Covid-19 epidemic: update on March 30, 2020

Saint-Gilles-Croix-de-Vie, France, 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an impact on its revenues and therefore its earnings, which means that the outlook announced on February 4, 2020 is no longer applicable.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.

About Groupe Beneteau

Founded in Vendée 140 years ago by Benjamin Bénéteau, Groupe Beneteau is today a world leader in the boating industry. With an international industrial presence spanning 16 production sites and a worldwide commercial network, the Group generated revenue of €1 billion in 2024 and has a workforce of more than 6500 employees mainly in France, United States, Poland, Italy, Portugal, and Tunisia.

True to its mission – Bringing dreams to water – Groupe Beneteau designs and builds boats and services to make every experience on the water truly unique. Through its nine brands, its Boat division offers more than 135 boat models craft to meet the diverse needs and sailing projects of its customers, whether sailing or motoring, monohull or catamaran . Through its Boating Solutions division, the Groupe Beneteau is also involved in services covering daily or weekly boat hire, marinas, the digital sector and financing.