Euroland Corporate reaffirms its 'buy' recommendation on Hunyvers, with a price target slightly lowered from 18 to 17.50 euros, following the group's announcement of sales up 16.1% to 112.4 million euros for its 2022-23 financial year.

The integration of Martin Caravanes, Ypo Camp Sublet and Caravanes Cassegrain made a positive contribution to this performance, bringing external growth to +16.3% on organic growth of -0.2%", says the analyst.

Euroland Corporate adds that sales of leisure vehicles rose by 19.1% to 94.4 million euros (+1% organic), while sales of services were up 2.6% to 18 million (-5.6% organic).

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