Trigano sales drop in H1, shares slump

Trigano SA

27/03/2025 08:19

** Shares in French leisure vehicles and equipment company Trigano TRIA.PA fall 11% as it reports a 16.5% drop in its sales for the first half of its fiscal year

** It publishes H1 sales of 1.68 billion euros ($1.81 billion), compared with 1.91 billion euros a year ago

** The company has been impacted by a contraction in motor home sales and a further decline in the caravan market, analysts from Midcap Partners say

** The company underlines a decline in investments by campsite managers in France due to a less favourable 2024

season than expected in several French regions which led to a decline in mobile homes deliveries

** "Given the highly seasonal nature of this business, a significant change in sales momentum is not expected until the start of the next financial year", Trigano adds

** Shares in Trigano are on track for their worst day since March 12, 2020, if losses hold

($1 = 0.9289 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com;))