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BENETEAU : 2013-14 third quarter revenues

July 10, 2014



PR Newswire/Les Echos/ Press release - July 10th, 2014 2013-14 third quarter revenues Business at end-May in line with full-year forecasts During the third quarter of 2013-14, the BÉnÉteau Group generated EUR308.4 million in revenues, up +1.7%. At constant exchange rates, business is up +2.9% like-for-like. Business for the third-quarter (March - May 2014) EUR'000,000 Q3 Q3 Change Change 2013-14 2012-13 Reported Like-for-like basis and at constant Boats 237,5 237,2 + 0,1% + 1,0% Housing 70,9 65,9 + 7,6% + 9,7% Consolidated revenues 308,4 303,1 + 1,7% + 2,9% For the first nine months of FY 2013-14, the BÉnÉteau Group's consolidated revenues came to EUR591.1 million (-1.1%). At constant exchange rates, and on a comparable basis (sale of Vacances Krusoe), business is stable at EUR595.6 million. Business for the first nine months (September 2013 - May 2014) EUR'000,000 9 months 9 months Change Change 2013-14 2012-13 Reported Like-for-like basis and at constant Boats 450,1 440,1 + 2,3% + 3,3% Housing 141,0 157.7 * -10,6% -9,5% Consolidated revenues 591,1 597,8 -1,1% 0,0% * Of which, EUR2 million for the Vacances Krusoe business sold with effect from September 1st, 2013North America confirms its strength for the Boat business The Boat branch generated EUR450.1 million in revenues over the first nine months of the year. At constant exchange rates, business is up 3.3% to EUR454.6 million at end-May 2014. This growth reflects the Group's continued dynamic development in the North America region, with business up 39% at end-May 2014. The general economic downturn affecting the South American and Asian markets continued during the third quarter, while the Group benefited from a slight increase in its business in Europe. 2014 forecasts confirmed with the Housing division's good level of third-quarter business For the first nine months of FY 2013-14, Housing division revenues came to EUR141 million (-10.6%), including EUR13.7 million for the residential housing branch. Like-for-like (excluding Vacances Krusoe), the contraction in business is limited to only 9.5%. Following a first half of the year marked by orders from tourism professionals being deferred, the expected catch-up effect in terms of invoicing for the Mobile Home business led to a 7.6% increase in revenues for the Housing division during the third quarter. Financial position The company's balance sheet position did not change significantly during the third quarter of 2014, with the exception of the usual seasonal trends for activities. Recent events After the quarter-end, the BÉnÉteau Group acquired RecBoats in the US on June 23rd, 2014. This company is specialized in designing, building and selling motorboats under four brands: Four Winns, Glastron, Wellcraft and Scarab. This latest major strategic step forward will enable the Group to accelerate its development on the market for motorboats under 12 meters in North America. Next date: - Full-year revenues in September 2014 About the BENETEAU Group The world's number one yacht builder - both mono and multi-hull - the Beneteau Group has continued to make progress on the motorboat market, and is now one of the world's leading players. On both sail and motorboats, the BENETEAU, JEANNEAU, LAGOON and PRESTIGE brands are able to offer more than 100 models ranging from 20 to 60 feet. The Group has one of the most prestigious names for the custom construction of luxury yachts: CNB. It is expanding its range in the segment for motorboats over 15 meters with Prestige Yachts and Monte Carlo Yachts. The Group is also a leading player on the European leisure home market, with its O'HARA and IRM brands, and is developing its business on the market for high environmental performance residential housing. With the design and production of wooden-frame houses, it aims to make quality homes that are affordable and in line with sustainable development standards. Breakdown of sales by business 2012-2013 Group sales: EUR815.4M Housing 23 % Motorboats 36% Sailboats 41% www.beneteau-group.com Press information: Image Sept - Claire Doligezcdoligez@image7.fr - Tel: +33 1 53 70 74 25 Shareholder contact: Yannick Coicaud-Thomas y.coicaud.thomas@beneteau-group.com 16 bd de la Mer - BP 319 - 85803 Saint Gilles Croix de Vie Cedex - France BENETEAU Group - press release - Q3 2014 revenues - July 10th, 2014 The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.




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Source: PR Newswire TOD Wire


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