Trigano (TRI) Q3 2026 TU earnings summary

Executive summary

• Q3 2026 sales reached €1,162.2M, up 1.6% year-over-year, with nine-month sales totaling €2,941.6M, a 4.3% increase.

• Growth was driven by motorhomes and caravans, with notable increases in both quarterly and year-to-date figures.

• Other leisure activities showed marginal quarterly growth and modest year-to-date improvement.

Financial highlights

• Motorhomes and caravans Q3 sales: €985.9M (+1.8%); YTD: €2,550.2M (+4.7%).

• Caravans Q3 sales surged 17.2% year-over-year; YTD up 16.2%.

• Motorhome sales advanced 1.4% in Q3.

• Mobile home sales increased 1.6% in Q3; trailers declined 0.6%.

• Accessories and others remained stable, with minimal change both quarterly and YTD.

Outlook and guidance

• Improved results and strong cash generation are expected by August 2026, with positive full-year outlook.

• Ongoing share repurchase program: 300,000 shares bought for €45.6M–€45.9M, to continue in Q4.

• Confidence in motorhome market fundamentals and resilience in entry- and mid-level segments.

• Positive distributor feedback for 2027 product lines is expected to support strong order volumes.

• Inflationary pressures and economic instability could defer consumer purchases.