Trigano reports revenue growth and "solid" order book
The group maintained its commercial momentum through the first half and expects that, in the short term, the international political climate should not significantly impact its markets. The motorhome specialist added that its order books are sufficient to keep production capacity fully utilized until the end of the season.
Trigano reported revenue of 1.78 billion euros for the first half of 2025/2026, up 6.2% on a reported basis and 4.9% at constant scope and exchange rates.
For the second quarter alone, revenue came in at 946 million euros, a figure slightly below the consensus estimate of 983 million euros.
Half-year growth was primarily driven by the positive performance of the motorhome and caravan segment, which grew by 6.6% on a reported basis and 6.8% at constant scope and exchange rates.
The other leisure activities segment posted more moderate growth of 3.8% on a reported basis, but declined by 8.4% at constant scope and exchange rates.
Regarding the outlook, Trigano believes that despite an international political context marked by numerous uncertainties and cost pressures, European consumer appetite for leisure vehicles should remain strong.
The group confirmed its forecast for improved profitability in 2025/26, coupled with robust cash generation. However, the company stated it will remain attentive to economic and political developments and will agilely adapt its operations to shifts in demand.
Furthermore, the Management Board has decided to pay an interim dividend of 2.10 euros per share for the 2026 fiscal year.
Trigano specializes in the design, manufacturing, and marketing of leisure vehicles and equipment. Net sales break down by family of products and services as follows:
- leisure vehicles (95%): motor-homes (79.4% of net sales; Europe's No. 1 automaker; 49,000 vehicles sold in 2024/25; Trigano, Challenger, Autostar, Arca, Chausson, Roller Team, Eura-Mobil, Karmann-Mobil brands, etc.), mobile-homes (8.1%; 10,600 units; Résidences Trigano) and caravans (3.4%; 7,200 units; Sterckeman and Caravelair). The group also offers vehicle equipment (9.1%; refrigerators, kitchen appliances, screen porches, etc.; Camping-Profi, Euro Accessoires, Clairval, etc.) as well as leasing and financing services;
- leisure equipment (5%): primarily trailers (120,300 trailers sold in 2024/25; Erca, Sorel, Trelgo brands, etc.), garden equipment (swings, garden sheds, swimming pools; Abak, Amca, Yardmaster), and campsite equipment (tents, caravan awnings; Jamet, Plisson, etc.).
Net sales are distributed geographically as follows: France (34.5%), Germany (20.4%), the United Kingdom (12.1%), Italy (7.1%), Spain (5.6%), Belgium (4.3%), Nordic countries (3.8%), the Netherlands (3.8%) and other (8.4%).
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