Skip to main content

Groupe Beneteau Reports Drop in Revenues

1_GroupeBeneteau_Gtrawler-62

Groupe Beneteau reported revenues of EUR264.6 million ($305.6 million) for its third quarter, down 11 percent compared with the same period a year prior. Boat sales dropped 13 percent to EUR250 million ($288.7 million).

2_GroupeBeneteau-Excess

However, for the 10-month period that ended Oct. 31, the builder is posting better results, reporting revenue from boat sales of EUR864.3 million ($988 million), up 3 percent from 2020. The company said in a statement that strong demand in its dayboat segments is driving the gains.

In addition, Groupe Beneteau reported boat sales of EUR81 million ($93.5 million) in October, an 87 percent gain.

3_GroupeBeneteau

The group said that it achieved these results despite a significant cyberattack earlier in the year and continued supply-chain disruptions, pointing to its “resilience and the ability of its teams to overcome major adverse events.”

With a high order book, Groupe Beneteau expects sales in its boating division to remain strong through the end of the year and is forecasting revenue growth of 6 percent for the segment.

Related

1_DEALER.OUTLOOK

Alleged Tournament Cheats Face Possible Legal Action

Approximately 8 pounds of lead was found stuffed inside fish entered into the contest by two men from Pennsylvania and an Ohio.

1_BOATHOUSE

The Boat House Group Announces Merger

The transaction will add two Wisconsin dealerships and several sales, storage and service locations to the group’s portfolio of properties.

1_GLBBS

GLBBS Breaks Ground on Tech Center

The Michigan-based marine trades school will commence construction of a 10,000-square-foot training facility in the second quarter of 2023.

1_AVIKUS

Avikus Debuts Autonomous Navigation

The company will demonstrate ‘Neuboat’, an autonomous phase-2 navigation solution for recreational boats at this year’s FLIBS.

1_IAN_ROUNDUP

Scope of Ian’s Devastation Emerges

Southwest Florida’s marine industry businesses are ensuring the welfare of their people well before the cleanup even begins.

1_MERCURY.MARINE

Mercury Marine Receives Environmental Award

The company was recognized in the large business sustainability category by Wisconsin Manufacturers and Commerce.