Trigano tops SBF 120 as FY sales grow

Trigano SA

28/09/2022 08:46

** Shares in Trigano  TRIA.PA  rise over 9% after the French
camping vans maker on Tuesday posted growth in its FY sales 
        ** The sales grew 8.3% to 3.2 billion euros ($3.06
billion)
    ** Trigano should maintain a historically high gross margin
in H2, says Portzamparc ("buy"), adding the firm seems to have
dealt with occasional production stoppages 
    ** The leisure industry will eventually feel the
macroeconomic situation degrading, but "Trigano is protected
short- and medium-term by its order book, and further beyond by
the network's restocking necessity," Portzamparc adds
    ** The supply difficulties for rolling bases should improve
significantly by the end of 2022, says Midcap Partners, which
sees the company's release as resurring 
    ** Sitting at the top of France's SBF 120 index  .SBF120 ,
the shares are on track for their best day since March
        ** The stock is one of the few risers among French mid-
and large caps
  
($1 = 1.0472 euros)
 (Reporting by Olivier Sorgho)
 ((Olivier.Sorgho@thomsonreuters.com))