Trigano falls to bottom of SBF 120 as supply shortages weigh

Trigano SA

30/06/2022 08:53

** Shares is Trigano  TRIA.PA  drop around 8% after the
France-based camping vans maker posted a fall in Q3 LFL sales as
supply tensions weighed on its activities  urn:newsml:reuters.com:*:nFWN2YG14H 
    ** The group warned about heavy impact of production
stoppages of certain manufacturers of chassis vehicles for
motorhomes in the coming months
    ** Portzamparc points to a Q3 significantly below its
expectations, adding "the situation offers little visibility for
the coming months and is not expected to improve until late 2022
or early 2023"
    ** Midcap Partners flags Trigano is a discretionary goods
maker and as such hurt by the cycle reversing, with decreasing
consumers purchase power, rising oil prices, and geopolitical
context
    ** It adds the 2023 consensus might prove too optimistic in
case of recession in Europe: "the shares valuation is attractive
only if the consensus estimates are attainable"
    ** The stock, heading for its worst day in 7 months, is the
worst performer of the French mid and large cap SBF 120 index
 .SBF120 

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))