15/01/2020

15 January 2020
15 January 2020, Comments Comments Off on Trigano reports small decline in first quarter sales (2019/2020)
Trigano reports small decline in first quarter sales (2019/2020)

The Trigano Group, which owns around 16 caravan and motorhome brands in Europe, has reported a 3.1 percent reduction in sales to €559.7m in its first quarter (2019/2020) compared to those of the same period last year. This is due to a decline in demand for caravans and motorhomes in Sweden (€-17.6m) due to the tightening of motorhome taxation and the preventive overstocking of networks, and uncertainty in the United Kingdom (€-9.2m) due to Brexit.

In addition, Trigano production volumes were reduced due to the refitting of two motorhome plants in the fourth quarter of the last financial year, which meant it did not make up for delays in the delivery of order backlogs of the brands concerned.

Mobile homes sales (-10.7 percent) were affected by the wait-and-see attitude of some managers of outdoor accommodation, while deliveries of accessories for leisure vehicles (+2.8 percent at constant scope and exchange rates) confirmed their good momentum.

Trailers sales (+4.0 percent) performed well. Changes in sales of camping equipment and garden equipment activities are not significant in the first quarter due to their seasonality.

The trend in sales of the camping equipment activity (-50.0 percent) was due to the non-recurrence of a stewardship market in the first quarter of the previous financial year. Amounts invoiced for garden equipment were stable.

Trigano noted that the European motorhome market has experienced significant changes in recent years, with the emergence of a new family of products (converted vans); the progressive consolidation of the economic chain (components suppliers, manufacturers and distributors); and more recently the introduction of a new chassis allowing it to reach performance levels compatible with global energy transition objectives.