Trigano : Q4 should mark a catch-up effect after the sharp contraction in sales in Q3 and outlook for 2021 seems encouraging. Target price adjusted to € 106
>Q4 should mark the return to a normative situation… - On 23 September, Trigano will publish its FY 2019-20 (closes end-August) sales, which are expected to reflect a significant catch-up vs Q3, which was adversely affected by the COVID-19 pandemic (sales shortfall of around € 300m). Q3 was characterised by a 45.7% fall in business to € 394.3m, of which -47.2% for leisure vehicles (-49.7% for motor homes to € 256.7m) due to the halt in production but also to the closu...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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