BENETEAU's 2024 Financial Performance Amid Challenging Market Conditions

BENETEAU reported a solid financial performance for 2024 despite economic challenges and a market downturn. The company's revenue reached €1,034 million, a decrease of 29.4% compared to the previous year, largely due to reduced dealer stock levels. However, the company's strategic focus on premiumization helped mitigate a sharper decline.

The sale of the Housing division to Trigano for €235 million was finalized, contributing to a net income of €92.9 million. The transaction included a €38 million capital gain, significantly boosting BENETEAU's financial position. The company also recorded a free cash flow of €2 million, reinforcing its net cash position at €357 million.

Looking ahead to 2025, BENETEAU anticipates a 5% to 10% decline in retail demand due to geopolitical uncertainties and cautious distributor behavior. Despite these challenges, the company's strong financial health allows for continued investment in innovation and potential external growth opportunities. The commitment to reducing CO2 emissions by 30% by 2030 remains a key focus, underscoring BENETEAU's dedication to sustainability.