Boats: continued progress for the Motorboat business and strong trends for the
At constant exchange rates, the Boat business' full-year revenues climbed to
899.4 million euros for FY 2015-16, up +9.8% year-on-year.
The Motorboat business has made strong progress (+16.3%) and now represents
58.8% of revenues for the Boat business line, compared with 41.2% for the
Sailing Boat business.
The Group is fully capitalizing on the benefits of:
- A dynamic European market,
- The extension of its range, moving towards larger units and a broad selection
of sailing and power catamarans,
- The integration of RBH's brands and sales networks with the sales
organization supporting the Beneteau and Jeanneau brands.
In Europe, revenues are up +18.3% at constant exchange rates compared with the
previous year to 462.7 million euros. The Group's brands have achieved over
+10% growth in all Western European countries, including the UK.
In North America, revenues are up +6.0% at constant exchange rates to 283.7
million euros, driven by the Motorboat business and its +14.1% growth. For the
first time, the Prestige brand is the US market leader on the 50 to 60 foot
Express Cruiser segment.
In South America, sales have contracted, down to 6.2 million euros and -62% at
constant exchange rates. The Brazilian market has been particularly affected by
the scale of the country's economic and social crisis over the past few years.
Faced with the country's instability, making it impossible to achieve reliable
development forecasts, Groupe Beneteau has decided to mothball the Beneteau
brand's recreational craft production operations at the Angra dos Reis site in
Brazil. Management of commercial operations is being transferred to the Group's
US subsidiary, whose management team has been further strengthened end of
In Asia, sales are up slightly to 56.4 million euros (+2.6%).
The Fleet business recorded a +12.5% increase in revenues to 55.1 million
euros. The Group has also supported the development of its charter customers by
offering new sources of financing.
Housing: Leisure Homes revenues higher than forecast
Following a year that was significantly disrupted by the new information system
rolled out, the Housing division has delivered on its commitments to customers
and stabilized its operations. Its revenues came to 172.8 million euros for
the full year, up +15% from FY 2014-15 and exceeding forecasts.
The Leisure Homes business accounted for 93% of revenues, with 7% for the
Residential Housing business.
The Leisure Homes business is reporting strong revenue growth, up +20% to 160.7
million euros. The upturn in orders observed at the start of the year on the
French market was confirmed during the year, driven primarily by key account
customers (+40%). The slight contraction for Italy has been more than offset by
outstanding growth (+30%) in the Group's other European markets.
The Residential Housing business generated just 12.1 million euros, down -25%.
Based on findings that there is no market for the BH subsidiary's offer
(timber-frame residential housing) in the sector for detached houses,
collective housing and dedicated residences, the Housing division initiated a
consultation process with employee representatives on October 20 concerning the
restructuring of BH to produce leisure homes.
The first shows have revealed positive market trends and activity for the
Group, benefiting both the Boat and Leisure Homes business lines.
2015-16 full-year earnings: November 9, 2016 (after close of trading)
About Groupe Beneteau
The world's number one sailboat builder - mono and multihull - Groupe Beneteau
is continuing to make progress on the motorboat market, establishing itself as
a global market leader.
For both sailing and motorboating, the Group's brands - BENETEAU, JEANNEAU,
LAGOON, PRESTIGE, MONTE CARLO YACHTS, CNB, FOUR WINNS, GLASTRON, WELLCRAFT and
SCARAB - offer over 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, IRM and COCO SWEET brands.
Breakdown of revenues by business
2015-16 Group revenues: EUR 1,083.5 million