Boat Division: good sales trends for European, North American and fleet
For the first nine months of the year, Boat Division revenues totaled EUR758.1
million, up +4.9% year-on- year and +3.5% at constant exchange rates. The
acquisitions of Seascape and Delphia generated EUR9.6 million of additional
revenues. Like-for-like revenue growth came to +3.9% (+2.7% at constant
The Boat Division's growth is being supported by positive sales trends on the
European, North American and fleet markets. In the third quarter, Europe
delivered the strongest growth for these three sectors (+12.3%), with fleet
sales primarily recorded during the first half of the year. In North and
Central America, following a robust first six months, sales slowed down in the
third quarter. For both the first nine months and the third quarter, sales are
down year-on-year for the Asia, Pacific, South America and Rest of World
regions, which together represent just 8% of the Boat Division's revenues.
In the outboard motorboat segment, sales are robust, benefiting from the Europe
region's growth in the third quarter. They are stable for the segment for 30 to
60-foot inboards. In the segment for boats over 60 feet, business has continued
to be affected by the slowdown in sales of large yachts seen since the start of
the year. This trend is reflected in the contraction in sales for Asia,
Pacific, South America and the Rest of the World.
The sailing segment, which generated 48% of sales over the first nine months of
the year, is continuing to benefit from the strong development of catamarans
and the progress made with monohull sailing.
Housing Division: dynamic third quarter, with the full year expected to be
For the first nine months of the year, the Housing Division recorded EUR171.8
million of revenues, up +5.5% compared with the first nine months of the
previous year. Growth is being driven exclusively by the Leisure Homes
business, with revenues up +5.8%. For reference, the Residential Housing
business is no longer active in 2018-19.
This growth is linked primarily to an acceleration in orders and deliveries
compared with the previous year, particularly during the third quarter, when
revenues climbed +4.9%, as well as the strong level of export sales, with +25%
growth, driven by the Benelux and Adriatic regions, as well as Italy and Spain-
Full-year outlook confirmed for 2018-19
In line with the Boat business' order book to date, the outlook for full-year
revenue growth in 2018-19 can be confirmed on a reported basis, continuing to
outpace the market.
For the Housing Division, full-year revenues are expected to be stable
In this market environment, the Group is forecasting global revenue growth of
around +3% to +5% (+2% to +4% at constant exchange rates), with the rate of
income from ordinary operations to revenues to be virtually stable on a
- September 10, 2019: new boat models announced for the 2019-20 season
- October 29, 2019: 2018-19 full-year earnings released
At constant exchange rates: average rate for the previous reporting period.
EBITDA: earnings before interest, taxes, depreciation and amortization, i.e.
operating income restated for allocation / reversal of provisions for
liabilities and charges and depreciation charges.
Free cash flow: cash generated by the company during the reporting period
before dividend payments and changes in treasury stock.
Net cash: cash and cash equivalents after deducting financial debt and
ABOUT GROUPE BENETEAU
As the boating industry's global market leader, Groupe Beneteau, through its
Boat division's 12 brands, offers over 200 recreational boat models serving its
customers' diverse navigational needs and uses, from sailing to motorboating,
monohulls and catamarans.
Leading the European leisure homes market, the three brands from the Group's
Housing division offer a comprehensive range of leisure homes, lodges and pods
that combine eco-design with high standards of quality, comfort and
With its international industrial capabilities and global sales network, the
Group employs 7,400 people, primarily in France, the US, Poland, Italy and
CONTACTS - GROUPE BENETEAU
INVESTORS AND PRESS CONTACT
Tel +33 (0)2 51 26 88 50
Address: 16 bd de la Mer - CS 43319
85803 Saint Gilles-Croix-de-Vie Cedex - France