Earnings Release • Jun 30, 2009
Earnings Release
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| Q3 sales | 9 month sales: Sep 1 to May 31 | |||||
|---|---|---|---|---|---|---|
| €'000,000 IFRS |
2008-09 | 2007-08 | Change % |
2008-09 actual |
2007-08 actual |
Change % |
| Boats | 198.4 | 304.3 | -34.8% | 371.8 | 628.0 | - 40,8 % |
| Mobile homes | 73.9 | 78.4 | -5.7% | 138.9 | 171.9 | - 19,2 % |
| Other business (1) | NS | - | 30.3 | NS | ||
| Consolidated sales | 272.3 | 382.7 | -28.8% | 510.7 | 830.2 | - 38,5 % |
| Like-for-like consolidated sales (2) | 272.3 | 380.2 | -28.4% | 510.7 | 795.6 | - 35,8 % |
(1) Microcar deconsolidated at March 1st, 2008
(2) Excluding Microcar and Wauquiez
Sales for the third quarter – traditionally the year's highest – are down -28.4%, compared with - 42.6% for the first half of the year like-for-like. This improvement reflects sales generated by the Bénéteau Group during the first nine months of FY 2008-09, coming in at €510.7 million, down 38.5% (-35.8% like-for-like) (2).
In light of sales generated during the period and the current level of the order book, the Bénéteau Group is able to confirm its initial sales forecast of €646 million for the year, down 39% like-for-like.
Without factoring in an upturn on the pleasure cruising markets for next season, the Bénéteau Group expects its boat business to grow over the 2010 season. This forecast is based on:
Furthermore, the Group's workforce and organization have been adapted in line with the decline seen on the markets during the 2008-09 season.
For its part, the home business is expected to see growth thanks to the contribution by the residential home segment. Indeed, this business will start generating sales in FY 2009-10, with the Chaize-le-Vicomte (85) site starting production.
In addition to being the world's number-one sailboat builder, the Bénéteau Group is one of Europe's leading players on the powerboat market.
It is also a major player on the European leisure home market and is developing its business on the residential market for wooden frame houses in line with sustainable development standards.
Bénéteau Groupe press information: Bérengère Corbel [email protected] Tel: +33 6 72 56 25 69 +33 2 51 26 21 28 Fax: +33 2 51 26 88 55 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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