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Trigano SA ( (FR:TRI) ) has shared an update.
Trigano SA reported a 17.4% decrease in first-quarter sales, primarily due to efforts to normalize motorhome stock levels after an overestimation of vehicle needs by distributors. Despite a challenging first quarter, Trigano gained market share in a growing European motorhome market and anticipates a return to normalized production rates. The company also completed the acquisition of BIO Habitat, expecting positive synergies and a favorable medium-term outlook for its mobile home business.
More about Trigano SA
Trigano SA operates in the leisure vehicle industry, focusing on motorhomes, caravans, and leisure equipment such as trailers. The company targets the European market, where it aims to capture market share through a strategic product and pricing approach.
YTD Price Performance: 0.0%
Average Trading Volume: 4
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.53B
Learn more about TRI stock on TipRanks’ Stock Analysis page.