2017/2018 Sales : 2.3 billion euros (+35.6%)

TRIGANO

Paris, 26 September 2018

2017/2018 Sales : 2.3 billion euros (+35.6%)

Trigano recorded € 518.6M turnover in the fourth quarter, up 31.6% compared to the previous financial year.

Q4	from 06/01/18	from 06/01/17	Current Change	of which scope	of which	Change at constant
to 08/31/18	to 08/31/17	(%)	effect	exchange rate	scope and
(€M)	(€M)	(%) **	effect	exchange rate
		(%) ***	(%)
Leisure vehicles	469.8*	348.0*	+35.0*	+29.2	0.0	+5.9*
Leisure equipment	48.8*	46.0*	+6.1*	+3.9	-0.6	+2.8*
Sales	518.6*	394.0*	+31.6*	+26.2	-0.1	+5.5*

Quarterly sales benefited from the integration of Adria (contribution of € 98.9M) and from the return to a normal situation regarding the supply of some components that was delayed at the end of May.

At constant scope and exchange rate, sales of motorhome (+6.6%), static caravans (+38.8%), leisure vehicle accessories (+3.1%), trailers (+4.7%) and camping equipment (+21.6%) remained well oriented. On the other hand, caravan sales (-9.4%) suffered from the market downturn in the United Kingdom and garden equipment sales (-10.2%) experienced a tough competition in France.

Over the financial year, Trigano continued to grow and sales exceeded 2.3 billion euros.

Financial Year	from 09/01/17	from 09/01/16	Current Change	of which scope	of which	Change at constant
to 08/31/18	to 08/31/17	(%)	effect	exchange rate	scope and exchange
(€M)	(€M)	(%) **	effect	rate
		(%) ***	(%)
Leisure vehicles	2,125.8*	1,529.6	+39.0*	+29.0	-0.5	+10.5*
Leisure equipment	188.8*	177.4	+6.4*	+5.3	-0.4	+1.5*
Sales	2,314.6*	1,707.0	+35.6*	+26.5	-0.5	+9.5*

While annual sales were very favourably impacted by changes in scope (acquisition of Adria, Michael Jordan, Remorques Hubière and the consolidation over 12 months instead of 8 of Auto-Sleepers for a total of approximately € 450M), organic growth remained strong, especially for motorhomes (+11.5%), static caravans (+20.2%), trailers (+5.8%) and leisure vehicle accessories (+4.9%). Camping equipment (+1.8%) remained stable while caravan sales (-2.5% exclusive of Adria) and garden equipment sales (-11.8%) took a downturn.

Outlook

The favourable feedback given by distribution networks to Trigano's leisure vehicles new ranges, confirmed by the results of first autumn shows, allows considering sustained growth in sales for the next season despite the distribution networks' will to contain their inventory level. Trigano will pursue its gaining market shares policy in Europe and complete its production capacity expanding programme initiated three years ago.

The integration of Adria is proceeding as expected and a major investment programme will be implemented in Slovenia in the short and medium-term.

* Non-audited figures ** Restatement of perimeter effect of newly consolidated entities consists of:

- for entities entering the consolidation scope in the current year, subtracting the contribution of the acquisition from the aggregates of the current year;

- for entities entering the consolidation scope in the previous year, subtracting the contribution of the acquisition from September 1 of the current year, until the last day of the month of the current year when the acquisition was made the previous year.

No entities left the consolidation scope during the periods mentioned in this press release.

*** Restatement of the foreign exchange effect consists of calculating aggregates for the current year at the exchange rate of the previous year.

EURONEXT

TRI	Annual results will be published on 26 November after market close
	contact
LISTED	Laure Al Hassi
NYSE		phone: [phone]
[e-mail]	www.trigano.fr

SM

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