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TRI — Trigano SA News Story

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Trigano rises after reporting improved profitability in H1

** Shares in motorhomes maker Trigano TRIA.PA rise 5% to the top of French blue-chip index .SBF120 after H1 results with improved profitability

** Portzamparc BNP Paribas says the results showed "good margin, good cash flow"

** The group reached EBIT margin of 9% in H1, Portzamparc says, adding that its understanding is the management is targeting an operating margin of around 10% for the full year

** Trigano said in its quarterly update that despite turbulent global economic and political conditions, it sees further growth in sales and earnings in the second half of the year

** Portzamparc keeps a "buy" rating on the stock as it anticipates a potential near-term catalyst including an M&A transaction or a new share buyback programme

** Shares on track for their best day since April, when it closed 10.4% higher

** Up to the previous session's close, shares were down 12.9%​ YTD

(Margaux Perrin and Ronan Corcoran)

((Margaux.Perrin@thomsonreuters.com and Ronan.Corcoran@thomsonreuters.com))

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