Beneteau releases Q1 results and 2022 outlook

Groupe Beneteau has released its Q1 results, with boat and leisure home markets performing well and its global order book* at end-March up 47 per cent from March 2021.

During the company’s first quarter of 2022 (January to March), Groupe Beneteau recorded strong demand across both of its markets, with 2022 first-quarter revenues of €317m, up 10.6 per cent based on reported data (+8.9 per cent at constant exchange rates).

Groupe Beneteau‘s boat division’s revenues climbed +7.5 per cent, with stronger growth for motorboats and the dayboating segment in particular. This trend was very strong in North America, where growth reached 19.9 per cent at constant exchange rates, as well as the rest of the world region (+61 per cent). Alongside this, fleet sales began picking up again (+2.8 per cent).

Outlook for 2022

The company reports that: ‘While marked by the quality of the orders received and the commercial success achieved by the products, 2022 has also seen supply chain disruption, which has held back growth. All of the group’s plants and teams are continuing to respond to this situation and adapt.’

Groupe Beneteau is therefore maintaining its full-year guidance for revenues and income from ordinary operations in 2022 as announced on 17 March (11 per cent to 14 per cent revenue growth expected based on reported data, income from ordinary operations expected to reach €110m to €120m).

In April, MIN reported on some management changes as Groupe Benteau’s CEO stepped down.

Q1 launches

According to the group, in the premium dayboating segment the new Jeanneau DB/43 (pictured top) received a particularly enthusiastic response during its world premiere on the Côte d’Azur in France at the end of March. On the real estate on the water market, Prestige launched the M48, its first power catamaran from the M-Line range, while the first electric Delphia D11 models received a very positive response when they were unveiled on the canals in the Netherlands.

In the monohull sailing segment, Beneteau unveiled the new First 36, a series-production boat with full-cruising capabilities and competitive pricing. At the International Multihull Show in La Grande-Motte, the Lagoon 51 received a very favorable response for its world premiere.

The combined general shareholders’ meeting will be held on 17 June 2022.

Groupe Beneteau will report its:

• 2022 first-half revenues on 28 July (after market close)
• 2022 half-year earnings on 28 September (after market close)

* Invoiced since the start of the year and to be delivered in FY 2022 and beyond