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Trigano — Earnings Release 2014
Jan 5, 2014
1717_10-q_2014-01-05_3e73dbad-dd08-462b-9319-2b02c97d3779.pdf
Earnings Release
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2013/2014 First Quarter Financial Information
- Sales up 21.5%
- Positive commercial dynamic of motor-caravans and trailers
- Confi rmation of the recovery of SEA
- Competitiveness enhancement programmes
First Quarter Sales
| from 09/01/13 to 11/30/13 (€M) |
from 09/01/12 to 11/30/12 (€M) |
Change (%) |
|
|---|---|---|---|
| Leisure Vehicles (excl. SEA) | 159.6 | 155.4 | +2.7 |
| SEA | 33.9 | - | - |
| Total Leisure Vehicles | 193.5 | 155.4 | +24.5 |
| Leisure Equipment | 28.1 | 26.9 | +4.4 |
| Total Sales | 221.6 | 182.3 | +21.5* |
* : +2.9% at constant perimeter
Commercial activity
Sales of motor caravans have increased in all major markets. Growth in volumes at constant perimeter (+9.4%) is higher than that in revenues (+3.9%) due to the success of the commercial operations initiated on entry-level vehicles at the main autumn shows.
The contribution of SEA (company acquired on 1st January 2013) exceeds the objectives: the renewed confi dence of distribution networks led to record 45% growth in volumes.
Caravan (-1.3%) and accessories for leisure vehicle sales (-0.9%) remained affected by the wait-and-see attitude of distributors.
The evolution of static caravan sales in the fi rst quarter (-45.4%; €0.5 M) does not refl ect a trend for the year. The market should however be diffi cult due to campsites' managers low appetite for investment.
Trailer sales (+6.3%) benefi tted from a major promotional operation as well as from a slight recovery of the French market.
Camping (-19.8%) and garden (+4.0%) equipment activities are in low season. Their sales evolutions in the quarter are therefore not signifi cant.
Financial situation
Trigano's activity in the fi rst quarter has had no signifi cant impact on the company's fi nancial structure that remains characterized by strong shareholders' equity (€356 M as of 31 August 2013) and a low level indebtedness.
Prospects
contact
Rym Bel Kefi-Rougnon phone: +33 1 44 52 16 52
Trigano will focus its efforts on the implementation of reorganization programmes in order to make the company more competitive. These programmes will translate into a right-sizing of production capacities and by headcount reductions in the support functions in particular in the loss-making business-units and activities.
2013/2014 Second Quarter will be released on 28 March 2014