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Trigano (TRI) investor relations material
Trigano H2 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 TU earnings summary24 Sep, 2025
Executive summary
FY 2025 sales reached €3,660.2M, down 6.8% year-over-year; Q4 sales were €840.8M, down 3.8% compared to Q4 2024.
Cash generation targets were met, supported by strong operating cash flow and profitability.
Inventory normalization efforts led to reduced production and deliveries, especially in motorhomes.
Financial highlights
Leisure Vehicles sales declined 6.9% year-over-year to €3,483.1M; Leisure Equipment sales fell 4.1% to €177.1M.
Motorhomes sales for FY 2025 fell 11.8% to €2,760.6M; Caravans dropped 32.4% to €119.4M.
Mobile homes sales surged 151.9% to €256.2M; Accessories for LV rose 4.3% to €274.9M.
Q4 2025 Leisure Vehicles sales dropped 3.8% to €799.0M; Leisure Equipment sales decreased 4.6% to €41.8M.
Recurring operating income margin estimated at 9%.
Outlook and guidance
European market for new motorhome registrations grew 0.7% year-over-year; expected to reach 160,000 units by August 2025.
Strong order intake for 2026 models and normalized inventories support a positive outlook.
Business growth anticipated, driven by new product ranges and robust order book.
Ongoing focus on productivity and market share expansion amid economic and political uncertainties.
Impact of motorhome destocking on margins?
Reason for BIO Habitat's lower contribution?
Sustainability of market share gains?
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H2 202526 Nov, 2025
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Frequently asked questions
Trigano S.A. is a French company specializing in the design, manufacture, and distribution of leisure vehicles and outdoor equipment. Its primary products include motorhomes, caravans, campervans, and trailers, catering to the recreational vehicle (RV) market. In addition to vehicles, Trigano offers camping equipment and garden furniture, targeting outdoor enthusiasts and individuals seeking leisure experiences. The company also provides related services, including vehicle maintenance and repair. Trigano serves a broad customer base across Europe, capitalizing on the growing demand for travel and outdoor recreation. The company is headquartered in Paris, France, and its shares are listed on Euronext Paris.
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