French boatbuilding giant the Bénéteau Group has reported sales growth of 16.0 per cent for its boating business in 2009/2010, as income from boats climbs by over 700 per cent compared to 2008/2009.
Bénéteau’s boat sales amounted to €573.5m for the year ending August 31, 2010 compared to €494.3m the year previous. Income from ordinary operations grew to €32.5m from a loss of €5.3m the year before. The operating margin in 2009/2010 was 5.7 per cent compared to the 3.4 per cent forecast.
The group says that the significant improvement in profitability reflects the success of new models and has been achieved following €3m of investment in the launch of Bénéteau’s large motoryacht business.
Bénéteau also improved its net cash position to €207.1m, up from €114.2m at the end of August 2009.
The group confirms its ability to achieve sales growth of 20 per cent in 2011. Bénéteau achieved positive results at the autumn boat shows, but says the full extent of the upturn will be gauged after the winter shows.
Bénéteau, Jeanneau, Lagoon, Prestige, CNB and Monte Carlo Yachts are all Bénéteau Group brands. Sailboats represent 44 per cent of Bénéteau’s sales, motorboats 30 per cent and leisure housing 26 per cent.
(5 November 2010)