Trigano : H1 results slightly below expectations and limited visibility in Q3
>Results fell short of expectations, H1 underlying operating profit: € 89.3m vs € 101m estimated - Trigano reported lower-than-expected H1 results. The key figures are as follows: 1/ Sales up +2.3% to € 1,163.4m (already published), the underlying operating profit fell by 10.9% to € 89.3m, i.e. below our estimates since we factored in a virtual stability at € 101m. The operating margin declined by 110bp to 7.7% (vs The bulk of the difference is explained by a lower co...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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