Beneteau : 2024 to see major effects of distributor inventories, but a normalisation expected for 2025
>Q4 2023 sales topped expectations: € 440.6m vs € 408m estimated - For its Q4, Bénéteau reported sales of € 440.6m, above forecast (we had retained € 408m, a gap of +8%). For the full year, sales came to € 1,784.5m, in line with management’s forecasts (sales >€ 1,750m, we had retained € 1,752m and the consensus € 1,769m). By business division, boats were up 17.1% in 2023 (+16% forecast) driven by momentum in sailboats (+30.9%, 46% of boat sales) and notably catamaran...Beneteau 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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.