Groupe Beneteau revenue up 12.6%
Groupe Beneteau’s boat business revenue increased 12.6% during 2017.
The group’s latest financial report confirms a third consecutive year of growth for its boat division as a result of new products and adaptations to production facilities with revenue up from €910.7 during 2016 to €1,025.5 in 2017.
In a statement, the group said income from ordinary operations is up 71.3% to €78.9m, buoyed by the product mix and volume effect.
“This progress has been built around a reinforced and diversified offering, effectively aligned with the demands of markets with positive trends in Europe and North America.”
The first results of the transformation actions rolled out within its ‘Transform to Perform’ plan, particularly for developing new products and adapting production facilities, has enabled the group to significantly improve its operational profitability.
Orders recorded at December 31 2017 are up 23.4% from the order book for the same period last year.
This progress reflects 25.1% growth for the sailboat segment and 21.9% for the motorboat segment.
Full-year revenue growth for the boat division is expected to reach between 5.5% and 7.5%.
Between the group’s ten brands, there will be 38 new models launched for the 2017-18 season.
The Transform to Perform plan’s priorities will include sustained investment in industrial capacity - multihull, outboard, American boats - and international commercial development, particularly for North America and the large yacht segment – both multihull and motor.
Looking ahead, the statement continued: “The atmosphere has been positive at the season’s first shows in Europe and this looks set to continue in the US. These markets are expected to see their positive trends continue.
“There has been strong demand from professional charter firms, further strengthened by the weather-related phenomena affecting the Caribbean and United States. This is reflected in early growth with the order book.”
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