Beneteau - Guidance raised again after an excellent Q2
Another very dynamic Q2, above our expectations Revenues guidance cautiously maintained, but profitability expectations revised upwards thanks to better-than-expected inflation balance Supply chain easing continuesUnsurprising slowdown in demand for entry-level products, but order backlog remains high BUY opinion confirmedBeneteau designs, manufactures and sells yachts and powerboats through an international network of dealers. Co. also designs, manufactures and sells mobile homes. Its operations can be divided into two segments: The Boats segment and the Leisure Homes segment. The Boats segment groups together the activities for manufacturing and marketing boats with a customer base made up of dealers; The Leisure Homes segment groups together the activities for manufacturing and marketing mobile homes with a customer base made up of campsites and wholesalers, and the the activities for manufacturing and marketing wood-frame houses. Some of Co.'s brands are Beneteau, Jeanneau, CNB, IRM and O'Hara.
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