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Trigano — Earnings Release 2013
Mar 28, 2013
1717_iss_2013-03-28_4752f8c4-4e0e-4eac-827a-8b37897149ed.pdf
Earnings Release
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2012/2013 Second Quarter Sales
Trigano's activity in the second quarter was impacted by the poor economic environment in Europe and by dealers' policies aimed at reducing their stocks of leisure vehicles and trailers. Sales in the second quarter reached €192.4 M, up 8.5% (-8.4% at constant perimeter).
| in €M | 2013 Financial year |
2012 Financial year |
Change (%) |
Change at constant perimeter (%) |
|
|---|---|---|---|---|---|
| Q1 (Sept-Nov) | 155.4 | 173.3 | -10.3 | -12.0 | |
| Leisure vehicles | Q2 (Dec-Feb) | 165.3 | 158.3 | +4.5 | -9.4 |
| Half-Year | 320.7 | 331.6 | -3.3 | -10.8 | |
| Leisure equipment | Q1 (Sept-Nov) | 26.9 | 16.6 | +61.6 | -7.9 |
| Q2 (Dec-Feb) | 27.1 | 19.1 | +42.0 | -0.2 | |
| Half-Year | 54.0 | 35.7 | +51.1 | +3.5 | |
| Half-Year Sales | 374.7 | 367.2 | +2.0 | -9.4 |
Leisure vehicles
In a context marked by the decrease of European leisure vehicle markets, Trigano remained committed to its policy of strictly adapting production to the demand of dealers' networks.
The contribution of external growth operations (SEA, Notin and OCS) has allowed an increase of 5.8% of motor caravan sales and limited the decline in accessories sales to 2.8%.
However, at constant perimeter, sales of motor caravans, caravans and accessories are down 11.5%, 10.7% and 7.5% respectively in the second quarter.
Deliveries of static caravans, up 22.3%, confi rm the strong increase in Trigano's market shares in a diffi cult market.
Leisure equipment
Including the companies Lider and Gaupen-Henger acquired in 2012, growth of trailer sales reached 58.0% in the second quarter.
Like leisure vehicles, trailers were impacted by the overcautiousness of distributors due to the weak traffi c in sales outlets. Trailer sales were down 8.7% at constant perimeter.
Camping (+61.8%) and garden (+1.7%) equipment activities are in low season and their performance in the quarter is therefore not signifi cant.
Prospects
First half-year results should be lower than in the previous fi nancial year due to the decline in activity. The modalities of acquisition of SEA should lead to a profi t (negative goodwill) that will be included in the fi rst half-year income statement in accordance with IFRS 3.
In a still uncertain European economic context, Trigano will continue its efforts to adapt its organization to the demand evolution and pursue the integration of recent acquisitions.
contact Rym Bel Kefi-Rougnon phone: +33 1 44 52 16 52 [email protected]
2012/2013 Half-Year results will be released on 29 April 2013