Earnings release
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TRIGANO Paris , 22 November 2021 2021 Annual Results Current operating profit : € 357.9 M ( 12.2 % of Sales ) In a context marked by the persistence of the health crisis linked to the Covid - 19 pandemic and by pressures on supplies , Trigano pursued its growth at a steady pace in 2020/2021 . Sales reached € 2,933.6 M , up 34.3 % compared to previous financial year : 2021/2020 ЄM ( non - audited figures ) 2021 2020 2019 change Sales 2,933.6 2,184.0 2,328.2 + 34.3 % Leisure vehicles 2,702.1 1,997.4 2,134.4 + 35.3 % Leisure equipment 231.5 186.6 193.8 + 24.1 % Current operating profit 357.9 180.6 210.4 + 98.2 % of which leisure vehicles 336.0 167.3 199.8 + 100.8 % of which leisure equipment 21.9 13.3 10.6 + 64.7 % Other operating income and charges 0.1 0.8 ( 0.5 ) Operating profit 358.0 181.4 209.9 + 97.4 % Financial result Net income ( 80.5 ) 222.9 ( 3.8 ) 4.5 139.6 167.5 + 59.7 % Trigano's activity was driven by the strong momentum of the motorhome market in Europe ( + 28.1 % over the season ) : people , after being confined for several months and on many occasions in 2020 and 2021 , aspire to leave their homes under conditions allowing them to limit interactions with potentially contaminated people . The motorhome , considered as a " health bubble " , has thus been the object of a very strong demand since the end of the first confinement . In order to meet this demand , Trigano continued its investment programmes aimed at increasing production and its workforce rose by just over 1,000 people . Annual results benefited from the growth in activity , an improvement in productivity and margins as well as the control of cost trends . Personnel costs ( + 21.8 % ) and external charges ( + 17.8 % ) increased at a much lower rate than sales ( + 34.3 % ) . Consolidated current operating profit reached € 357.9 M , and represents 12.2 % of sales ( 8.3 % in 2019/2020 , 9.0 % in 2018/2019 ) . The financial result ( € -80.5 M ) includes in particular a € 75.2 M charge corresponding to the revaluation of commitments to buy out minority interests due to the strong improvement in the results of the companies concerned . Considering a corporate income tax charge of € 58.3 M and the positive contribution of equity affiliates ( € 3.7 M ) , net consolidated profit reached € 222.9 M to compare with € 139.6 M in 2019/2020 , or € 11.56 per share . These results enabled Trigano to maintain a good level of capital expenditures ( € 42.7m ) and to further strengthen its financial structure : equity ( group share ) was raised to € 1,176.4 M ( € 992.7 M as at 08/31/2020 ) and net cash to € 348.4 M ( € 120.0 M as at 08/31/2020 ) . 1