Beneteau : 2019-20 nine-month revenues

For the first nine months, Boat revenues came to €623.2 million, down 17.8% year-on-year and 18.4% at constant exchange rates.

As all of the Group's plants were temporarily shut down due to the health risks, the contraction in revenues concerns all the segments and regions, which all show a downturn in business at end-May 2020, with the exception of fleet sales, which are up 26.8%, thanks to an excellent first half of the year (+60%).

On a reported basis, North America (-22.4%) was slightly less affected than Europe (-26.6%), despite a significant drop of -46.6% for the American brands. The contraction for other regions around the world came to -19.5%.

For the first nine months of the year, the downturn for motorboat segments (-21.7%) shows contrasting trends: the decline was limited for 30 to 60-foot outboard and inboard motorboats, but significantly more marked for the inboard (under 30 feet and over 60 feet) and jet segments.

Sailing revenues are down 13.5%, offset in particular by the fleet sales performance mentioned previously.

At end-May 2020, the Sailing and Motorboat segments each represent 50% of revenues for the Boat division.