Please select your home edition
North Sails 2021 Innovation - LEADERBOARD

2019-20 16-month revenues

by Groupé Beneteau 26 Feb 2021 02:02 PST
Production activities gradually starting up again © Groupé Beneteau

2019-20 revenues: better end to the year than forecast thanks in particular to strong demand for outboard boats in line with current boating trends.

Revenues (16 months): €1,344.4m, -15.1% based on reported data
Revenues (4 months 2020)* €195.3m, -21.2% based on reported data

*from September 1 to December 31, 2020

In a market context faced with a major shift in demand due to the effects of the health crisis, Groupe Beneteau closed out FY 2019-20 (16-month transition year ended December 31, 2020) with revenues of €1,344.4m, down 15.1% based on reported data (-15% at constant exchange rates) compared with the pro-forma 16-month period from September 1, 2018 to December 31, 2019 (1).

Revenues for the last four months (September-December 2020) came to €195.3m, down 21.2% based on reported data (-19% at constant exchange rates) compared with the last four months of 2019. This contraction, which was less than expected, reflects the weak level of both sales to charter operators and leisure home sales, partially offset by the upturn in the outboard segment.

(1)12-month revenues (September 1, 2019 to August 31, 2020) were reported with the interim financials at August 31, 2020 published on October 27, 2020.

Boat Division: strong desire to be on the water despite the health constraints

Following a summer that saw strong levels of interest in dayboating and sales of small motorboats, with the cancellation of virtually all the autumn-winter shows around the world, all of the Groupe Beneteau brands and their dealer networks had to quickly adapt and offer new formats for discovering, testing and marketing boats. A number of local private events, exclusive days and other digital initiatives and virtual shows have therefore continued to be organized around the world.

Since the autumn, the successive waves of the epidemic in Europe and North America have led to new travel restrictions, significantly longer transport times (particularly air) and the closure of many watersports centers in the Caribbean, affecting the winter season for charter professionals. In this context, during these four months, Groupe Beneteau continued to benefit from its multi-specialist positioning, enabling it to strongly mitigate the consequences of the contration in fleet sales (-70.9% at constant exchange rates, after +80.6% for the last four months of 2019) through good growth for motorboats, with sales climbing +13.6% at constant exchange rates, driven primarily by demand for outboard boats.

Boat sales in Europe and North America are therefore up 10.2% and 6% respectively at constant exchange rates, while other regions around the world are stable. The American brands achieved a good performance on this dayboating segment in North America. As a result, the Boat business contracted by just 15.2% based on reported data during the last four months (-12.7% at constant exchange rates).

For the whole of the 2019-20 financial year (16 months), the motorboat segment grew to represent 52.6% of Boat revenues, compared with 47.4% for the sailing segment.

Housing Division: significant contraction in sales with client investments deferred

Affected by the lockdown in spring last year, and the effects of the health crisis throughout the 2020 season, many camping companies in France chose to defer their leisure home investments by one season. During the last four months of 2020, Housing sales dropped significantly on the French market (52.9%) and for export (-45.3%).

Housing revenues for FY 2019-20 (16 months) totaled €193.3m, down 17% compared with the previous 16-month period.

On March 17, Groupe Beneteau will be reporting its results for FY 2019-20 (16 months) and its outlook for FY 2021 (January 1 to December 31).

Related Articles

Groupe Beneteau & Vision Marine launch partnership
To develop and market 100% electric outboard-equipped powerboats Groupe Beneteau launches a partnership with Vision Marine Technologies to develop and market 100% electric outboard-equipped powerboats. Posted on 18 Jul
Groupe Beneteau Q1 business and outlook for 2022
Boat and leisure home markets performing well Groupe Beneteau recorded strong demand across both of its markets, with 2022 first-quarter revenues of €317m, up 10.6% based on reported data (+8.9% at constant exchange rates). Posted on 12 May
Groupe Beneteau 2021 Earnings: Strong growth
Income from ordinary operations higher than the pre-Covid level from 2019 2021 earnings: strong growth in revenues, income from ordinary operations and cash. Trend for robust growth expected to continue in 2022. Posted on 18 Mar
Groupe Beneteau acquires Starfisher shipyard
Strengthening its production capacity with the Portuguese shipyard Groupe Beneteau has announced the acquisition of STARFISHER, which has become GB PORTUGAL, thereby strengthening its production capacity for 25 to 35-foot powerboats by establishing itself in Portugal. Posted on 21 Oct 2021
Horizon 2021 for Groupe Beneteau Powerboats
SeanApps connected boat solution revealed, going electric, and new mono and multihull models! On the top of the innovations and game-changing solutions introduced during the presentation, Gianguido Girotti, Deputy CEO in charge of the Brand & Product Strategy, revealed the SeanApps connected boat solution. Posted on 11 Sep 2021
Sailing Horizon for Groupe Beneteau
SEANAPPS connected boat solution revealed, and going electric... Groupe Beneteau charters its course to develop new boating experiences. In Cannes, Groupe Beneteau dedicated a unique gathering night with its international community to announce major transformations in a world in constant evolution. Posted on 11 Sep 2021
Groupe Beneteau: 2021 guidance upwards
Acceleration of order book growth to €1,800m (+55%) at end-June Thanks to the positive trends for the boat and outdoor accommodation markets, and the performance of its two divisions, Groupe Beneteau is once again raising its full-year revenue and income from ordinary operations guidance for 2021. Posted on 29 Jul 2021
Martin Schemkes takes the helm of DELPHIA brand
Appointment announced today by Groupe Beneteau Groupe Beneteau is announcing today that Martin Schemkes has been appointed Brand Director of DELPHIA. Posted on 30 Mar 2021
2019-20 earnings and FY 2021 growth forecast
Groupé Beneteau operating income resilient and significant improvement in cash position Following a year marked by the consequences of the Covid-19 pandemic in 2020, Groupe Beneteau is moving forward in 2021 with a robust financial position and is seeing the first benefits of the Let's Go Beyond! plan's rollout. Posted on 18 Mar 2021
Production activities gradually starting up again
After the cyberattack on Groupe Beneteau on February 19 One week after the cyberattack on Groupe Beneteau on February 19, the joint efforts by its in-house teams and external IT experts make it possible to envisage gradually starting up production activities again at certain plants from Friday February 26. Posted on 26 Feb 2021
Sea Sure 2021 - Blakes Toilets - FOOTERSelden 2020 - FOOTERMarine Resources 2022 Salary Survey FOOTER