Trigano has released its annual report for its fiscal year 2024/25, in which it generated recurring operating income of €335.9 million and operating cash flow of €563.9 million.
The company, which owns the Residences Trigano and BIO Habitat mobile home brands, says that in addition to a contraction in selling margins linked to the fall in sales (down 11.1 per cent at constant scope), the financial statements for the fiscal year reflect: an erosion in margin levels linked to targeted sales operations designed to speed up destocking in the distribution networks; a reduction in production hours, resulting in a lower absorption rate of production costs; and lower productivity in connection with the reorganization of production against a backdrop of a sharp decline in volumes.
Despite this highly adverse environment, Trigano says it demonstrated its ability to maintain good quality results, with recurring operating income coming in at €335.1 million, or 9.6 per cent of sales, at constant scope.
Taking into account net financial expense of €12.2 million and corporate income tax of €85.4 million, consolidated net income amounted to €239.4 million (€374.5 million in fiscal year 2023/2024), or €12.41 per share.
This performance enabled Trigano to further strengthen its financial structure, with total equity increasing to €2,081.3 million (versus €1,915.1 million at August 31, 2024) and net cash of €279.2 million (representing an improvement of €234.6 million).
Lastly, during the fiscal year, Trigano acquired BIO Habitat for a net cash consideration of €196.7 million, made investments totaling €43.2 million (versus €60.8 million in fiscal year 2023/2024) and paid dividends to shareholders in the amount of €67.5 million
Outlook
The year-on-year evolution in attendance at most of the major fall trade shows and fairs reflects Europeans’ growing interest in active, simple, affordable outdoor leisure activities. In this context, Trigano’s strategy is to offer increasingly attractive and accessible products in order to consolidate its positive market share momentum and remain on a growth track.
In first-half 2026, in order to meet demand in its markets, Trigano will gradually increase production to align closely with distributors’ business cycles. In the mobile home business, after a season marked by a sharp contraction in investment by campsite managers in France, the 2026 season has got off to a good start, with the market expected to grow by around 5-10 per cent.
Thanks to the solid increase in the order book, reflecting the success of the 2026 ranges and the absence of destocking operations by motorhome distribution networks, Trigano expects a clear improvement in business and results for the coming fiscal year. Trigano will, however, remain attentive to consumer sentiment and adapt its production capacities and costs to changes in demand.
Lastly, Trigano intends to continue to study all external growth opportunities of strategic interest
See the full report on the Trigano website.
Main image: Trigano
