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Groupe Beneteau Releases FY 2021 Earnings Report

1_BENETEAU

Groupe Beneteau yesterday released its earnings report for fiscal year 2021, which showed strong growth and year-over-year revenues of €1.23 billion — a gain of 11.9 percent.

Group earnings before interest, taxes, depreciation, and amortization (EBITDA) was €181.6 million, or 14.8 percent of revenues, and net income across all groups was €73.4 million, which was up 48 percent from fiscal year 2019.

The company also reported free cash flow of €176.3 million, leaving cash flow at €222 million on Dec. 31, 2021.

“This [2021] was a particularly intense year in terms of human, industrial, commercial and logistics challenges, which our teams successfully rose to, Jérôme de Metz, Groupe Beneteau chairman and CEO said in a statement. “I would like to sincerely thank them, along with our partners, customers and suppliers, who have also shown their agility and flexibility in a disrupted environment.”

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