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- Paris
- 25/04/2024
- 19:54:18
- Share price (NYSE-Euronext)
Wednesday 26 March 2014
2013/2014 First Half-Year sales: +13.5%
2013/2014 First Half-Year sales: +13.5%
Continuation of the positive commercial dynamic for motor caravans and trailers
| (€M) | 2014 Financial year |
2013 Financial year |
Change (%) |
Change at constant perimeter (%) | |
|---|---|---|---|---|---|
| Leisure Vehicles | Q1 (Sept-Nov) | 193.5 |
155.4 |
+24.5 |
+2.7 |
| Q2 (Dec-Feb) | 176.0 |
165.2 |
+6.6 |
+1.5 |
|
| Half-Year | 369.5 |
320.6 |
+15.3 |
+2.1 |
|
| Leisure Equipment | Q1 (Sept-Nov) | 28.1 |
26.9 |
+4.4 |
+4.4 |
| Q2 (Dec-Feb) | 27.7 |
27.1 |
+2.2 |
+2.2 |
|
| Half-Year | 55.8 |
54.0 |
+3.3 |
+3.3 |
|
| Q2 Sales | 203.7 |
192.3 |
+6.0 |
+1.6 |
|
| Half-Year Sales | 425.3 |
374.6 |
+13.5 |
+2.2 |
|
Motor caravan sales have recorded 10.8% growth in the second quarter (+4.3% at constant perimeter), confirming the dynamics of the beginning of the year.
Caravan sales (-1.7%) have followed market trends and remained impacted by the wait-and-see attitude of distributors. In contrast, accessories for leisure vehicles sales have returned to growth and are up 4.1%.
Given the seasonality of deliveries, static caravan sales in the second quarter (-40.1%) are not indicative of a trend for the year. However full-year sales are expected to show a decline of about 12% compared to 2012/2013, in line with forecasts.
Trailers activity remained well oriented with 4.0% sales growth in the second quarter. Camping (-17.8%) and garden (+6.1%) equipments are in low season and their evolution is therefore not significant.
Optimization of structures
The reorganization programs aimed at making the company more competitive have been pursued in the second quarter. A program to reduce workforce on the Tournon-sur-Rhône site is being discussed with the social partners.
The transfer of production of Arca motor caravans on the Tuscan site of SEA, implying the closure of the Pomezia plant is ongoing.
Prospects
First half-year results should reflect the overall increase in activity as well as the confirmation of the recovery of SEA. They will however be affected by the booking of provisions for restructuring.
