Trigano: FY earnings up 60%
(CercleFinance.com) - Trigano has reported a 59.
7% increase in 2020-21 net profit to 222.9 million euros, with underlying operating profit almost doubling (+98.2%) to 357.9 million euros, representing 12.2% of sales, compared with 8.3% in 2019-20.
The leisure vehicle and equipment manufacturer's revenues reached 2.93 billion euros, up 34.3%, despite the ongoing health crisis stemming from the Covid-19 pandemic and tensions over supplies.
However, Trigano warns that the sharp increase in demand will not translate into a proportional increase in sales, due to supply difficulties that will severely weigh on sales growth in H1 and possibly beyond.
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