PARIS, May 18 (Reuters) – Shares of motorhome maker Trigano TRIA.PA soared on the Paris Stock Exchange on Thursday after the publication of the group’s half-year results, which showed continued strong demand for these vehicles Recreation.
At 09:00 GMT, the Trigano share climbed 10.2% to 127.40 euros, by far the largest increase in the SBF 120. SBF120 (+0.85%) and its best daily increase since September 2022.
The group said Wednesday evening that it expects “good progress” in its sales and profitability in the second half of its 2022-2023 financial year, given the high level of its order books and less supply difficulties since the second quarter, particularly for chassis.
In the first half, turnover increased by 6.1% to 1.61 billion euros and fell by 0.2% at constant scope and exchange rates, hampered by the supply difficulties which have affected the sector for several month.
Current operating income increased by 10.8% to 173.4 million euros thanks to an increase in selling prices to offset the increase in production costs.
“With a solid financial position and positive net cash, Trigano has the means to continue its growth at a sustained pace,” the group said in a press release.
(Written by Blandine Hénault, edited by Laetitia Volga)