TRIGANO
Paris, 6 January 2014
2013/2014 First Quarter Financial Information? Sales up 21.5%
? Positive commercial dynamic of motor-caravans and trailers
? Confirmation of the recovery of SEA
? Competitiveness enhancement programmes
First Quarter Salesfrom 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 commer- cial 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 confidence of distribution networks led to record 45% growth in volumes.
The evolution of static caravan sales in the first quarter (-45.4%; ?0.5 M) does not reflect a trend for the year. The market should however be difficult due to campsites' managers low appetite for investment.
Trailer sales (+6.3%) benefitted 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 significant. Financial situation
Trigano's activity in the first quarter has had no significant impact on the company's financial structure that remains characterized by strong shareholders' equity (?356 M as of 31 August
2013) and a low level of indebtedness.
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.
EURONEXTSM
contact
Rym Bel Kefi-Rougnon
phone: +33 1 44 52 16 52
2013/2014 Second Quarter Sales will be released on 28 March 2014
communication@trigano.fr
www.trigano.frEuronext Paris B - CAC All-Tradable - SRD - CAC Mid & Small - ISIN FR0005691656 - REUTERS : TRIA.PA - BLOOMBERG : TRI.FR
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