In mid-morning, the title Trigano moving well ahead of the Paris market, rising by 16.57% to 3.94 euros in a market downturn. Despite the publication of results-mast, with a sharp drop in net income, the figures provided by the manufacturer of motor homes emerged above expectations. Investors were expecting worse. Trigano has achieved a net annual 2007/2008 from 16.1 million euros, against 30 million in 2006/2007. Analysts CM-CIC Securities targeted a net profit of only 10 million.
The operating margin amounted to 38.1 million euros, down 32.4%. It represents 4.4% of sales, against 6% in 2007.
The results of the recreational vehicles have been affected by both market conditions particularly difficult in the second half and by the sharp depreciation of the pound sterling whose impact could not be fully reflected in sales prices , Said the manufacturer of motor homes.
The business units have experienced difficulties in 2007 due to technical problems related to the manufacturing motorhomes on new wheel bases have all improved their results this year, but to a lesser extent than expected, he said .
With the confirmation of the recovery of the yard equipment, the profitability of the leisure equipment is progressing, operating profit sector reached 8.5% of turnover against 6.3% in 2006/2007.
The cyclical rise in working capital requirements related to inventory resulted in an increase in net debt: it reached 170.6 million at 31 August 2008. It does, however, that 55.4% of equity.
The Board of Directors will propose to the General Assembly of 8 January 2009 the payment of a dividend of 0.10 euros per share.
"In an environment marked by numerous difficulties, Trigano has implemented a policy tailored to safeguard its financial results and consolidate its position in its main markets," said Trigano spoke nt its prospects.
"The measures put in place during the second half of the year (reduction of production capacity, promotional campaigns for the public and restructuring of certain business units) will be expanded to deal with the short-term challenges posed by economic crisis fnancière and in Europe, "added the group.
According to one source market, CM-CIC Securities reiterated its Sell recommendation.
The operating margin amounted to 38.1 million euros, down 32.4%. It represents 4.4% of sales, against 6% in 2007.
The results of the recreational vehicles have been affected by both market conditions particularly difficult in the second half and by the sharp depreciation of the pound sterling whose impact could not be fully reflected in sales prices , Said the manufacturer of motor homes.
The business units have experienced difficulties in 2007 due to technical problems related to the manufacturing motorhomes on new wheel bases have all improved their results this year, but to a lesser extent than expected, he said .
With the confirmation of the recovery of the yard equipment, the profitability of the leisure equipment is progressing, operating profit sector reached 8.5% of turnover against 6.3% in 2006/2007.
The cyclical rise in working capital requirements related to inventory resulted in an increase in net debt: it reached 170.6 million at 31 August 2008. It does, however, that 55.4% of equity.
The Board of Directors will propose to the General Assembly of 8 January 2009 the payment of a dividend of 0.10 euros per share.
"In an environment marked by numerous difficulties, Trigano has implemented a policy tailored to safeguard its financial results and consolidate its position in its main markets," said Trigano spoke nt its prospects.
"The measures put in place during the second half of the year (reduction of production capacity, promotional campaigns for the public and restructuring of certain business units) will be expanded to deal with the short-term challenges posed by economic crisis fnancière and in Europe, "added the group.
According to one source market, CM-CIC Securities reiterated its Sell recommendation.
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