TRIGANO (EPA:TRI) - 2020/2021 First Half-Year Sales

Transparency directive : regulatory news

22/03/2021 17:40

Paris, 22 March 2021

2020/2021 First Half-Year Sales: 1.4 Billion Euros (+17.6%)

Trigano achieved sales of EUR 648.2M in the second quarter of 2020/2021, up
6.3% at constant scope and exchange rates:

                                                    Variation 2020/2021
In EURM        2021       2020      2019
(Non-audited Financial Financial Financial current of which of which Change at
figures)       year       year     year    change  scope    exchange constant
                                                   effect*  rate    scope* and
                                                           effect ** exchange
                                                                      rates**
Leisure
vehicles
Q1 (Sept-Nov)   668.6     518.7    535.6   +28.9%   +2.0%    -0.5%    +27.4%
Q2 (Dec-Feb)    604,1     563,8    519,1    +7.1%   +1.8%    -0.6%     +6.0%
Half-Year     1,272.7   1,082.5  1,054.7   +17.6%   +1.9%    -0.5%    +16.2%

Leisure
equipment
Q1 (Sept-Nov)    51.9      41.0     42.2   +26.6%   +0.0%    -1.5%    +28.0%
Q2 (Dec-Feb)     44.1      39.9     40.0   +10.5%   +0.0%    -1.0%    +11.5%
Half-Year        96.0      80.9     82.2   +18.7%   +0.0%    -1.2%    +19.9%

Q2 Sales        648.2     603.7    559.1    +7.4%   +1.6%    -0.6%     +6.3%
Half-Year
Sales         1,368.7   1,163.4  1,136.9   +17.6%   +1.8%    -0.6%    +16.5%

Leisure Vehicles

In a context of strong demand for motorhomes in Europe, Trigano's sales were up
8.4% in the second quarter. Growth was hampered on the one hand, by the closure
in January and February 2021 of all Marquis outlets in the United Kingdom
following the second national lockdown imposed by the British government, and
on the other hand, by the consequences of the cyberattack suffered in early
February on the production resulting in the loss of around 700 vehicles.
Affected by the same phenomena, caravan sales were nevertheless up 3.6%. Only
the mobile homes activity remained marked by a difficult start to the year
(-48.5%): customers, severely penalised by a complicated summer season, reduced
their investments.
Sales of accessories for leisure vehicles remained buoyant and were up 49.2%
(+ 13.1% at constant scope) despite the decline in sales of terraces for mobile
homes.

Leisure Equipment

The trailers activity (+17.4%) continued to benefit from market growth in all
European countries linked to the growing interest in DIY and gardening
activities among communities who underwent various lockdowns. camping equipment
(-23.5%) and garden equipment (-3.0%) activities are in low season and their
changes over the period are therefore not significant.

Prospects

The increased interest in leisure vehicles and the prospect of emerging from
the crisis linked to the acceleration of vaccinations against Covid-19 suggest
that demand for Trigano's products will remain very strong in the coming
months.

UK retail activity sends an important positive signal with the end of the
planned "stay at home" on March 29 and the end of exit restrictions on April
12.

Trigano's priority objective remains to deliver strong increased motorhome
order books and to meet the needs of its distributor networks in the medium
term. To do this, Trigano will focus on securing its supplies in a context of
increased production at all factories in the leisure vehicle industry in
Europe, which is increasing tensions among many suppliers.

At the same time, Trigano, which created around 1,200 jobs during the first
half of the year, will continue its programs to increase its production
capacities, including in particular the hiring and training of numerous
operators and the ramp-up of its van manufacturing sites.

