in leisure vehicles, with 1/3 of the market, created in 1935;
– Turnover of €3.2 billion, achieved in caravans, motorhomes and mobile homes for 92.3% then in leisure equipment – camping and garden equipment, trailers;
– Mainly European presence: 31% of sales in France, 25% in Germany, 10% in the United Kingdom, 5% in Scandinavia, Belgium, Italy and Spain;
– Business model of strong autonomy of subsidiaries, “multi-local” growth based on the acquisition of small companies retaining their brands, associated with total control of the distribution network;
– Capital held at 57.8% (71.6% of voting rights) by the Feuillet family, Stéphane Gigou chairing the supervisory board of 7 members and Michel Freiche providing general management;
– Healthy balance sheet with, at the end of February, €1.45 billion in equity and net cash of €138 million.
Challenges
– Strategy based on 2 pillars: increasing production capacities and their productivity, then the networking of distribution networks;
– Environmental strategy:
– vehicle design: 10% reduction in fuel consumption for new motorhomes, reduction in particle and nitrogen oxide emissions and reduction in vehicle weight,
– development of fuel cells and solar panels;
– Increase in power in Italy, Slovenia and Spain, sites for vans and vans sold under the European brand Panama;
– Tightening of the distribution network in France with 6 acquisitions during the financial year;
– A promising economic model, the motorhome offering travel at lower cost for customers, and market shares above 40% in most European countries.
Challenges
– Standardization, after industrial and logistical reorganization, of deliveries;
– Recovery of the leisure equipment activity, affected by the French and European economic situation, resulting in an 18% decline in sales over the first 9 months of the financial year;
– Evolution of negotiations with Beneteau for the resumption of the mobile home activity by the end of the year (€252 million turnover in 2022);
– After a gain of 4.7 in turnover over the first 9 months of the 2022-23 financial year ended August 31, objective: end of supply difficulties from the 2nd quarter and resumption of sales growth.
Find out more about the “hospitality and leisure” sector
Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.