Trigano leaps on better-than-expected FY sales, strong prospects
23/09/2021 09:04
** Shares in camping van maker Trigano TRIA.PA up 7.3%
after its better-than-expected FY results
** The French firm reported FY sales up 31.9% y/y to 2.93
billion euros ($3.43 billion). with order books saturating
production capacities for the 2022 season urn:newsml:reuters.com:*:nFWN2QO0XQ
** "Contrary to all expectations, Q4 revenues ... grew 1.7%
at constant scope and currency, while we had feared a 7%
decline, given elevated comparison base ... and supply chain
tensions context," Midcap Partners says
** Portzamparc echoes comments on expectations beat, adding
the stock to its "Convictions" list
** With saturated order books, the brokerage estimates the
new season's camping vans revenue of 2.5 billion euros
** The companany also decided to pay an interim dividend of
3.20 euros
** The stock, topping France's SBF 120 index .SBF120 , is
heading for its best day since beginning of May
** Including Thursday's rise, it has gained 23.41% YTD
($1 = 0.8540 euros)
(Reporting by Diana Mandiá)
((diana.mandiaalvarez@thomsonreuters.com))