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Trigano — Earnings Release 2013
Jan 8, 2013
1717_10-q_2013-01-08_9b0f0289-3d2e-4d6a-876a-5f2aa3359e3c.pdf
Earnings Release
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2012/2013 First Quarter Financial Information
Trigano sales in the fi rst quarter of 2012/2013 fi nancial year reached €182.3 M.
| from 09/01/12 to 11/30/12 (€M) |
from 09/01/11 to 11/30/11 (€M) |
Change (%) |
Change at constant perimeter (%) |
|
|---|---|---|---|---|
| Leisure Vehicles | 155.4 | 173.3 | -10.3 | -12.0 |
| Leisure Equipment | 26.9 | 16.7 | +61.6 | +7.9 |
| Sales | 182.3 | 190.0 | -4.0 | -10.2 |
Leisure Vehicles
In an economic environment unfavourable to the consumption of leisure and open-air equipment, Leisure vehicle sales are down 10.3%.
Motor-caravan (-11.8%) and caravan (-20.1%) sales were impacted by the poor business conditions and by the wait-and-see attitude of distribution networks. Deliveries of static caravans are also down (-13.5%) but their annual sales growth should be positive given the good level of the order book.
Accessories sales, up 9.5% in the quarter (+2.2% at constant perimeter), are well oriented.
Leisure Equipment
Thanks to the integration of the companies Lider and Gaupen-Henger, trailer sales are up 74.9% compared to last year. They are stable at constant perimeter (+0.2%) refl ecting the renewed success of Trigano's products despite the unfavourable environment.
Camping (+30.0%) and garden (+27.0%) equipment activities are in low season, and their performances are therefore not signifi cant.
Financial situation
Trigano's activity in the fi rst quarter has had no signifi cant impact on its fi nancial structure.
Acquisition of SEA
The acquisition of the company SEA, the Italian manufacturer of motor-caravans based in Poggibonsi, announced on 23 November 2012, was fi nalized following the agreement of the competition authorities in Germany and Italy.
Prospects
The 2012/2013 fi nancial year started in a diffi cult economic environment. Trigano's efforts during this year will be oriented in particular towards the integration of SEA and the implementation of synergies that have already been identifi ed. In parallel, Trigano will pursue its policy aimed at increasing market share through innovation and the improvement of the competitiveness of its products while adapting its activity and structures to the evolution of its markets.