Trigano (TRI) H1 2026 earnings summary

Executive summary

• Net income for first-half 2026 reached €121.3 million, up 14.8% year-over-year.

• Sales increased 6.2% to €1,779.7 million, with like-for-like growth of 4.9%.

• Profitability improved, with recurring operating income up 10.6% to €159.3 million.

• Motorhome and caravan sales drove growth, supported by a strong order book and increased production.

Financial highlights

• Recurring operating income margin rose to 9.0% from 8.6% in the prior year.

• Net operating income reached €158.9 million, up from €143.1 million.

• Earnings per share increased to €6.28, up 14.8% year-over-year.

• Operating cash flow was €151.0 million, with cash and cash equivalents at €562.2 million.

Outlook and guidance

• The European motorhome market remains resilient, with registrations up 6% year-over-year in March 2026.

• Healthy order book for motorhomes and caravans supports expectations for further sales and earnings growth in the second half.

• Continued economic instability and inflationary pressures could impact demand, but strong entry- and mid-range positioning may help gain market share.

• The company is prepared to adapt to changing market conditions and capitalize on opportunities.