Trigano rises on 'very good' FY results, confident 2023 forecast

Trigano SA

30/11/2022 10:09

** Shares in Trigano  TRIA.PA  jump 3.4%, reversing course
after an initial drop, as the French camping vans maker posts
solid annual results and volume growth targets for 2022/2023
    ** Portzamparc points to "very good" results and adds the
2022/23 season should see a significant resumption of growth in
camping cars
    ** "Over the year, the operating margin declined by -110bp
to 11.1%, which remains an excellent performance," the broker
says
    ** The group posted a record net profit of 278.5 mln euros 
($288.7 mln) for the year
    ** "The improvement in the delivery of wheel bases will
allow an increase in production in Trigano's factories which
will be gradually noticeable at the very end of the 2022
calendar year and during 2023," the group says
    ** The stock, which has dropped by 32.4% YTD, is among best
performers on France's SBF 120  .SBF120  index
($1 = 0.9647 euros)
 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))