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Wednesday 25 March 2015

2014/2015 Second Quarter SalesĀ : +17.0%

2014/2015 Second Quarter Sales : +17.0%

Confirmation of positive commercial momentum for motorhomes and trailers

(€M)   2015
Financial year
2014
Financial year
Change (%)
Leisure Vehicles Q1 (Sept-Nov)
210.0
193.5
+8.5
Q2 (Dec-Feb)
208.7
176.1
+18.5
Half-Year
418.7
369.6
+13.3
Leisure Equipment Q1 (Sept-Nov)
30.6
28.1
+9.0
Q2 (Dec-Feb)
29.7
27.7
+7.0
Half-Year
60.3
55.8
+8.0
Q2 Sales
238.4
203.8
+17.0
Half-Year Sales
479.0
425.4
+12.6

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.

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