Groupe Beneteau

Nautical Ventures Group will carry the Beneteau and Excess sailboat brands on Florida’s east coast.

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.

The company will leverage its Four Winns brand to launch a line of electric boats starting in spring 2023.

The company reported FY 2021 revenues of €1.23 billion — higher than forecasted and up 11.9 percent from 2020.

The builder adds the Rodman Lusitania shipyard to support demand for powerboats under 40 feet.

While the boat segment was down 13 percent in the third quarter, boat sales were up for the 10-month period ending Oct. 3.

The Portugal-based yard builds powerboats from 25 to 35 feet and was doing subcontracting work for the group.

The French conglomerate made several announcements at the Cannes Yachting Festival, with notable updates across a handful of its brands.

As part of the conglomerate’s realignment, the Groupe has inked an agreement with Italian yard Solaris to purchase the bluewater sailing brand.

Delphia, acquired by the Groupe in 2018, will now be led by Martin Schemkes.

Revenues were down 15.1 percent for the 16-month period that ended Dec. 31. A full report is due next month.

The breach was detected last week, resulting in a full network shutdown and production stoppage at several locations.

The company has been making adjustments to offset impacts of Covid-19.

The group reduced investments by 30 percent in response to the Covid-19 pandemic.

The company named three new brand directors and a CEO of naval construction in Bordeaux.

The company said it will move forward with eight brands instead of 12.

Four Winns will now be a power cat line, as the company lays out a five-year plan for its eight brands.

Bruno Thivoyon becomes chief financial officer of the French boatbuilding conglomerate.

Boat sales were up 4.6 percent, but income from ordinary operations fell 5.8 percent for fiscal 2018-19.

Paul Blanc will become general manager of the Jeanneau brand and Jean-Paul Chapeleau will become deputy CEO of Industrial Studies, Purchasing and Product Development.

The French conglomerate also looks to the future, with foiling technology and boat recycling.

The French conglomerate reported a “contraction” for its American brands because of tariffs.

The company did, however, give Trade Only Today an exclusive glimpse into its road map forward last month.

The CEO for North American operations retires from the company.