on TRIGANO (EPA:TRI)
Trigano Reports Robust First Half-Year Sales for 2023/2024, Signaling Strong Growth in Motorhome Sector
Trigano, a leading manufacturer in the leisure vehicle sector, has announced a significant increase in its first half-year sales for the fiscal year 2023/2024, reaching 1.9 billion euros, marking an 18.4% increase. This growth is primarily propelled by a remarkable 26.4% surge in motorhome sales, underscoring the sector's robust momentum. The company's sales in the second quarter alone saw a 17.8% rise, reaffirming the positive trend observed since the fiscal year commenced.
Despite the overall positive performance, not all segments flourished. Leisure equipment, including camping and garden equipment, faced a downturn, with sales decreasing by 3.3%. This decline reflects a seasonal adjustment rather than indicative of a long-term trend. Furthermore, caravan sales saw a significant drop of 29.4%, attributed to the spike in interest rates, affecting customer purchasing decisions.
Trigano's strategic focus on enhancing its distribution network for leisure vehicles, coupled with an optimistic outlook towards motorhome market dynamics in Europe, especially among first-time buyers, positions the company favorably for the remaining fiscal year. Dealerships, bolstered by replenished inventories, are expected to meet customer demand efficiently. Moreover, Trigano's ongoing review of the acquisition of BIO Habitat signals its commitment to strengthening its market leadership through strategic growth initiatives.
R. P.
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