Earnings release
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TRIGANO Paris , 3 May 2021 Current operating profit for the first half - year : € 151.4 M ( + 68.3 % ) Trigano achieved sales of € 1,368.6M in the first half - year 2020/2021 , up 17.6 % compared to the first half of previous financial year ( + 16.5 % at constant scope ) . Consolidated current operating profit for the first half - year reached € 151.4M and represents 11.1 % of sales ( 7.7 % in 2019/2020 ) . In a context of strong demand for motorhomes in Europe , activity in the first half of the year was particularly strong despite the closure of Marquis outlets in the United Kingdom following the decision of national re - containment and the consequences on the production of the cyberattack suffered at the beginning of February . First half - year results also benefited from higher margins , the full impact of the refitting of the factories in Tournon and Sprendlingen , as well as lower expenses for exhibitions and advertising in the context of the health crisis . Considering a financial result of € -6.6M , a corporate tax expense of € 32.5M and the positive contribution of equity affiliates of € 2.2M , the net consolidated profit reached € 114.4M in the first half - year ( € 65.7M in 2019/2020 ) and represents € 5.93 per share . in ЄM Sales Leisure vehicles Leisure Equipment Current operating result of which leisure vehicles of which leisure equipment Other operating income and charges Operating result Net result H1 2021 1,368.6 1,272.6 96.0 151.4 144.0 7.4 0.0 151.4 114.4 H2 2020 1,163.4 1,082.5 80.9 89.3 86.4 2.9 0.7 90.0 65.7 Investments totalled an amount of € 17.2M in the first half - year ( € 20.1M in H1 2019/2020 ) . They were mainly spent on projects to increase production capacity and improve productivity . Finally , Trigano again strengthened its financial structure : net cash , traditionally at its low point at the end of February , reached € 278M ( net debt of € 78M in 2019/2020 ) while consolidated shareholders ' equity reached € 1,068M . Outlook Tensions observed for several weeks on the deliveries of various components disrupt the operation of certain production lines and lead to delays in product deliveries . In addition , the announcement by Ford of the shutdown of its factory in Kocaeli for 8 weeks following difficulties in the supply of electronic components leads Trigano to modify the industrial schedules of the sites using this chassis . The production deficit estimated for the fourth quarter is in the order of 1,500 vehicles . However , Trigano's activity should remain strong in the second half of the year due to continued strong demand in Europe for leisure vehicles and in particular for motorhomes . Beyond economic phenomena , Trigano is confident in the outlook for its markets and will continue to invest to increase its production capacities in order to serve even better its customers who are increasingly in love with nature and freedom . With its strong cash position , Trigano will remain attentive to any external growth operation that creates value . TRI LISTED IR Contact NYSE Laure Al Hassi phone . +33 1 44 52 16 31 communication@trigano.fr 2020/2021 Third - Quarter Sales will be disclosed on 30 June 2021 EURONEXT . Euronext Paris A - CAC All - Tradable - SRD - CAC Mid 60 - ISIN FR0005691656 - REUTERS : TRIA.PA - BLOOMBERG : TRI : FP