Hunyvers: annual results disappoint, share price falls

(CercleFinance.com) - Hunyvers, a specialist in the distribution of leisure vehicles, reported on Thursday a slightly sharper-than-expected fall in operating income for the year ending August 31, 2023.


The group, which owns 15 motorhome dealerships, saw its operating income fall by 13.2% to 5.4 million euros over the full 2022/2023 financial year.

Excluding costs related to the integration of Ypo Camp Sublet, which is currently undergoing restructuring, operating income would have reached 5.9 million euros for the 2022/2023 financial year.

This performance is below the forecast made by Euroland analysts, who were targeting earnings of six million euros.

Consolidated sales came to 112.4 million euros, up 16.1% on the previous year.

In its press release, Hunyvers states that it expects to post further growth in business for the 2023/2024 financial year, which began in early September.

Operating profitability should benefit from the finalization of the reorganization at Ypo Camp Sublet, the growing contribution of other acquisitions, the resumption of growth in services and the ramp-up of the yachting division.

In the longer term, the company confirms all its financial targets, continuing to aim for sales in excess of 170 million euros and an operating margin of 6.5% by the 2024/2025 financial year.

Following these announcements, Hunyvers shares on the Paris stock exchange fell by more than 2% on Thursday morning. Since the beginning of the year, Hunyvers shares have risen by 18%, compared with a 1.5% decline for the CAC Mid & Small index.

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