Trigano speeds up on record sales, good visibility

Trigano SA

01/07/2021 08:27

** Shares in camping van maker Trigano  TRIA.PA  soar 8%,
second best performers of France's large and mid-cap index SBF
120  .SBF120 , and touching highest price ever, after record Q3
sales 
    ** Trigano reported Q3 sales more than doubling y/y to 905.7
million euros ($1.07 billion), boosted by very strong growth in
camping van, caravan, and recreational vehicle equipment sales
 urn:newsml:reuters.com:*:nNDL5vqdmQ
    ** Midcap Partners applauds a "spectacular" Q3 with strong
demand the company was able to meet by among others mobilising
its whole production capacity
    ** "This publication predominantly highlights market share
gains," Portzamparc adds, saying the figures show it
underestimated production capacity hikes since pre-pandemic
season 
    ** The brokerage flags stock trades at or below several
average 5-year valuation multiples (EV/Sales 1.1x vs. 0.9x 5-yr
avg; EV/EBIT 9.8x vs. 10.6x 5-yr avg), despite record year and
good visibility for 2021-22 -- ups PT by 6% to 208 euros
    ** YTD, stock is up 30%

($1 = 0.8438 euros)

 (Reporting by Piotr Lipinski)
 ((piotr.lipinski@tr.com))