Beneteau Exceeds 2024 Revenue Forecasts, Plans for 2025 Recovery

Groupe Beneteau reported revenues of €298 million for the fourth quarter of 2024, exceeding expectations. The full-year revenues reached over €1 billion despite a 29.4% decrease compared to 2023. The decline was attributed to reduced demand in multihull sailing and dealer destocking. However, the operating margin surpassed expectations, indicating robust operational management.

The Sailing business experienced a 26.5% drop, while the Motor segment decreased by 32.5%. Despite these challenges, sales to end customers rose in the Motor category. The company also advanced in using recyclable materials, enhancing its sustainability credentials.

Looking ahead, Beneteau anticipates a gradual market recovery in the latter half of 2025, driven by 20 new models and normalized stock levels. The focus will be on premiumization and entry-level segment renewal, aiming for profitable growth.