For the Capital Market Day held in Bordeaux on June 7, 2017, Groupe Beneteau is detailing all the performance improvement and transformation measures being rolled out in connection with the “Transform to Perform 2017-2020” plan for the Boat business and updating its forecasts for the Group looking ahead to 2020.

Groupe Beneteau announces it will double its operating margin by 2020.

The following key areas for improvement concerning the Boat business are covered in specific presentations by the operational directors*:

Product focus on the multihull segment
Regional focus on North America
Focus on product development
Focus on improving industrial performance

This global plan will make it possible to secure sustainable and profitable growth for the Group’s Boat and Housing Divisions.

 

AT AUG 31, 2016

APRIL 2017 GUIDANCE

2020 TARGET

Revenues

€1.1 bn

+10%

revenue growth

€1.4 bn

6% AAGR (vs 2016)

Income from ordinary operations

€43.6 M

€63 to 68 M

€115 M

% income from ordinary operations

4.0%

 

8 to 8.5%

Investments

€68 M

Around +30%

75 M / year

Free cash-flow

€70 M

€200 to 250 M for 2017/2020

Net earnings

per share

€0.30 / share

> 3 X – higher than €1.00 / share

 

* The Capital Market Day presentations are available on the Groupe Beneteau website.

The Boat Division is expected to achieve an average annual growth rate of 6.2% for its revenues for 2016-2020 thanks to its dynamic commercial development, outpacing the market, supported by its continued development in international markets and the ramping up of its development of the range of products and services offered.

Looking ahead to 2020, the Group expects income from ordinary operations to represent between 8% and 8.5% of revenues.

Growth in the margin over the period will be supported by four clearly identified drivers:

  • Improving efficiency
  • Optimizing industrial capabilities
  • Optimizing sales and support costs
  • Improving the product mix

 

 

AT AUG 31, 2016

2020 TARGET

Revenues

€910.6 M

€1,200 M

6.2% AAGR

Income from ordinary operations

€46 M

€100 M

% income from ordinary operations

5.10%

8 to 8.5%

Investments

€62 M

€70 M / year

 

The Housing Division is forecasting average annual growth of 3.5% for its revenues for 2016-2020, with a target of 8% for income from ordinary operations.

The key performance drivers include the turnaround of the Leisure Homes business and the shutdown of the Residential Housing business.

 

 

At Aug 31, 2016

2020 target

Revenues

Leisure Homes

Residential Housing

€172.9 M

€160.8 M

€12.1 M

€200 M

€200 M 5.6% AAGR

n/a

Income from ordinary operations

Leisure Homes

Residential Housing

-€2.4 M


€0.8 M

-€3.2 M

€15 M


€15 M

n/a

% income from ordinary operations / revenues

Leisure Homes

Residential Housing

-1.4%


0.5%

n/s

8%


8%

n/a

Investments

€6 M

€6 M / year

 

The next announcement is scheduled for Wednesday July 12, 2017, when revenues for the first nine months of FY 2016-17 will be reported.

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