News Home Video Gallery Newsletters Photo Gallery Cruising Int
Sail-World.com : Beneteau in financial loss, but things are looking up
Beneteau in financial loss, but things are looking up


'Cruising start - Beneteau Cup and French Yacht Challenge 2013'    Troy Cassidy / Elements Imaging    Click Here to view large photo

When the Beneteau Group records a financial loss for the year, you know things have been tight for the year. Arguably the best known and most successful boat building in the world has reported an operating loss of -€1.3m in the Boat division for the year ended August 31, 2013.

However this was a much better figure than initially forecast and it's certainly not all bad news, with the 2014 season expected to mark the global boat market's first growth in five years, of around 3-5 percent.


The French sail and motorboat builder has released details on earnings for its 2012/13 financial year.

Sales in the Boat division were up by 2.4 per cent to €624.4m for the full year ended August 31, 2013, compared to fiscal 2012. Operating income came to -€1.3m versus an initial forecast of -€5.5m, thanks to business exceeding the targets set and a positive trend for margins on direct costs.

Beneteau balances its boat division with housing activities. Total group sales were down 12.4 per cent to €815.4m. In the Housing division, sales were down by 13.7 per cent to €191m. Nevertheless, operating income from housing was also better than expected, reaching €2.3m compared with an initial forecast of -€2.0m.

Benteau's leisure home business generated nearly €7m in operating income, two times more than the figure forecast for the year, thanks to the doubling of international sales and the group’s rapid adaptation faced with a significant contraction on the domestic market. Operational losses in the residential housing business came in at -€4.6m compared with an initial forecast of -€5.5m.

In total, the Beneteau Group recorded €1m in operating income, better than the expected operational loss of -€7.5m, reflecting the upturn in earnings on boat boats and housing. After factoring in a financial balance of -€2.6m, a -€0.6m tax expense and a €2.6m share in earnings from associates, the group recorded €0.7m in net income for the year.

'The performances achieved in the 2013 season and the long-term trends for the markets represent positive factors for the 2014 season,' says Beneteau in a statement. 'In North America, the first tentative trends seen in 2013 are encouraging and are being confirmed at the start of this 2014 season.

'Emerging countries in Asia and South America are markets where customers are buying new boats for the first time, benefiting from structural growth, even if the levels of progress on the markets vary depending on the economic environment.

'Caution is still needed in Europe, where markets are rising in certain countries, but falling in others. In view of these varied trends, the European region overall is expected to be stable at best in the 2014 season.'


by Beneteau Group/Des Ryan

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=116549

9:54 PM Sun 10 Nov 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







Cruising USA















A case of crossed wires? A shocking situation! by Stuart Carruthers, RYA Cruising Manager,










Canal Boating in the Alsace with the Galley Guys by Greg Nicoll with John Armstrong,


World ARC fleet arrives in Darwin by World Cruising Club,






Where in the world are our strongest corals? by Hanny Rivera - Cohen's Lab,








Barnacle Busting by Neil and Ley Langford,


From Penguins to Polar Bears by Cherie Winner,




Polar research: Six priorities for Antarctic science by Mahlon C. Kennicutt II and colleagues,




NCI granted dedicated VHF Channel by National Coastwatch,


Positive news for cruising boats in Greece by The Cruising Association,














Blue Planet Odyssey - Beset in Arctic Bay ice + Video
Garcia Yachts Exploration 45 - Jimmy Cornell's newest adventure
Sustainable Seafood - How to purchase with confidence
Risks to penguin populations continues
ARC Baltic fleet head from Helsinki to Stockholm
Follow these tips when anchoring
Galley Guys meet the Spice Lady
North American Rally to the Caribbean - Get prepared to head south
If all else fails read the instructions!!
ARC Baltic fleet cruising and anchoring in the Finnish archipelago
Phuket Yacht Show: new kid on the block taking on PIMEX? *Feature
Vanuatu Customs making life easier for visiting cruising yachts
Baltic 4 Nations rally is now in full swing
Tropical Storm Bertha expected to become a typhoon
Flags at Sea, an infographic by John Tissott
Cruising lessons from ocean racers
Procedures set out for waterborne visitors to Vanuatu
17-year-old RNLI volunteer saves child in first rescue mission + Video
Teen names latest RNLI Shannon class lifeboat in Poole + Video
Fascinating opportunity with OceansWatch
Fake GPS signals detected when cruising the high seas   
Our new Cruising Editor editor remembers his first offshore adventure   
Blue Planet Odyssey - Jimmy Cornell playing catch up on North West Pa   
World ARC 2014 reaches Australia   
Venezuelan Port Control lift recent port restrictions.   
Seismic survey ship operating north of Aruba and Curacao   
Predictwind helps you pick the best time to depart   
Watch this whale lift a Kayak clear out of the water   
World ARC reaches half-way point in Australia   
Northern Scotland: Voyage to Orkney and Shetland Isles (Part 2) *Feature   
Drowning or electric shock? What you need to know to help save a life   
Costa Concordia - the $2.25 billion salvage operation ready to begin   
Northern Scotland: Voyage to Orkney and Shetland Isles, more photos *Feature   
Fort Lauderdale International Boat Show - New location and attractions   
Long Island waters could become more taxing this summer   
4.8 million Legos all at sea   
Tranquil, colourful and funky, Genoa Bay is a must stop for West Coast *Feature   
Scientist pioneered tracer to reveal hidden ocean flows   
Sail-World 2.0 - the Beta version- Please take a look   
Dredging activity near corals can increase frequency of diseases   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS Cru USA
LocalAds   DE  ES  FR  IT