Report
Christophe Chaput

Bénéteau : Excellents résultats 2023 mais 2024 subira des effets de stocks au sein de la distribution

>Un excellent ROC 2023 : 246.1 M€ (MOP 13.8%) vs 223 M€ estimés - Au titre de son exercice 2023, le groupe Bénéteau publie des résultats globalement supérieurs aux attentes. Ceux-ci se caractérisent par : 1/ une progression de l’EBITDA de 33.6% à 306.3 M€ (intégrant le pôle Habitat) soit un niveau légèrement supérieur à nos estimations (297 M€ ; écart +3.1%) laissant apparaitre une marge en amélioration de 200 pb à 17.2% ; 2/ la MOP s’apprécie, elle, de 350 pb et atte...
Underlying
Beneteau SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Christophe Chaput

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