Trigano (TRI) Q2 2025 TU earnings summary

Executive summary

• First half-year sales reached €1.7 billion, down 12.1% year-over-year, reflecting production adjustments to normalize inventory levels.

• Integration of BIO Habitat contributed €72 million to sales, boosting mobile home segment performance.

• Current operating result expected at 8% to 9% of sales, impacted by lower sales and margin adjustments.

Financial highlights

• Sales at constant scope and exchange rates declined 16.5% compared to the same period last year.

• Q2 sales were €905.4 million, down 7.1% year-over-year; H1 sales totaled €1,675.2 million, down 12.1%.

• Mobile home sales surged 174.7% to €107.4 million due to the BIO Habitat acquisition.

• Caravans sales dropped 33.1% in Q2; motorhome sales fell 15.6%.

• Accessories for leisure vehicles showed positive momentum in Q2.

Outlook and guidance

• Motorhome market in Europe remains robust, except for minivans, especially in Germany.

• No significant sales momentum expected in mobile homes until next financial year due to seasonality and French market uncertainties.

• Company will maintain operational flexibility and rigorous production management amid economic and geopolitical uncertainties.