Group reports slowdown but strong sailing orderbook

The Lagoon 40 was launched at Boot Düsseldorf. Photo: Nicolas Claris The Lagoon 40 was launched at Boot Düsseldorf. Photo: Nicolas Claris
Industry Database

Groupe Beneteau has presented its full-year outlook for 2018-19.

A statement issued by the group states that the global recreational boat market shows a slowdown and it expects to see growth of +2% compared with +3 to +4% in 2018.

This is affected by the inboard motorboat segment’s slowdown – down 3.2% - across all hull lengths.

For the financial year 2018 -2019, the order book as of January 31, 2019 is up +4.1%, compared with the same period the previous year, helped by its sailing segment order book up by +12.3%.

The group is being hit by EU and Canadian trade tariffs on motorboats produced in the US which are having a negative impact on international sales and leading to increased competition in the United States’ domestic market.

Investments

However Group Beneteau says it is confident in the recreational boat market’s medium-term trends and is continuing to prepare for the future with the launch of a new catamaran brand and continued development of its digital capabilities.

Investments are expected to represent 85 to 87 million euros, compared with 81.3 million euros the previous year.

For the 2018-19 season, the group’s 11 brands will launch 32 new models aligned with demand from growing market segments - monohull and multihull sailing yachts and outboard motorboats.

The group currently offers more than 200 recreational boat models.

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