Groupe Beneteau Reports Record Earnings in FY 2023

Groupe Beneteau announced its financial results for the fiscal year 2023, marking a period of record earnings and substantial growth. The company saw a 59% increase in income from ordinary operations, reaching €246 million. Net income also rose significantly to €182 million, constituting 10.2% of revenues. With these results, Groupe Beneteau proposes a dividend of €0.73 per share, up from €0.42 in the previous year. The operating margin for 2024 is projected to remain strong, between 7% to 10%.

Bruno Thivoyon, the CEO, attributed this success to the collective effort of its 8,000 employees and the implementation of a value-driven growth strategy. This strategy has not only enhanced the company's resilience but also significantly improved operational profitability. The Boat division plans to sustain its operating margin in 2024 despite rising interest rates impacting business.

The company also highlighted its strategic growth in premium segments and sustainable innovation, alongside the expansion into new service avenues such as digital platforms and the sharing economy. This solid financial performance is further underpinned by a strong increase in revenues, EBITDA, and net income across the board, demonstrating Groupe Beneteau's robust market position and effective business strategies.