Trigano surges, profitability remains solid despite supply problems | Photo credits: Trigano
PARIS, May 10 (Reuters) – Trigano posted the biggest rise in the Parisian SBF 120 index on Tuesday morning after the publication of quarterly results and solid growth prospects despite supply difficulties, which are slowing production.
The title of the French manufacturer of leisure vehicles gained 8.84% to 125.60 euros at 10:35 a.m. while the SBF 120 rose by 1.34%.
The French group published Monday evening a current operating profit of 179.3 million euros for the half-year ended at the end of March, up 18.4%, for a turnover of 1.49 billion, an increase of 9.2%.
Stating that “the level of order books saturates production capacities well beyond the end of the year”, he explained that the activity of the coming months would remain “highly dependent” on deliveries by basic car manufacturers. mobile homes, which should result in a loss of production of 3,000 to 4,000 vehicles in the second half of the financial year.
Over the previous financial year, Trigano sold a total of 52,600 motorhomes.
Beyond these difficulties, Portzamparc, buying on the title, retains the saturation of order books and investment projects, which aim among other things to increase production capacity.
“We felt the management was particularly confident about the development of the market”, summarizes the intermediary, who has revised upwards his estimate of earnings per share and judges the valuation “depressed” in view of the visibility and margins “historically high. “.
(Writing by Marc Angrand, editing by Kate Entringer)