Beneteau : For 2024, we are maintaining a scenario based on lower volumes due to reduction in dealer inventories, TP at € 15.5 vs € 17
>We are adopting a more cautious scenario for Boat revenues in 2024 - Following contact with the group (IR) and the recent publication by an industry rival, we reviewed Bénéteau's growth prospects over the short and medium term. Our key takeaways are as follows: In the first nine months of the year, revenues rose by 30.2% to € 1,343.9m (of which +31.2% for Boats at € 1,105.1m) and over the full year Bénéteau should be able to deliver consolidated revenues (includ...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.