2014/2015 Second Quarter Sales : +17.0%

Confirmation of positive commercial momentum for motorhomes and trailers

Thanks to the good level of demand in the United Kingdom, Germany, Belgium and Spain as well as market share gains, sales of motorhomes recorded a growth of 23.0% in the second quarter. Deliveries of caravans (-12.3%) remained impacted by the poor economic situation in France and Netherlands, and were affected by the wait-and-see attitude of distributors. Despite good growth outside France, sales of accessories for leisure vehicles (-1.6%) were impacted by the sluggishness of consumption on the French market.

Given the seasonality of deliveries, static caravan sales in the second quarter (+24.0%) are not indicative of a trend for the year. In view of the still negative evolution of the French market, annual sales should decrease in comparison to 2013/2014.

Trailers activity remained well oriented with 8.0% sales growth in the second quarter. Camping equipment (-11.7%) and garden equipment (+10.4%) are in low season and their evolutions in Q2 are therefore not significant.

Prospects

First half-year results should reflect the overall increase in activity and the effects of restructuring programs implemented in 2013/2014.

The high level of motorhomes order backlog points to a sustained activity in the second half-year.

Production capacities will be temporarily adjusted thanks to input of additional workforce and resort to the increase of working hours.