Group Beneteau is on track to achieve record results in 2023, with the Group’s Boat Division expected to reach €1,450m in 2023 (+16% vs. 2022).
Like-for-like, the Group expects to record overall full-year consolidated revenues of more than €1,750m in 2023 (+16% vs. 2022).
The Group says support for new models at boat shows and improvement in operational efficiency will further strengthen its position for the coming years, however recent increases in interest rates is currently resulting in a wait-and-see approach to some buying decisions, particularly for small units.
“Thanks to the progress made with the various driving forces from our strategic plan, building on the work of the Group’s 8,000 employees, we are able to confirm our objectives for 2025,” confirms Bruno Thivoyon, Groupe Beneteau CEO.
The Group’s latest financial results show first-half revenues of €812.9m, up almost 50% compared to 2022.
Net income for the Group was €117.1m for the first half of 2023, more than double that of the same period in 2022, partly due to progress made to operational performance.
In addition, other activities including weekly charter activities are now back up to levels of business that are higher than the pre-Covid period, while financing activities are progressing after contracting in 2022.
The Group continues to transition to sustainable practices with a target reduction of 30% of
CO2 emissions by 2030 and a continued development of its B-Sustainable program.
The use of Elium recyclable resin (developed with Arkema) continues with the launch of a second model, the Sun Fast 30 OD, which has already recorded more than 40 orders.
The Group is also continuing to roll out its certification campaign with ISO14001 for environmental protection and ISO50001 for energy performance.
The Bordeaux industrial site, where catamarans over 50ft are built, has now joined the other French and Polish sites which have been certified in the last few years.
And the Group is continuing to offer alternative propulsion solutions adapted for each segment.