Groupe Beneteau reported that income from ordinary operations and net income in the first half of the year doubled compared with the first half of 2022. The company raised the ordinary operating margin forecast by 0.5%, and the boat division is continuing with its 2025 roadmap.
“Groupe Beneteau’s results for 2023, illustrated by the first half of this year, will benefit from the transformations rolled out over the last three years,” CEO Bruno Thivoyon said in a statement. “The positive response to our new models at the shows, supporting the group’s premiumization across all segments, and the improvement in our operational efficiency will further strengthen our positions for the coming years.”
In the statement, Thivoyon added that increased interest rates have caused a slowdown in small-boat purchases.
Boat division revenues for the first half of the year were $852.69 million (€812.9 million), a 48.3% increase compared with the first half of 2022. The division doubled its income from ordinary operations to $137.65 million (€131.2 million) for the first half of 2023 compared with $62.43 million (€59.5 million) in the same time frame in 2022.
