Skip to main content

Beneteau Group reports 4Q, year-end results

The Beneteau Group reported solid fourth-quarter growth with strong increases in yacht sales.

The Beneteau Group reported solid fourth-quarter growth with strong increases in yacht sales.

Boat sales rebounded in Europe and continued to grow in North America and the boat business increased 10.8 percent in fiscal 2014-15 from the previous year.

Beneteau continued deployment on the boat engine market and extended its offering toward larger boats both in power and sail. It also said it strengthened its commercial presence in areas that offered the greatest growth potential.

“This enabled our brands to experience a record increase in turnover, particularly in Europe,” the group said in its earnings statement.

For the full year, the boat business amounted to 703.4 million euros, or about $789.57 million. The powerboat business grew 15.5 percent and saw a 37.5 percent increase in motoryacht sales.

In Europe, a rebound in England, Spain and Italy enabled Beneteau to record 10 percent sales growth for the fiscal year. In North America, sales were up 11.7 percent from the previous year.

The total turnover of the boat business was 819.8 million euros, or $920.23 million, an increase of 26 percent, including the recent acquisition of Rec Boat Holdings. The latter recorded a turnover limited to $110 million in view of the bad economic situation that affects the Canadian market.

Related

FUTURE-ANGLERS

FAF Brings New Anglers into the Fold

The nonprofit organization will leverage Giving Tuesday on Nov. 29 to raise funds for its grassroots fishing and boating participation efforts.

1_NAOS.YACHTS.EXPANDS

Naos Yachts Plans New Offices

The San Francisco Bay area location will expand the dealer’s midcoast footprint and help grow its Groupe Beneteau, Lagoon, Neel, CNB Yachts, Four Winns and Wellcraft brands.

1_THANKSGIVING

Trade Only Today Returns Monday

The e-newsletter will not publish Thursday, Nov. 24, and Friday, Nov. 25, in observance of the Thanksgiving holiday.

CORRECT-CRAFT-ORPHANAGE

Correct Craft Gives Back

Employees spent a day serving at the Florida United Methodist Children’s Home, impacting more than 500 kids in need.

1_GH.ELECTRIC.HOIST

GH Motion Launches All-Electric Lift

The GH70e mobile boat lift is powered by a modular solar/battery system and has a 65-ton capacity.

1_PULSE.PING

Dealers: Are You in Compliance?

A new FTC Safeguards Rule designed to protect consumers’ personal information goes into effect Dec. 9 — are you prepared?

1_NMMA-CANADA

NMMA Canada President Steps Down

NMMA Canada president Sara Anghel is leaving the recreational boating trade group after nearly 15 years of service.

1_DEALER.OUTLOOK

Ohio Ordered To Get Serious About Algae

Many are applauding a judge’s proposed consent decree that will serve as a roadmap to address western Lake Erie’s chronic algal blooms.