Catana Group - More cautious approach after doubling in size in 2 years
2022/23 results up but below our expectations, due to a sharper EBIT Margin contraction than we had anticipatedThe Group has doubled its sales and earnings in 2 years. Margin leverage was a little disappointing, but the enormous growth and inflation were a real challenge to overcome.Next year should be another year of growth, perhaps even in double digits, and results should perform better as production becomes more efficient.The catamaran market remains the most dynamic in the yachting sector, and the Group is preparing to enter the motorboat segment to further develop its range and market share.Growth rates over the pastCatana 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.
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