Hunyvers, a specialist in the distribution of leisure vehicles, reported a 16% increase in sales for the first nine months of its offbeat fiscal year on Wednesday.

The group said it generated consolidated sales of 78.1 million euros for the nine months to the end of May, compared with 67.3 million for the same period last year.

Sales of leisure vehicles totalled 66.4 million euros, an increase of 14.3% fuelled by both new (+10.7%) and pre-owned (+18.6%) vehicles.

At the same time, its service business (workshop, spare parts, boating, financing prescription, etc.) grew by 26.1% to total 11.7 million euros.

On an organic basis, however, sales growth was negative at -3.9%, a decline which the company justifies by a very high basis of comparison following the strong catch-up effect that followed deconfinement.

In the third quarter alone, organic growth was -3% on a like-for-like basis at
, but reached 19.7% on a consolidated basis, at 32.8 million euros, a "historic" level according to the company.

Citing "solid visibility" for the end of the year, Hunyvers confirms that it is targeting sales in excess of 170 million euros by 2025, with an operating margin of 6.5%.

Hunyvers shares are listed on the Paris Bourse, and were up 1.7% on Wednesday morning following this publication.

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