Bénéteau Group confirms 2010-11 growth forecast

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Bénéteau Group confirms 2010-11 growth forecast

French boatbuilding giant hits growth targets after strong December

The Bénéteau Group has confirmed its target for 18 per cent sales growth in view of orders at the end of December.

Orders in its boat business at the end of December represented almost 70 per cent of the expected level of sales for the full year. This performance is in line with forecasts for this activity to grow by 20 per cent over the current season.

First quarter boat sales for the first quarter of 2011 were up 16.7 per cent to €79.8m from €68.4m.

The Group’s housing business also posted positive sales, enabling the business to achieve €920m in consolidated sales for the current season, compared with €779m last year, up 18 per cent.

Michael James
Michael James
Michael James has been with Murray Yacht Sales since 1995 and is in the the New Orleans office.

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