(BFM Bourse) – Despite the rise in prices induced by the increase in the costs of raw materials, components and rolling bases, demand for Trigano motorhomes remains robust. The group also remains confident for the rest of its financial year despite persistent supply difficulties. Its title has skyrocketed since last summer.
Trigano again put the gas in the first quarter – closed at the end of November – of its postponed 2021-2022 fiscal year, during which it recorded a 9.2% increase in its revenues to 786.5 million euros. To give an idea of the exceptional growth of the latter, this figure is clearly higher than the turnover achieved by the group in the first half of 2017 (749 million).
In detail, the increase in motorhome sales (+ 8.0% to nearly 730 million euros, or more than 92% of the total), “was amplified by the price increases made necessary by price increases for components and wheel bases, ”says Trigano. The level of production fell slightly compared to the first quarter of 2020-2021, but deliveries in volume increased slightly (+ 1.5%) “is added in this quarterly activity point. Sales of caravans on the other hand “suffered from a comparable high” (-2.0%, after an increase of 13% in the first quarter last). Those of accessories for leisure vehicles (+ 21.6%) are on the contrary remained very dynamic.
The increase in sales of trailers (+ 17.8%) is for its part the “direct consequence of the price increases following the increase in the purchase costs of raw materials, the delivered volumes falling slightly”, notes the group , which thus saw the revenues of its “leisure equipment” division increase by 10% over one year to 57.1 million euros.
A jam-packed order book
And if the group is still confronted with “strong tensions on its supplies, in particular delays in deliveries of wheel bases linked to the global shortage of semiconductors” which is dragging on, which has affected the activity to the tune of nearly 3,000 vehicles in the first quarter, a figure which should be increased to 5,000 in the first half of the year, he is resolutely confident for the future. “Despite the extension of delivery times, the interest of European consumers in the acquisition of motorhomes is not waning and Trigano’s order books saturate its production capacities well beyond the 2022 season” underlines he does.
In this “difficult” environment, Trigano is nevertheless preparing its “ramp-up with, in particular, the installation of a new production site for converted vans in Slovenia which should start its activities during the second half of the year”. Its “strong cash generation” also gives it “the means to face the uncertain economic and health environment (…) and to pursue its development at a sustained pace, including through external growth”, it is indicated.
Trigano recalls in this regard that, the regulatory obstacles having been removed, it should finalize the acquisition of 70% of the capital and voting rights of the French leisure vehicle distribution groups CLC, SLC and Loisiréo in early February 2022. “This This operation, which gives Trigano access to the market and to the end customer, will allow the development of strong synergies in many areas (customer knowledge, digitalization, vehicle rental, financing, etc.) “considers the group.
This publication allows the title to post the best performance of the SBF 120 this Friday at 10:30 am, with a gain of 5.9% to 183.5 euros, a peak since August 13.
Quentin Soubranne – © 2022 BFM Bourse
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