+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
| |Actual | |Initial forecast | |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
|E'000,000 | Sales |Income from ordinary operations | Sales |Income from ordinary operations |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
|Boats | 494.3 | -3.3 | 473 | -14 |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
|Mobile homes | 164.9 | 15.0 | 173 | 15 |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
|Development activities (1) | | -3.0 | | -5 |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
|TOTAL | 659.2 | 8.7 | 646 | -4 |
+---------------------------+-------+--------------------------------+-----------------+--------------------------------+
(1) Residential housing and power yachts
Income from ordinary operations for the 2009 season totaled E8.7 million, compared with initial forecasts for a loss of E4 million. The turnaround in earnings reflects the positive impact of the decisions implemented during the season.
- The boat business has benefited from the first cost reductions due to the adaptation plan, with sales coming in slightly higher thanks to the diversity of its brands, the close ties maintained with their customers and the extension of its powerboat range from 9 to 15 meters.
- The mobile home business, despite sales contracting by more than forecast, has achieved the level of profitability targeted thanks to the rapid development of synergies between O'Hara and IRM.
- Lastly, the new development activities on large powerboats and residential housing have grown at the rate forecast, with lower costs than predicted.
The Group's net income came to -E10.4 million, reflecting:
- A E25 million expense linked to the plan to adapt the boat business
- A E3.1 million financial loss, primarily due to foreign exchange losses
- E7.3 million in income relative to corporate income tax
- E1.7 million in positive earnings from the financial company, consolidated on an equity basis.
Net cash totaled E114.2 million, with E64.2 million in treasury stock.
FY 2009-10: ambitious objectives maintained
+---------------------------+-------+------------+-----------+
| E'000,000 |Sales | | |
+---------------------------+-------+------------+-----------+
| | 2009 |2010 target |Change (%) |
+---------------------------+-------+------------+-----------+
| |actual | | |
+---------------------------+-------+------------+-----------+
|Boats | 494.3 | 568 | +15% |
+---------------------------+-------+------------+-----------+
|Mobile homes | 164.9 | 178 | +8% |
+---------------------------+-------+------------+-----------+
|Development activities (1) | | 25 | NC |
+---------------------------+-------+------------+-----------+
|TOTAL | 659.2 | 771 | +17% |
+---------------------------+-------+------------+-----------+
(1) Residential housing and power yachts
An analysis of the results from the autumn shows confirms the assumption for a market trend between stability and recovery during the 2010 season. If this scenario is confirmed in the winter shows, the Group could achieve its ambition for growth outpacing the market, with an expected increase of around 15%. This result will be achieved thanks to the reduction in network stocks carried out last year, as well as an exceptional range of new models.
On the mobile home business, this year's good summer season is reflected in an increase in the level of orders from campsite owners, with growth expected to reach 8% as initially forecast.
The other activities, which are currently starting up, are clearly in line with the E25 million in potential sales mapped out to begin with.
Breakdown of sales by business
Group sales for FY 2008-09: E659.2 M
Powerboats : 27%
Sailboats : 48%
Housing : 25%
About the Bénéteau Group
The world's number-one sailboat builder, the Bénéteau Group is continuing to develop its business on the powerboat market, and is one of the leading players in Europe.
On both sail and powerboats, the Bénéteau, Jeanneau, Lagoon and Prestige brands offer more than 100 models ranging from 20 to 60 feet. The Group has one of the most prestigious signatures for the custom construction of high-end yachts: CNB. It is extending its range on the segment for powerboats over 15 meters with Prestige Yachts and Monte Carlo Yachts.
The Group is also a leading player on the European leisure home market and is developing its business on the market for high environmental performance residential housing. With the design and manufacturing of wooden frame houses, it aims to make quality homes that are accessible in terms of their pricing and compliant with sustainable development standards.
www.beneteau-group.com
Information presse groupe Bénéteau :
Bérengère Corbel b.corbel@beneteau-group.com
Tél : 06 72 56 25 69 02 51 26 21 28 Fax : 02 51 26 88 55
Contact actionnaires :
Yannick Coicaud-Thomas y.coicaud.thomas@beneteau-group.com
16 bd de la Mer - BP 319 85803 Saint Gilles Croix de Vie Cedex
Copyright Hugin
The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2009/160019_88_9071_comresults2009V4gb.pdf
Information réglementée :
Type : Nouvelle information
Thème(s):
Communiqués au titre de l'obligation d'information permanente - Communiqué sur comptes, résultats, chiffres d'affaires
This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
[CN#160019]
