Beneteau Navigates Revenue Decline with Strategic Moves

Beneteau (FR:BEN) has released an update.

Beneteau Group reports a significant 33% drop in Boat division revenue by the end of September 2024, following a record year in 2023, amid a strategic reduction in dealer stock levels and persistent macroeconomic challenges. Despite a challenging market environment, the company maintains its revenue forecast of around 1 billion euros for the fiscal year and expects to close the sale of its Habitat division by year-end, while continuing to focus on premiumization and new model launches. The group’s environmental efforts are also recognized, with over 80% of boat construction activities now compliant with ISO 14001 certification.

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