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Beneteau Reports Significant H122 Growth

1_BENETEAU

Groupe Benteau reported that its revenue grew 8.6 percent and income from ordinary operations increased by 30 percent during the first half of 2022. The company also reported that it has adjusted its income forecast upward by €120 million to €125 million ($116.7 to 121.5 million).

During the first half of this year, Beneteau’s boat segment recorded 10.9 percent operating margin revenues, the company said in a statement.

The boat division generated €548.2 million ($530.7 million) of revenue in the half — up 2.8 percent from the previous year. It was offset partly by supply-chain disruptions, which led to around €80 million ($77.7 million) of deferred billing, representing 15 percent of revenues for the period.

North and Central American boat sales were up 15 percent at constant exchange rates, with motorboats up to 40 feet performing especially well, as well as fleet sales with charter professionals, which were up 21.6 percent.

To respond to strong demand, Beneteau is ramping up two yards recently acquired in Portugal that will focus on production of dayboating segments, developing the monohull and multihull sailing capacity at the French sites, and supporting growth in Italy for the boat division.

Beneteau expects between 10-13 percent growth in revenue in its boat division for the full year.

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