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Trigano — Earnings Release 2010
Sep 27, 2010
1717_iss_2010-09-27_551ced04-00d0-4099-946f-b4c2e9866072.pdf
Earnings Release
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2010 Sales: 698.1 M€ (+9.7%)
In the fourth quarter, Trigano sales confirmed their good momentum, lifting annual sales to €698.1 million (+9.7%).
| Q4 | from 6/1/10 to 8/31/10 (€M) |
from 6/1/09 to 8/31/09 (€M) |
Change (%) |
|---|---|---|---|
| Leisure vehicles | 124.0 | 116.4 | +6.5 |
| Leisure equipment | 26.1 | 25.1 | +4.1 |
| Sales | 150.1 | 141.5 | +6.1 |
| Financial Year 2010 | from 9/1/09 to 8/31/10 (€M) |
from 9/1/08 to 8/31/09 (€M) |
Change (%) |
| Leisure vehicles | 599.5 | 537.9 | +11.5 |
| Leisure equipment | 98.6 | 98.3 | +0.2 |
| Sales | 698.1 | 636.2 | +9.7 |
Leisure vehicles
In the fourth quarter, motor caravan (+10.7%) and caravan (+4.3%) sales confirmed the commercial success met by Trigano's products. Sales of these products are up 12.6% and 16.1% respectively on a full year basis. Accessories for leisure vehicle sales are also on a favourable trend (+3.9% for the financial year).
After two years of strong growth (+80% in two years) static caravan sales (-9.0% in the quarter) are up 4.1% on last year's despite a decrease in non professional purchases during the last months.
Leisure equipment
Boosted by the growth of internet sales, garden equipment activity has pursued its development (+12.0%) and ended the year up 8.5%.
Trailer sales (-4.5% in the financial year) have started their recovery with a fourth quarter (+1.8%) marked by a rebound in the demand of professional trailers.
Camping equipment activity increased slightly in the financial year (+1.9%).
Financial situation
Trigano has continued to strengthen its financial structure during the 2010 financial year and ended it with a net cash position. The return to profit coupled with the efforts to reduce the working capital requirements have indeed led to an improvement in the cash flow situation by more than 100 M€.
Prospects
The good reception of the new ranges of vehicles by distributors and by the public have led to an increase in order books, particularly significant for motor caravans, and should allow a further increase in sales in 2011. Having demonstrated its high adaptation capacities and its ability to reinforce its financial structure, Trigano is particularly well-equipped to make the most of the new prospects offered by the end of the crisis for leisure vehicles.
contact Rym Bel Kefi-Rougnon phone: +33 1 44 52 16 52 [email protected] www.trigano.fr
2010 Annual results will be released on 24 November 2010