Trigano rises after FY earnings beat expectations

Trigano SA

29/09/2023 08:24

** Shares in Trigano  TRIA.PA  are up 8% after the French
recreational vehicles specialist reported full-year earnings
above expectations
    ** The Paris-listed company said it was expecting its
full-year operating profit to reach more than 400 million euros
($424 million), above the broker's forecast and the consensus
    ** The company's sales came in at 3.48 billion euros during
its 2022-2023 financial year, up from 3.18 billion euros a year
prior
    ** "Despite some further disruptions, productivity is now
much better," Portzamparc says
    ** The broker expects the company to post an "excellent"
free cash flow for the full-year on the basis of its sales
performance
    ** Trigano tops the French SBF120  .SBF120  index and tracks
best day since May


($1 = 0.9438 euros)


($1 = 0.9434 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))