Trigano : Deal to acquire Bénéteau's mobile homes may close in the next few weeks, leisure vehicle business remains buoyant
Trigano’s bid for Bénéteau's housing unit, currently under review by the French antitrust authority, could result in a deal in the next few weeks. We estimate the accretive effect on 2025 EPS at 5%. Trigano's pre-acquisition valuation multiples are already very low (2025e EV/underlying operating profit: 4.2x) while management's comments following the first autumn trade shows were reassuring, and we are already factoring in a cautious scenario (underlying operating profit -18.6%)....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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.