Trigano: revenue of €3.8 billion in 2025-2026, up 3.8%
Trigano published on 23 September 2026 revenue of €3.8 billion for the 2025-2026 financial year (ended 31 August), up 3.8% year-on-year.
Growth is driven by increased deliveries of motorhomes and caravans, in a European market that remained stable in volume while France declined. The group also indicates it is targeting an operating result rate approaching 10%.
Motorhomes and caravans drive annual growth
Revenue reached €3,800.0 million for the 2025-2026 financial year, compared with €3,660.2 million a year earlier, representing growth of €139.8 million (+3.8%). Growth stands at +3.1% on a constant scope and exchange basis, with a scope effect of +€36.4 million and a currency effect of -€10.7 million.
The motorhomes and caravans division, the main contributor, grew by 4.1% to €3,325.5 million. Motorhome sales reached €2,877.2 million (+4.2%) and caravan sales €137.0 million (+14.7%). Deliveries of motorhomes to distribution networks increased by nearly 7% in volume and caravans by 15%.
Revenue from accessories and other services fell to €311.3 million (-1.4%). Activities other than motorhomes and caravans increased by 2.1% to €474.5 million, with mobile residences at €290.6 million (+2.9%, including the acquisition of BIO Habitat on 1 December 2024) and trailers at €150.3 million (+2.7%).
A stable but contrasting European market by country
The level of motorhome registrations in Europe reached nearly 160,000 units, a total virtually identical to that of the previous season (159,824 versus 159,781 units, representing zero change). This stability masks divergent trends across markets.
France declined by 6.0% (25,711 units versus 27,356), in a context the group describes as marked by economic and political uncertainties. Germany (-1.7%) and the United Kingdom (-1.3%) remain close to stability. Several countries showed growth: Spain (+22.2%), Belgium (+9.6%), Italy (+5.6%) and Sweden (+47.7%).
Trigano indicates it has continued to gain market share, relying on a price-to-equipment ratio it describes as competitive. In France, the activity of integrated distribution networks was down 5% compared with the previous financial year.
Net cash of approximately €500 million and second interim dividend
The group anticipates further improvement in results, with an operating result rate approaching 10%. The net cash position (excluding IFRS 16) improved to approximately €500 million, supported by working capital management and inventory stability (+2%). During the financial year, Trigano repurchased €60 million in shares and paid out €76 million in dividends.
On prospects, the group reports a build-up of order books providing good visibility for the first half, while observing a degree of consumer caution that has not yet translated into growth in direct consumer sales. In this context, Trigano has planned stability in motorhome production for the first half.
The executive board has decided to pay a second interim dividend of €2.40 per share for the 2026 financial year, ex-date 29 September 2026 and payable from 1 October 2026, following a first interim dividend of €2.10 paid in April. The 2025-2026 annual results will be published on 24 November 2026 after market close.
