Trigano: stock speeds off after H1 results

(CercleFinance.com) - Trigano shares are jumping over 9%, the day after it published H1 net income of E121.
7m, albeit down from the E141.3m announced a year ago, with its underlying operating profit down less, from E179.3m to E173.4m.

The leisure vehicle manufacturer explains that it was able to control the rise in production costs and overheads, while continuing its policy of gradually adjusting its sales prices: at E1.61bn, its revenues increased 7.7%.

Given its high order book and the clear improvement in clients' welcome of motorhome chassis seen over the past few weeks, Trigano believes that it should benefit from sound growth in its sales and profitability in H2.

In addition, Trigano's Board of Directors has decided to pay an interim dividend of E1.75 per share for FY 2023. The coupon will be detached on 23 May and will be paid on 25 May.


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