BENETEAU (EPA:BEN) - BENETEAU : 2014-15 first-half business

Transparency directive : regulatory news

07/04/2015 17:40

Press release - April 7th, 2015

                          2014-15 first-half business

FIRST HALF OF 2014-15

EUR'000,000
               Sep 2014 to    Sep 2013 to            Reminder  Year-on
                Feb 2015       Feb 2014    Change  of full-year  year
                                                     forecasts  change
Boats             251.3          212.6     + 18.2%      824      + 26%
Housing            61.6           70.1      -12.0%      155        -2%
Consolidated
revenues          312.9          282.7     + 10.7%      979      + 21%

Considering its seasonal business trends, the Group's half-year revenues usually
only account for around 30% of its full-year sales. Over the first half of
2014-15, revenues climbed 10.7% compared with the first half of the previous
year to reach EUR3 12.9 million. Second-quarter revenues came in at EUR206.1
million.

However, in view of the order book, this half-year performance is not
representative of the growth expected for the whole year. The Group is therefore
able to confirm its overall forecast for revenue growth of over 20% for FY 20
14-15.

Boats: good sales trends, stronger than expected for the European market

Billing for the first half of 2014-15 represented EUR25 1.3 million, up 18.2%
from the first half of the previous year. Revenues for the second quarter came
to EUR1 56.4 million. Excluding the EUR38. 1 million contributed by Rec Boat
(Four Winns, Glastron, Wellcraft and Scarab brands) over the half-year period,
the Boat business recorded +0.3% growth. In addition, currency trends over the
half-year period had a positive impact on Boat Division sales for EUR3.9
million.

Thanks to its order book on the same date, which generally represents around 80%
of full-year revenues, the Group is forecasting like-for-like business growth of
over + 10% at constant exchange rates, as announced previously. This additional
growth primarily factors in the Group performing better than expected on the
European market. This positive trend is expected to provide more support than
forecast to help drive revenue growth for the Boat business over the full year.

Housing: limited resumption of investment by tourism professionals

For the first half of 2014-15, the Housing Division generated EUR61.6 million in
revenues, down 12%. Revenues for the second quarter came to EUR49.6 million.

In the Leisure Home business, revenues for the first six months of the year
totaled EUR54.6 million. French tourism professionals, including key accounts,
have resumed their investment policies. However, this trend is not yet being
seen across the board, which will have a slight impact on the full-year revenue
forecast for Leisure Homes as announced at the end of January.

Next date:

April 29th, 2015: 2014-15 first-half earnings

About the Beneteau Group

The world's number one sailing yacht builder - both mono and multihull - the
Beneteau Group has continued to make progress on the motorboat market, and is
now one of the world's leading players.

On both sailing yachts and motorboats, the Group's brands - BENETEAU, JEANNEAU,
LAGOON, PRESTIGE, MCY, CNB, FOUR WINNS, GLASTRON, WELLCRAFT and SCARAB - are
able to offer more than 200 models ranging from 15 to 90 feet.

The Group is also a leading player on the European leisure home market, with its
O'HARA and IRM brands, and is developing its business on the market for high
environmental performance residential housing. With the design and production of
wooden-frame houses, it aims to make quality homes that are affordable and in
line with sustainable development standards.

Breakdown of revenues by business*
2013-14 Group revenues: EUR808.4 M

Housing    19.6%
Sailboats  41.5%
Motorboats 38.9%

* with Rec Boat Holdings LLC

                              www.beneteau-group.com

     Press information: Image Sept - Claire Doligez cdoligez@image7.fr -
                              Tel: +33 1 53 70 74 25
Shareholder contact: Yannick Coicaud-Thomas y.coicaud.thomas@beneteau-group.com

   16 bd de la Mer - BP 319 ~ 85803 Saint Gilles Croix de Vie Cedex - France

    BENETEAU Group - press release - Q2 2014-15 revenues - April 7th, 2015

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