Trigano's solid Q2 results boost shares
28/03/2024 09:39
** Shares in Trigano TRIA.PA rise almost 5% after the
French camping vans maker posted a "very good Q2"
** The company said order book remains at a high level,
filling production capacity for the 2023/24 season
** It expects good growth in operating income in H1 2024
thanks to high quality margins
** "After an excellent Q1, Trigano announces a very good
Q2", Portzamparc analysts say, adding all trends observed in Q1
have been confirmed
** The broker notes Trigano's production will be unable to
keep pace with orders, and expects a significant negative cash
impact at the end of February, "but this completely derisks the
scenario for the fiscal year 2024"
** The stock is on track for its best day since Sept. 29
2023, when it closed 8.9% higher
** Out of 7 analysts that cover Trigano, six rate the stock
"strong buy" or "buy," and one analyst rates it "hold"
(Reporting by Dimitri Rhodes)
((Dimitri.rhodes@thomsonreuters.com))