2020/2021 Half-Year Results will be released on 3 May 2021

IR Contact
Laure Al Hassi
phone. : +33 1 44 52 16 31
communication@trigano.fr

Euronext Paris A - CAC All-Tradable - SRD - CAC Mid 60 - ISIN FR0005691656 -
REUTERS : TRIA.PA - BLOOMBERG : TRI:FP

APPENDIX

Breakdown of sales by product category

2020/2021 Q2

EURM
(non-audited    from 12/01/20   from 12/01/19
figures)        to 02/28/21      to 02/29/20

Motorhomes          505.1           465.9
Caravans             43.6            42.1
Static caravans      12.0            23.3
Accessories          38.8            26.0
Others                4.6             6.5
Leisure vehicles    604.1           563.8
Trailers             35.1            29.9
Camping equipment     2.6             3.4
Garden equipment      6.4             6.6
Leisure Equipment    44.1            39.9
Total sales         648.2           603.7

current          of which        of which        Change at constant
change        scope effect*   of which exchange    perimeter* and
                              rates effect**     exchange** rates

39.2   8.4%   0.3    0.1%     -2.9   -0.6%        41.8     9.0%
  1.5   3.6%   0.2    0.5%     -0.1   -0.2%         1.4     3.3%
-11.3 -48.5%   0.0    0.0%      0.0    0.0%       -11.3   -48.5%
12.8  49.2%   9.6   36.9%     -0.2   -0.8%         3.4    13.1%
-1.9 -29.2%  -0.2   -3.1%     -0.1   -1.5%        -1.6   -24.6%
40.3   7.1%   9.9    1.8%     -3.3   -0.6%        33.7     6.0%
  5.2  17.4%   0.0    0.0%     -0.3   -1.0%         5.5    18.4%
-0.8 -23.5%   0.0    0.0%      0.0    0.0%        -0.8   -23.5%
-0.2  -3.0%   0.0    0.0%     -0.1   -1.5%        -0.1    -1.5%
  4.2  10.5%   0.0    0.0%     -0.4   -1.0%         4.6    11.5%
44.5   7.4%   9.9    1.6%     -3.7   -0.6%        38.3     6.3%

2020/2021 H1

EURM
(non-audited from 12/01/20      from 12/01/19
figures)         to 02/28/21     to 02/29/20
Motorhomes        1,068.0            900.0
Caravans             94.0             86.6
Static caravans      18.5             30.8
Accessories          80.4             51.6
Others               11.8             13.5
Leisure vehicles  1,272.7          1,082.5
Trailers             77.9             63.9
Camping equipment     5.6              5.9
Garden equipment     12.5             11.1
Leisure Equipment    96.0             80.9
Total sales       1,368.7          1,163.4

current        of which        of which          Change at constant
change       scope effect*   of which exchange    perimeter* and
                                rates effect**    exchange** rates

168.0  18.7%  1.9    0.2%    -5.1      -0.6%      171.2      19.0%
  7.4   8.5%  0.7    0.8%    -0.3      -0.3%        7.0       8.1%
-12.3 -39.9%  0.0    0.0%     0.0       0.0%      -12.3     -39.9%
28.8  55.8% 17.8   34.5%     0.4      -0.8%       11.4      22.1%
-1.7 -12.6%  0.0    0.0%    -0.1      -0.7%       -1.6     -11.9%
190.2  17.6% 20.4    1.9%    -5.9      -0.5%      175.7      16.2%
14.0  21.9%  0.0    0.0%    -0.8      -1.3%       14.8      23.2%
-0.3  -5.1%  0.0    0.0%     0.0       0.0%       -0.3      -5.1%
  1.4  12.6%  0.0    0.0%    -0.2      -1.8%        1.6      14.4%
15.1  18.7%  0.0    0.0%    -1.0      -1.2%       16.1      19.9%
205.3  17.6% 20.4    1.8%    -6.9      -0.6%      191.8      16.5%

* for entities entering the consolidation scope in the current year.
restatement of perimeter effect of newly consolidated entities consists of
subtracting the contribution of the acquisition from the aggregates of the
current year;
No entity left the consolidation scope during the periods mentioned in this
press release
** Restatement of the foreign exchange effect consists of calculating
aggregates for the current year at the exchange rates of the previous year.

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TRIGANO (EPA:TRI) - 2020/2021 First Half-Year Sales

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