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Bénéteau — Earnings Release 2011
Jun 30, 2011
1145_iss_2011-06-30_397169db-48c7-4697-b506-0d4e92ae04ce.pdf
Earnings Release
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Nine-month sales up 19% Annual target confirmed for 2011
| €'000,000 | At May 31, 2011 |
At May 31, 2010 |
Change (%) | 2011 forecast |
At Aug 31, 2010 |
Change vs. 2010 (%) |
|---|---|---|---|---|---|---|
| Boats | 488.9 | 407.0 | + 20% | 690.0 | 573.5 | + 20% |
| Housing | 188.8 | 162.5 | + 16% | 230.0 | 205.7 | + 12% |
| Consolidated sales | 677.7 | 569.4 | + 19% | 920.0 | 779.2 | + 18% |
During the first nine months of FY 2010-11, sales climbed +19% in relation to the same period the previous year. This improvement took the Group's sales up to €677.7 million, with its two businesses contributing towards this performance:
- The boat business recorded €488.9 million in sales, up 20.1% over the first nine months. This growth is in line with the target for the year, and confirms the strong penetration achieved by the Group's brands across all market segments.
- The housing business posted €95.4 million in sales for the third quarter, an increase of 12%, with sales for the first nine months up 16.2% to €188.8 million. This rate of growth over nine months, stronger than expected for the whole year (+12%), reflects the desire among professionals to have new models to help ensure a positive welcome for their customers as of spring.
In light of sales generated during the period and the level of the order book, the BENETEAU Group is able to confirm its initial sales forecast of €920 million for the year, up 18%.
About the BENETEAU Group
As the world's number-one sailboat builder - both mono- and multi-hull - the BENETEAU Group has continued to develop its business on the powerboat market, and is now one of the leading players in Europe.
On both sail and powerboats, 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 powerboats over 15 meters with Prestige Yachts and Monte Carlo Yachts.
The Group is also a leading player on the European leisure home market and is developing its business on the market for high environmental performance residential housing. With the design and manufacturing of wooden-frame houses, it aims to make quality homes that are accessible in terms of their pricing and compliant with sustainable development standards.
www.beneteau-group.com
BENETEAU Group 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