Trigano jumps 8% as strong H1 outshines production concerns

Trigano SA

10/05/2022 08:49

** Shares in Trigano  TRIA.PA  jump around 8% after the
French camping vans maker boosted its net result in the first
half of its financial year  urn:newsml:reuters.com:*:nFWN2X11TD
    ** The group's net profit rose 23% to 141.3 million euros
($149.24 million) in the period, it said on Monday 
    ** "We felt that the management was particularly confident
about the development of the market," says Portzamparc in a
note, pointing to full order book and investment intentions
    ** However, Trigano anticipates a loss of production volume
of around 3,000-4,000 units in the second half, an eventual
decline attributed to the current supply level and announcements
made by carmakers
    ** Although demand for motorhomes remains strong in Europe,
the group warns it remains "a product whose consumption is
discretionary and the volume of the market could be impacted by
adverse geopolitical or economic phenomena in the medium term" 
    ** The stock, down 27% year-to-date, is on track for its
best day since March 9

($1 = 0.9468 euros)

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))