Earnings Release • Mar 26, 2013
Earnings Release
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| €'000,000 | 2012-13 first half |
2011-12 first half |
Change | 2012-13 forecasts |
|---|---|---|---|---|
| Boats | 202.9 | 189.8 | + 6.9% | + 1.3% |
| Housing | 91.8 | 99.2 | -7.4% | -13.2% |
| Consolidated sales | 294.7 | 289.0 | + 2.0% | - 2.5% |
| €'000,000 | Dec 12 - Feb 13 | Dec 11- Feb 12 | Change |
|---|---|---|---|
| Boats | 128.7 | 120.3 | + 7.0% |
| Housing | 69.8 | 73.5 | -5.0% |
| Consolidated sales | 198.5 | 193.8 | + 2.4% |
Consolidated sales climbed 2% to €294.7 million for the first half of 2012-13, driven by export sales across both business lines. The Group is actively moving forward with its strategy for international growth to respond to market developments, compensating for the weak general environment affecting the French market.
In the Boat sector, sales came to €202.9 million for the first half of 2012-13, up 7%. The Group is benefiting from the expansion of its product offering (range of motorboats, larger boats) and its international deployment in growing regions. In this way, business outside of Europe increased by around 30% during the first half of 2012-13. This performance is expected to be confirmed at April's boat shows in China (Hainan) and Brazil (Rio de Janeiro).
In Europe, as expected, the boat market looks set to contract by around 10 to 15% globally, with differences from one country to another.
The Housing business recorded €91.8 million in sales during the first half of 2012-13, coming in 7.4% lower than the first half of the previous year.
In the Leisure Homes sector, export sales have been buoyant, up to €8.5 million for the first half of 2012-13 from €2.6 million for the same period in 2011-12, while the lack of visibility is still delaying investment decisions by certain tourism professionals in France, which is expected to have a more marked impact on business during the second half of the year.
The Residential Housing business (high energy performance wooden-frame homes) generated €12 million in sales for the first half of 2012-13, in line with its development plan.
In view of the first-half performances and the general economic environment, the Group is able to confirm the business forecasts announced in January 2013 for the full year.
As the world's number one yacht builder - both mono and multihull - the Beneteau Group has continued to make progress on the motorboat market, and is now one of the world's leading players.
On both sail and motorboats, the Beneteau, Jeanneau, Lagoon and Prestige brands are able to offer more than 100 models ranging from 20 to 60 feet. The Group has one of the most prestigious names for the custom construction of luxury yachts: CNB. It is expanding its range in the segment for motorboats over 15 meters with Prestige Yachts and Monte Carlo Yachts.
The Group is also a leading player on the European leisure home market, with its O'HARA and IRM brands, and is developing its business on the market for high environmental performance residential housing. With the design and manufacturing of woodenframe houses, it aims to make quality homes that are affordable and compliant with sustainable development standards.
Press information: Image Sept – Claire Doligez [email protected] - Tel: +33 1 53 70 74 25 Shareholder contact: Yannick Coicaud-Thomas [email protected] 16 bd de la Mer - BP 319 85803 Saint Gilles Croix de Vie Cedex - France
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