Catana Group - Towards further growth next year after new records in 2022/23
Q4 was better than expected, up 55%, enabling the Group to pass the symbolic €200 million mark for annual revenues in 2022/23.The Group expects to generate a further 10% growth in revenues next year, without overextending its production capacity to maintain visibility beyond that point.Focus on costs combined with improved supply chain should benefit marginsThe Group is trading at a discount of almost 50% to its historical average (2019-2022), despite having almost tripled in size, quintupled its earnings and multiplied its net cash by 10x...BUY opinion confirmed on the Group, which offers a "gift" valuationCatana 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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