Earnings Release • Jan 10, 2013
Earnings Release
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| €'000,000 | Sep-Nov 2012 | Sep-Nov 2011 | Change |
|---|---|---|---|
| Boats | 74.2 | 69.5 | + 6.8% |
| Housing | 22.0 | 25.7 | -14.4% |
| Consolidated sales | 96.2 | 95.2 | + 1.0% |
Sales for the first three months of FY 2012-13 came in 1% higher than the first quarter of 2011-12. The first quarter traditionally represents 10 to 15% of full-year sales and is therefore not particularly significant in terms of the Group's business over the whole year.
In the Boat business, the Group is moving forward with the development of its product offering, investing in innovation and further strengthening its ranges. This dynamic approach has enabled the brands to present around 20 new models, which have been well received at the various international boat shows. In this way, the Bénéteau Group has capitalized on its global positioning to achieve satisfactory results at recent shows for Lagoon, Prestige, CNB and Monte Carlo Yachts, while recording a strong level of interest in Beneteau's Oceanis 55 and Sense 55, as well as the NC14 and the new Voyage range from Jeanneau in particular.
The Leisure Home business has been faced with a deterioration in the French economic environment over the past few months, which is delaying the investment decisions by certain tourism professionals for 2013. In addition, business for the first quarter of 2012-13 is compared with a first quarter of 2011-12 that was very dynamic in terms of new orders. The Residential Housing business (high energy performance wooden-frame homes) generated €4.4 million in sales this quarter, up 13%, benefiting from the contribution made by projects launched during the previous financial year.
Since the end of FY 2011-12, the company's financial situation has not changed significantly, except for the usual seasonal trends for activities, and continues to be characterized by a sound financial structure.
For the Boat business, the trends set at recent boat shows confirm that a balance is expected to be reached for the 2013 season between the various regions that are growing and a European region that is more mixed. While caution is still needed in the short term, particularly for the French market, other markets in Europe that have seen significant declines are expected to stabilize or grow as the season progresses. Alongside this, growth is continuing in the emerging regions, in South America and Asia. Following some very satisfactory shows, North America is proving to be dynamic in certain areas, which the Group is capitalizing on, particularly with its motorboat range.
Despite the strong growth expected for exports, the overall performance levels for Leisure Homes are dependent on the decisions to be taken by campsite owners, who are still indecisive, to place orders within the next few weeks in France.
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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