For the first nine months of the year, Boat Division revenues totaled €722.9 million, up +4% compared with the first nine months of the previous year and +6.9% at constant exchange rates.

The Boat Division's growth is being supported by positive sales trends on European markets and the strong volume of fleet orders. The North America, Pacific and Rest of the World markets are also making positive contributions to growth.

The outboard motorboat segment has continued to see a robust level of sales, followed by the good performance on the segment for 30 to 60-foot inboards. In the segment for boats over 60 feet, revenues have been affected by the slowdown in sales of large yachts and the shutdown of the business to build workboats (CNB Pro). The sailing segment, which generated 44% of sales over the first nine months of the year, is continuing to benefit from the good progress with catamarans.

Launched in September 2017, the plan to recruit 500 new staff on permanent contracts in France over the year was completed in May. As the new production capacity has been ramped up, deliveries have been deferred from the third quarter to the fourth quarter.

Based on its order book and outlook, the Boat business is targeting full-year revenue growth of +7% to +8% at constant exchange rates for 2017-18, continuing to outpace the markets.

Attachments

  • Original document
  • Permalink

Disclaimer

Bénéteau SA published this content on 10 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 July 2018 15:48:02 UTC