Trigano drops to bottom of SBF 120 as 'logistical disruptions' weigh

Trigano SA

27/06/2023 09:03

** Shares in Trigano  TRIA.PA  fall 6% with an analyst
pointing to logistical hurdles and the risk of economic slowdown
that overshadow rising sales of the French RV producer
    ** Trigano on Monday reported Q3 sales of 1.03 billion euros
 ($1.13 billion), up 12.8% at constant scope and exchange rates 
    ** Midcap Partners says that although sales have improved,
there are "logistical disruptions" this time
    ** It adds the group "could be penalized by the economic
slowdown and the loss of purchasing power"
    ** The broker also warns of the "wait-and-see attitude
induced by European Commission green ambitions", which doesn't
exclude leisure vehicles to date
    ** The consensus expectations which assume Q4 sales growth
of 29.4% "could be ambitious", Midcap says
    ** The stock hits the bottom of France's SBF 120 index
 .SBF120  which rises 0.18%
($1 = 0.9147 euros)

 (Reporting by Lina Golovnya)
 ((lina.golovnya@thomsonreuters.com))