Trigano : 2022-23 results ahead of expectations – 2023-24 forecast to show growth
>2022-23 EBIT above forecasts: € 423.4m (€ 400m est.) – op. margin 12.2%, +140%bp - For 2023, Trigano posted better-than-expected results, with: 1/ on already-reported sales of € 3.4802bn (+9.5%, +6.5% l-f-l), EBIT of € 423.4m (+23.7% y-o-y), ahead of our estimates (ODDO BHF: € 400m est.). The EBIT margin thus improved by 140bp to 12.2% (with 12.7% for the leisure vehicle segment and 3.4% for leisure equipment). 2/ Net income came to € 308.3m (vs € 311m est.), up 10....Trigano designs, manufactures and sells leisure vehicles and leisure equipment. Co.'s operations can be divided into two segments: Leisure vehicles and Leisure equipment. The Leisure Vehicles segment produces motor caravans, caravans, mobile homes and accessories and provides services to its customers (leasing and financing of leisure vehicles). The Leisure Equipment segment produces trailers, camping equipment, and garden equipment. Co. operates in France, U.K., Italy, Germany, Belgium, Spain, Netherlands, Norway and Other countries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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