BENETEAU (EPA:BEN) - BENETEAU : 2014-15 third-quarter revenues - Solid growth confirmed

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08/07/2015 17:40

Press release - July 8th, 2015

             2014-15 third-quarter revenues Solid growth confirmed

The dynamic level of third-quarter business confirms the forecasts announced
since the start of the year. Industry and regional trends are showing positive
signs for the current financial year and FY 2015-16.

Business for the third quarter (March - May 2015)

EUR'000,000           Q3        Q3        Change              Change
                   2014-15    2013-14  Reported basis  Like-for-like and at
                                                      constant exchange rates

Boats               316.6      237.5      33.3%                19.7%
Housing              66.4       70.9      -6.4%                -6.4%
Consolidated
revenues            383.0      308.4      24.2%                13.7%

The Group recorded EUR383 million in revenues, up 24.2% on a reported basis for
the third quarter, with +13.7% growth like-for-like and at constant exchange
rates.

This good performance reflects both the significant progress made by the Boat
business and the Housing business contraction, as expected.

Following on from the first-half results, these good figures once again
highlight the particularly marked seasonality of the Group's activities, without
adversely affecting their visibility.

Positive indicators for both business lines

* Boats: the upturn on markets across Europe - particularly in Spain, the UK and
  Italy - has been a key factor behind the Boat business' robust performance
(+19.7%). In addition to this recovery, better than forecast, North America has
  continued to see positive trends .

* Housing: the good levels of campsite bookings for the current season have
  exceeded the forecasts of industry  professionals in the end. Next year,
  they are expected to be combined with more sustained investments by
  professionals. In this context, the Group is still confident about the
  branch's development, despite the Housing business contracting by more than
  forecast (-6.4%).

Business for the first nine months (September 2014 - May 2015)

EUR'000,000          9 months    9 months      Change            Change
                     2014-15     2013-14   Reported basis  Like-for-like and at
                                                             constant exchange
                                                                 rates

Boats                 568.0        450.1       26.2%              9.7%
Housing               128.0        141.0       -9.2%             -9.2%
Consolidated
revenues              696.0        591.1       17.8%              5.2%

As a result of the third quarter's good figures, the EUR696 million in
consolidated revenues for the first nine months of the year, up 17.8% on a
reported basis and 5.2% like-for-like and at constant exchange rates, is in line
with the forecasts.

In view of the contextual elements, industry factors and the development of the
two business lines during the third quarter, it is possible to confirm the
full-year forecasts for 2014-15: over 10% growth for the Boat business and a
slightly higher-than-forecast contraction for the Housing business.

Financial position

The balance sheet position did not change significantly during the third quarter
of 2014 -15, with the exception of the usual seasonal trends for activities.

Next date: full-year revenues in September 2015.

About the BENETEAU Group

The world's number one sailing yacht builder - both mono and multi-hull - the
Beneteau Group has continued to make progress on motorboats, and is now a global
market leader.

On both sailing yachts and motorboats, the BENETEAU, JEANNEAU, LAGOON
and PRESTIGE  brands  are able to offer  over 100 models ranging from 20 to 60
feet. The Group has one of the most prestigious names for the custom
construction of luxury yachts: CNB. It is expanding its range in the segment for
motorboats over 15 meters with  PRESTIGE  YACHTS and MONTE CARLO YACHTS.

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
timber-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%
Motorboats         38.9%
Sailboats          41.5%

* with Rec Boat Holdings LLC

                           www.beneteau-group.com
    Press information: Catherine Gros catherine.gros@consultants.publicis.fr
                           Tel: +33 6 03 80 51 97

Shareholder contact: Yannick Coicaud-Thomas y.coicaud.thomas@beneteau-group.com
16 bd de la Mer - CS 43319 * 85803 Saint Gilles Croix de Vie Cedex - France

     BENETEAU Group - press release - Q3 2015 revenues - July 8th, 2015

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