Trigano shares slide on soft Q2 sales, mobile home segment

Trigano SA

26/03/2026 09:25

** French recreational vehicle maker Trigano TRIA.PA falls 4.5% after its H1 revenue came in below expectations

** It reported on Wednesday Q2 sales of EUR 946.3 mln ($1.09 billion), which Portzamparc says were significantly below its expectations

** The brokerage says the results were weighed down by a supplier fire and quality issues that blocked around 600 vehicles as of late February

** Portzamparc notes the shortfall is estimated at around 35 million euros worth of semi-finished products as of late February

** "A soft Q2 driven by a one-off supplier fire...and weaker mobile homes, both masking solid underlying demand," Kepler Cheuvreux says

** The mobile home segment is a particular weak spot, with activity down 13%, hit by stronger customisation demand in France, delivery delays, and pricing pressure in certain markets, Portzamparc adds

** Portzamparc says, however, that the stock remains "relatively cheap" and that cash generation in the first half is strong despite the disruptions

** Share on track for its worst day since August 2025, when it closed 5.2 % lower

($1 = 0.8652 euros)

 (Reporting by Jerome Terroy)

 ((jerome.terroy@thomsonreuters.com))