Trigano reported sales of €3.8 billion for the 2026 fiscal year, an increase of 3.8% compared with the previous year, with growth mainly driven by its motorhome business.

Strong demand for Trigano products in most European countries pushed motorhome deliveries to distribution networks up by around 7% in volume, while caravan deliveries increased by 15%. Growth in the motorhome business was nevertheless affected by a 5% year-on-year decline in the performance of the group’s integrated distribution networks, with the French market held back by economic and political headwinds.
Motorhome sales increased by 4.2% to €2.877 billion, while caravan sales rose by 14.7% to €137 million. The Motorhomes and caravans segment, which also includes accessories and other activities, generated sales of €3.326 billion, up 4.1% from €3.196 billion in fiscal 2025.
Accessories and other services sales declined by 1.4% to €311 million. Sales through the French integrated distribution networks were down, while deliveries of accessories to European networks remained broadly stable, with strong growth in Germany offsetting weaker performances in France and the Netherlands.

Other leisure activities

At constant scope, mobile home sales increased by 1.9% in volume but declined by around 6% in value, due to an unfavorable product mix and selling price pressure in a market described by Trigano as being at the trough of the cycle. Following the acquisition of BIO Habitat on December 1, 2024, reported mobile home sales increased by 2.9% to €291 million.
Trailer sales rose by 2.7% to €150 million, supported by a strong performance from luggage trailers and growth in several Eastern European countries.

Financial results

Trigano said sales growth and the positive trend in production point towards a further improvement in earnings, with the recurring operating margin progressing towards 10%. Thanks to working capital management and broadly stable inventories, up 2%, the group’s net cash position before IFRS 16 increased significantly to around €500 million. During the fiscal year, Trigano bought back shares worth €60 million and paid €76 million in dividends.

European motorhome market and outlook

The European motorhome market remained resilient, with new registrations broadly in line with the previous season at nearly 160,000 units. France declined by 6%, Germany by 1.7% and the United Kingdom by 1.3%. Several other markets recorded growth, including Spain at +22.2%, Italy at +5.6%, Belgium at +9.6% and Sweden at +47.7%.

“The positive reception by distributors for the 2027 model lineup,” says Trigano in its press release, “together with their confidence in Trigano, has driven an increase in the order book, providing good business visibility for the first half of the year. As the season gets under way, the continued popularity of leisure vehicles was confirmed by strong visitor numbers at the early national trade shows (259,000 visitors at Düsseldorf, 100,000 at Parma) and at the fall trade fairs. However, due to a degree of consumer caution, this has not yet translated into growth in motorhome sales to private customers. Trigano will continue to monitor changes in demand and is planning to keep motorhome production stable in the first half of the year. Mobile home market fundamentals remain favorable. This product offers a vacation experience that combines comfort, sociability, safety and freedom in an outdoor setting at affordable prices, and appeals to a growing number of young people and families”.

“The number of overnight stays at campsites in France during the past season is expected to be close to the record levels set in the previous year, testifying to the continued popularity of this type of vacation,” the press release continues. “Pending the upcoming trade shows and the opportunity to assess the latest trends, the market remains characterized by a wait-and-see approach on the part of major corporate clients. In the longer term, a new bull market is expected to begin, driven by the fundamentals of the rental market and the need to renew the housing stock. Backed by its excellent financial position, Trigano intends to maintain its growth strategy in the European leisure vehicle markets, including through external growth transactions” .