Groupe Beneteau reports 6.5 percent sales gains for FY 2017-2018


Groupe Beneteau had sales of $1.47 billion for its fiscal year that ended Sept. 30, up 6.5 percent compared to the same period a year ago. The company reported net income of $69.7 million, up 2.5 percent for the year, beating initial forecast for sales and profits.

The boat division reported sales of $1.24 million for the year, up 6.7 percent. A statement said this was the fourth consecutive year of “strong growth, supported by a stronger and diversified range” of products. It said a “dynamic level of sales” for its multihull sailing and outboard/inboard powerboat segments drove the growth.

The group’s European sales rose 12.7 percent at constant exchange rates, with sales in North America up 4.4 percent for the year. It said that sales of small powerboats in North America were up, while there was a “contraction for large motoryachts.” Sales in the Asia-Pacific region were up 27.3 percent.

Groupe Beneteau generated $138.1 million in operating cash flow. It invested $92.6 million last year, so it has a cash position of $184.5 million. “The group’s positive cash position is enabling it to continue investing in product development and industrial facilities and capitalize on opportunities for growth,” the statement said.

For fiscal 2018-2019, the group said it would continue to invest in new-product development so that 44 percent of its product range has been renewed over three years. It also is developing boat clubs in Europe, a leasing program in Europe and a Band of Boats platform.

“The group is on track to achieve its target to double multihull production capacity, with 50 percent already completed at the halfway point [2016-2020). Lastly, the group is continuing to organize production transfers between euro and dollar regions in order to limit currency effects,” the statement said.


Yanmar Names Power Solutions Division Manager

Carl J. Micu will oversee sales and the development of long-term growth plans.

Lippert Components Rebrands

The company’s core line of marine, RV and commercial products, including Lewmar and Taylor Made, will be branded as Lippert.

‘A Strong Finish to a Strong Year’

Booming demand for boats continued as the year ended, with the industry posting the highest number of sales since 2007.

Culture Summit 2.0

Correct Craft will gather “organizational culture drivers” for its second summit, which will take place virtually March 3.

Quick Hits: January 22, 2021

B.A.S.S. now taking noms for ‘21 Bassmaster High School All-American Fishing Team and Yacht Sentinel teams with Fountaine Pajot to equip its lineup with connected boat technology.

Teak Isle Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.