2023-06-28 07:55:08
Par Loic Danton
Posted 4 minutes ago, Updated 4 minutes ago
62238644/savoieleysse – stock.adobe.com
While the recovery should accelerate in the second half, for the moment, the activity remains disturbed by external elements.
With share price declines of around 5%, and another 1% this morning, investors are clearly showing their disappointment when reading Trigano’s third quarter activity (ending May). Turnover recorded gross growth of 12.3% and 12.8% organically to 1.03 billion euros.
In detail and on a like-for-like basis, the Leisure Vehicles division recorded sales of 970 million euros, up 15.6%. An increase driven by motorhomes, which saw their production increase by 15% and their billings by 19.8%. Caravans grew more modestly by 3.5%, while mobile homes suffered from the lack of availability of transporters (-4.6%).
Accelerating growth, but slower than expected
The other branch of activity, Leisure Equipment, on the other hand, posted a sharp drop of 17.6% to 145.6 million euros. It was affected by unfavorable economic conditions in France and Europe according to management. So, if the decline in trailer sales slows…
This article is reserved for stock market and investments subscribers. You have 49% left to discover.
Stock market and investments
Want to read more?
Unlock all items immediately. Without engagement.
Already a subscriber to Figaro Bourse et placements? Login
1687941902
#title #retreats #disappointing #quarterly #point