Beneteau : H1 2024 results close to expectations
>H1 results close to expectations: Underlying operating profit of € 49.5m vs € 46.6m estimated - For H1 2024, the Bénéteau group reported results close to expectations (figures not including housing Habitat). Our takeaways are: 1/ A fall in EBITDA of 50.8% to € 77.7m which is in line with our estimates (€ 73.2m). 2/ A decline in operating profit of 62.3% to € 49.5m (€ 46.6m estimated) pointing to a deterioration in profitability of 720bp to 8.9%. This fall in underlyi...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.