ordinary operations -33.8 -35.6 -6.5 -1.7 -40.3 -37.3 n.s.
(Group share) -25.5 -33.7 n.s.
(1) At current exchange rates
Over the first half of 2015-16, consolidated revenues climbed to EUR348.1
million, up +11.2% from the first half of the previous year.
Income from ordinary operations is down EUR3 million to -EUR40.3 million, while
net income improved EUR8.2 million to -EUR25.5 million.
As billing is concentrated primarily over the second half of the year, income
from ordinary operations and net income are traditionally negative for the first
half of the year.
Boats: good sales trends, particularly for the European market
For the first half of 2015-16, revenues came to EUR291.2 million, up +15.9% from
the first half of the previous year. At constant exchange rates, revenue growth
comes out at 12.5%.
Thanks to its order book on the same date, the Group is forecasting growth of
over +12% for the Boat business at constant exchange rates. This progress
primarily factors in the Group performing better than expected on the European
market, offsetting the lower rate of growth for the American market and the weak
performance by markets in South America and Asia.
Income from ordinary operations for the Boat business came to -EUR33.8 million,
compared with -EUR35.6 million at end-February 2015 and was adversely affected
by non-recurring elements, including a commercial dispute.
Housing: strong upturn in investments by tourism professionals
In the Leisure Homes business, revenues for the first six months of the year
contracted -7.9% to EUR50.3 million. Orders show growth of over 15%, confirming
the upturn in investments by French tourism professionals as expected, buoyed by
the success of the Group's new products.
With business picking up again, a new information system has also been started
up, resulting in operational difficulties and additional costs (reinforcements
for logistics, transport and supplies, etc.). The Housing business' income from
ordinary operations is therefore down to -EUR6.5 million.
For the first half of 2015-16, the Housing Division generated EUR56.9 million in
revenues, down -7.6%.
Outlook for the full year in 2015-16
- Sustained growth for the Boat business with significant regional differences,
lower than initially forecast,
- Very strong upturn on the Leisure Home market after falling for three years,
- Major investments in industrial facilities and management tools, with programs
of actions launched for the Group's transformation and non-recurring costs,
- The combination of these factors is expected to be reflected in strong
business growth, stable income from ordinary operations and a very
significant increase in net income.
The half-year activity report will be available online at www.beneteau-group.com
from April 29, 2016.
About the BENETEAU Group
The world's number one sailing yacht builder - both mono and multi-hull - the
Beneteau Group has continued to make progress on motorboats, and is now a global
On both sailing yachts and motorboats, the Group's brands - BENETEAU, JEANNEAU,
LAGOON, PRESTIGE, MONTE CARLO YACHTS, CNB, FOUR WINNS, GLASTRON, WELLCRAFT and
SCARAB - are able to offer more than 200 models ranging from 15 to 105 feet.
The Group is also a leading player on the European leisure home market, with its
O'HARA and IRM brands, and is developing its business on the market for high
environmental performance residential housing. Designing and producing
timber-frame houses, it aims to make quality homes that are affordable and in
line with sustainable development standards.
Breakdown of revenues by business*
2014-15 Group revenues: EUR969.5 M
* with Rec Boat Holdings LLC
Press information: Sarah Jardin email@example.com
Tel: +33 1 44 82 46 36 - Mobile: +33 6 48 33 69 83
Shareholder contact: Yannick Coicaud-Thomas firstname.lastname@example.org
16 bd de la Mer - CS 43319 - 85803 Saint Gilles Croix de Vie Cedex - France