Trigano: Strong demand boosts shares

Trigano SA

04/05/2021 08:40

** Shares in Trigano  TRIA.PA  jump 9% post H1 results
driven by a strong demand for the French camping and van
equipment company's products 
    ** Trigano reports a 74% rise in H1 net income to 114.4
million euros ($137.45 million), adding that demand for its
products will remain very strong in coming months  urn:newsml:reuters.com:*:nFWN2LK0J1
    ** "1H 21 earnings firmly beat our expectations," Societe
Generale says, upgrading Trigano to "buy" from "hold" 
    ** The brokerage also says 2021 "is shaping up to be a
record year for the company on the cash flow front"
    ** The sustained pace of motorhomes sales in Europe is
accelerating the group's operating cycle, which boosted cash
during last season and should generate the same effects this
year, Portzamparc adds
    ** The stock, which is up 13% this year, tops SBF 120 index
 .SBF120  on Tuesday
    
 
    


($1 = 0.8323 euros)

 ((diana.mandiaalvarez@thomsonreuters.com))