Current operating profit for the first half-year: EUR 151.4 M (+68.3%)
Trigano achieved sales of EUR 1,368.6M in the first half-year 2020/2021, up
17.6% compared to the first half of previous financial year (+16.5% at constant
Consolidated current operating profit for the first half-year reached EUR
151.4M and represents 11.1% of sales (7.7% in 2019/2020). In a context of
strong demand for motorhomes in Europe, activity in the first half of the year
was particularly strong despite the closure of Marquis outlets in the United
Kingdom following the decision of national re-containment and the consequences
on the production of the cyberattack suffered at the beginning of February.
First half-year results also benefited from higher margins, the full impact of
the refitting of the factories in Tournon and Sprendlingen, as well as lower
expenses for exhibitions and advertising in the context of the health crisis.
Considering a financial result of EUR -6.6M, a corporate tax expense of EUR
32.5M and the positive contribution of equity affiliates of EUR 2.2M, the net
consolidated profit reached EUR 114.4M in the first half-year (EUR 65.7M in
2019/2020) and represents EUR 5.93 per share.
Current operating result 151.4 89.3
of which leisure vehicles 144.0 86.4
of which leisure equipment 7.4 2.9
Other operating income
and charges 0.0 0.7
Operating result 151.4 90.0
Net result 114.4 65.7
Investments totalled an amount of EUR 17.2M in the first half-year (EUR20.1M in
H1 2019/2020). They were mainly spent on projects to increase production
capacity and improve productivity.
Finally, Trigano again strengthened its financial structure: net cash,
traditionally at its low point at the end of February, reached EUR278M (net
debt of EUR 78M in 2019/2020) while consolidated shareholders' equity reached
Tensions observed for several weeks on the deliveries of various components
disrupt the operation of certain production lines and lead to delays in product
deliveries. In addition, the announcement by Ford of the shutdown of its
factory in Kocaeli for 8 weeks following difficulties in the supply of
electronic components leads Trigano to modify the industrial schedules of the
sites using this chassis. The production deficit estimated for the fourth
quarter is in the order of 1,500 vehicles.
However, Trigano's activity should remain strong in the second half of the year
due to continued strong demand in Europe for leisure vehicles and in particular
Beyond economic phenomena, Trigano is confident in the outlook for its markets
and will continue to invest to increase its production capacities in order to
serve even better its customers who are increasingly in love with nature and
With its strong cash position, Trigano will remain attentive to any external
growth operation that creates value.
2020/2021 Third-Quarter Sales will be disclosed on 30 June 2021
Laure Al Hassi
phone. : +33 1 44 52 16 31
In a context of strong demand for motorhomes in Europe, Trigano's sales were up
8.4% in the second quarter. Growth was hampered on the one hand, by the closure
in January and February 2021 of all Marquis outlets in the United Kingdom
following the second national lockdown imposed by the British government, and
on the other hand, by the consequences of the cyberattack suffered in early
February on the production resulting in the loss of around 700 vehicles.
Affected by the same phenomena, caravan sales were nevertheless up 3.6%. Only
the mobile homes activity remained marked by a difficult start to the year
(-48.5%): customers, severely penalised by a complicated summer season, reduced
Sales of accessories for leisure vehicles remained buoyant and were up 49.2% (+
13.1% at constant scope) despite the decline in sales of terraces for mobile
The trailers activity (+17.4%) continued to benefit from market growth in all
European countries linked to the growing interest in DIY and gardening
activities among communities who underwent various lockdowns. camping equipment
(-23.5%) and garden equipment (-3.0%) activities are in low season and their
changes over the period are therefore not significant.
The increased interest in leisure vehicles and the prospect of emerging from
the crisis linked to the acceleration of vaccinations against Covid-19 suggest
that demand for Trigano's products will remain very strong in the coming
UK retail activity sends an important positive signal with the end of the
planned "stay at home" on March 29 and the end of exit restrictions on April
Trigano's priority objective remains to deliver strong increased motorhome
order books and to meet the needs of its distributor networks in the medium
term. To do this, Trigano will focus on securing its supplies in a context of
increased production at all factories in the leisure vehicle industry in
Europe, which is increasing tensions among many suppliers.
At the same time, Trigano, which created around 1,200 jobs during the first
half of the year, will continue its programs to increase its production
capacities, including in particular the hiring and training of numerous
operators and the ramp-up of its van manufacturing sites.
2020/2021 Half-Year Results will be released on 3 May 2021
Laure Al Hassi
phone. : +33 1 44 52 16 31
* for entities entering the consolidation scope in the current year.
restatement of perimeter effect of newly consolidated entities consists of
subtracting the contribution of the acquisition from the aggregates of the
No entity left the consolidation scope during the periods mentioned in this
** Restatement of the foreign exchange effect consists of calculating
aggregates for the current year at the exchange rates of the previous year.