Trigano (TRI) Q3 2024 TU earnings summary

Executive summary

• Third quarter sales rose 10.8% year-over-year to €1,146.2M, driven by strong motorhome demand.

• Nine-month sales reached €3.1B, up 15.4% compared to the same period last year.

• Motorhome deliveries to distribution networks remained robust, with volume growth around 10% and favorable price/mix effects.

Financial highlights

• Q3 total sales: €1,146.2M, up 10.8% year-over-year; nine-month total: €3,052.0M, up 15.4%.

• Q3 leisure vehicles sales: €1,083.6M (+11.7%); Q3 leisure equipment sales: €62.6M (-3.1%).

• Motorhome Q3 sales: €894.4M (+20.3%); caravans: €53.0M (-30.9%); static caravans: €35.9M (-25.5%).

• Accessories for leisure vehicles Q3 sales: €83.0M (-3.7%); trailers: €47.2M (-0.6%).

• Sales growth at constant scope and exchange rates: Q3 +7.4%, nine months +13.4%.

Outlook and guidance

• End-of-season motorhome deliveries expected to drive significant full-year sales growth while maintaining quality margins.

• Motorhome market in Europe remains buoyant, with growth near 10% since season start.

• New product presentations well received; order levels align with expectations.

• Company will monitor market developments and adapt structure to gain market share.

• External growth opportunities under review; BIO Habitat acquisition pending regulatory approval.