Trigano : Q3 naturally disrupted by the health crisis, visibility for the 2020-2021 season remains low, prompting us to reiterate our Neutral rating
>Published figures in line with forecasts: Q3 sales down 45.7% - Trigano reported Q3 sales down 45.7% to € 391.8m, in line with our estimates at € 394.3m. By division, Leisure Vehicles fell by 47.2% to € 345.6m, mainly due to Motor Caravans (€ 256.7m; -49.7%), bearing in mind the group was hit by a halt in production due to the health crisis and the closure of the distribution network in the UK (loss in the UK alone is estimated at around € 100m). The Leisure Equipme...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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