on BENETEAU (EPA:BEN)
Record annual results for Groupe Beneteau in 2023
Solid performance despite the impact of interest rates and optimistic projections for 2024
By Rémy EISENSTEIN - Groupe Beneteau announced record financial results for 2023, marking significant progress compared to the previous year. With a Current Operating Profit up 59% to reach €246M and a Net Profit amounting to €182M, the group demonstrates its resilience and its ability to generate growth in value despite a difficult context.
The turnover of the Boat division increased by 17.1%, reaching €1,465 million in 2023. This performance results from an upscaling strategy and a strengthening of deliveries in a context of post-Covid normalization of supply conditions. At the same time, the Housing division also experienced notable growth, with turnover up 24%, demonstrating the continued importance of the outdoor hospitality markets.
The group has been able to take advantage of sustainable innovation and the development of new services to strengthen its position. The announcement of an increased dividend for 2023, to €0.73 per share, underlines the group's confidence in its long-term development strategy and its financial solidity. Despite the challenges posed by rising interest rates, Beneteau plans to maintain an operating margin between 7% and 10% for 2024.