Covid-19 epidemic: update on March 30, 2020
As a result of the Covid-19 epidemic, Groupe Beneteau temporarily shut down its production activities in France and Italy on March 18, before extending these measures to include the United States and Slovenia last week. This measure will also be applied for Poland within the next few days.
The Group is already working on a plan for operations to gradually resume and this will be rolled out as soon as the health conditions allow it to do so. Only certain maintenance, finishing and shipping activities will be continuing at the Group’s plants, while its activities focused on releasing new models are being maintained with staff working remotely.
However, the temporary suspension of its production and shipping activities for several weeks will have an impact on its revenues and therefore its earnings, which means that the outlook announced on February 4, 2020 is no longer applicable.
Groupe Beneteau benefits from a robust financial position. At August 31, 2019, its financial year-end, the Group had 97 million euros of net cash and its credit lines are confirmed through to 2023.
Management & experts linked
Jérôme de Metz
Chairman and CEO
Jérôme de Metz is Chairman and CEO of Groupe Beneteau since June 2019.
Graduated of SKEMA Business School and a chartered accountant, he started in the auditing industry...
Bruno Thivoyon
Group Chief Financial Officer
Bruno Thivoyon is Group Chief Financial Officer since January 2020.
He began his career in 1998 with Valeo, after graduating in both industrial systems engineering and from...
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About Groupe Beneteau
Groupe Beneteau stands out in Europe and worldwide thanks to its longevity and its exceptionally diverse range of products.
Founded in 1884, the family-owned yard has evolved over time, from fishing vessels to leisure boating, then diversifying into new industrial sectors. The Group has developed unique skillsets and technical know-how. Today, through its Boat and Housing business lines, its activities are truly international.
As the boating industry's global market leader, Groupe Beneteau, through its Boat division’s 11 brands, offers some 180 recreational boat models serving its customers’ diverse navigational needs and uses, from sailing to motorboating, monohulls and catamarans.
Leading the European leisure homes market, the three brands from the Group's Housing division offer a comprehensive range of leisure homes, lodges and pods that combine eco-design with high standards of quality, comfort and practicality.
With its international industrial capabilities and global sales network, the Group employs nearly 7,500 people, primarily in France, the US, Poland, Italy and China.
