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- Paris
- 06/09/2010
- 12:13:54
- Share price (NYSE-Euronext)
Monday 28 June 2010
Third quarter 2010 sales
2009/2010 Third Quarter Financial Information
Trigano sales growth in the third quarter (+14.9% to €218.6 M) is in line with expectations.
| 2010 fi nancial year (M€) |
2009 fi nancial year (M€) |
Change (%) |
||
|---|---|---|---|---|
| Leisure Vehicles | H1 (Sept-Feb) | 294.9 | 268.8 | +9.6 |
| Q3 (March-May) | 180.6 | 152.6 | +18.4 | |
| Total as at end of May | 475.5 | 421.4 | +12.8 | |
| Leisure Equipment | H1 (Sept-Feb) | 34.5 | 35.7 | -3.2 |
| Q3 (March-May) | 37.9 | 37.5 | +1.0 | |
| Total as at end of May | 72.4 | 73.2 | -1.1 | |
| Sales as at end of May (9-month period) | 547.9 | 494.6 | +10.8 | |
Leisure Vehicles
In the third quarter, sales of motor-caravans (+22.2%) and touring caravans (+19.3%) confirm
their favourable momentum and those of static caravans (-1.0%) have almost reached the high
level recorded last year.
Good growth in sales of accessories (+10.2%) reflects the improvement of traffic in leisure
vehicle sales outlets.
Leisure Equipment
Leisure equipment activity remains on the whole affected by the weakness of consumption.
Sales of trailers are stable (-0.2%) while those of camping equipment are down (-9.4%).
Thanks to the development of internet sales, garden equipment displays in this context an
atypical increase of 6.4%.
Financial situation
Third quarter results reinforce the forecast of a return to profit from the current financial year. The conjunction of recovering profitability and of the continued reduction in working capital requirements supported a further reinforcement of Trigano’s financial structure. In particular, net debt that reached about €150 M as of 31 May 2009 has been reduced to zero as of 31 May 2010.
Prospects
The clearly positive reception by distribution networks of the new caravan and motor-caravan ranges, resolutely innovative, should allow for the continuation of sales growth and an improved profitability in 2010/2011. The positioning of Trigano compared to its competition should also result in the gain of new market shares particularly in the field of motor-caravan.
