The boating group is recording a solid start to the year, driven by its new models and a delivery shift effect. Visibility is, however, conditioned by the evolution of the situation in the Middle East.
The Beneteau Group reports revenue of 169.5 million euros, up 30.1% in published data and 34.5% at constant exchange rates. The consensus was a bit more optimistic and expected 187 million euros.
Specifically, at constant exchange rates, the Sail activity increased by 18.6% driven by the success of models launched in 2025 and the recovery of sales to professional renters, up by 22%. The Engine activity shows particularly strong growth of 45.2%.
By geographical zone, North and Central America recorded a strong increase of 110.3% ahead of Europe (16%) while activity declined by 46.3% in “Other regions”.
“The current level of the order book remains strong, which allows us to maintain the outlook for the year, subject to an improvement in the geopolitical situation by the end of this first semester,” commented Bruno Thivoyon, President of the Executive Board.
In terms of outlook, Beneteau confirms its objectives of “significant sales growth throughout the year.” However, this guidance is conditioned on an improvement in the situation in the Middle East, as the group has observed a marked slowdown in order intake since March.
The order book deliverable for the year remains solid, up by nearly 10% at constant exchange rates as of the end of April.
