Catana Group - Lower-than-expected H1 results do not call into question the quality of the stock
Results below our expectations, mainly due to engine shortagesEarnings up in spite of everything, and expected to catch up in H2 thanks to supply chain improvementsDouble-digit growth largely confirmed for this year and nextMultiples still low given 18-month visibilityCatana Group SA. Catana Group SA, formerly Poncin Yachts SA is a France-based company engaged in the construction and sale of sail and leisure boats. The Company also provides services, including maintenance of boats, sails and engines, garage rental and port security services. The Company offers four lines of boats, Catana, Harmony, White Shark and Sea Hawk. It operates two production sites, located in Canet en Roussillon and in Marans. Poncin Yachts SA also provides a yacht brokerage service that sells new and second-hand boats.
We are an investment house with Belgian roots founded on more than 150 years of trust.
As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.
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