BENETEAU (EPA:BEN) - BENETEAU : 2014-15 revenues, Full-year forecasts confirmed

Transparency directive : regulatory news

30/09/2015 07:00

Press release - September 30th, 2015

                                 2014-15 revenues
                          Full-year forecasts confirmed

Solid fourth quarter

* Strong like-for-like revenue growth for the Boat business
* Good end to the season for the Leisure Homes business

Fourth-quarter business (June-August 2015)

EUR'000,000             Q4          Q4        Change        Change
                      2014-15     2013-14    Reported    Like-for-like
                                              basis     and at constant
                                                         exchange rates

Boats                 251,8        200,1     + 25,8%        + 13,3%
Housing                22,0         17,3     + 27,4%        + 27,4%
Consolidated
revenues              273,8        217,4     + 26,0%        + 14,6%

The good level of business for the fourth quarter confirms the sales forecasts
announced since the start of the year.

Consolidated full-year revenues (September 2014 to August 2015)

EUR'000,000          At end-August   At end-August    Change       Change
                          2015            2014                  Like-for-like
                                                              and at constant
                                                               exchange rates

Boats                    819,8           650,2 (1)   + 26,1%       + 10,8%
Housing                  150,0           158,2         -5,2%         -5,2%
Consolidated revenues    969,8           808,4       + 20,0%        + 7,6%

(1) Of which, contribution by RecBoats, acquired on June 23rd, 2014: EUR95.2 M
for 2014-15 vs. EUR15.2 M in 2013-14

Boats: business picking up in Europe and continuing to grow in North America

At constant exchange rates, the Boat business recorded EUR703.4 million in
like-for-like revenues for FY 2014-15, up +10.8% from the previous year.
The Group has continued moving forward with:
- Its deployment on the motorboat market,
- The expansion of its range to include larger sailing yachts and motorboats,
- The strengthening of its commercial presence in regions with the greatest
potential for growth.

In an improving market, particularly in Europe, this has enabled our brands to
outpace the market in terms of their revenue growth.

The motorboat business is up +15.5% like-for-like and at constant exchange
rates, with strong growth for the motor yacht business (+37.6%).  Overall,  the
motorboat business  represents  49.1%  of  revenues for the Boat business line,
compared with 47.1% for FY 2013-14.

* In Europe, the upturn on the UK, German, Spanish and Italian markets has
  enabled the Group to achieve +10% sales growth.

* In North America, business is up +11.7% from the previous year, confirming
  the upturn on the American motorboat market.

* In the Pacific and Middle East region, the development of the Group's
  range of large boats has enabled it to make strong progress, with growth of
  nearly 60%.

Total revenues for the Boat business represent EUR819.8 million, up +26%,
factoring in the recent acquisition of RecBoats. This company's revenues were
limited to $110 million, on account of the poor economic environment affecting
the Canadian market.

The first boat shows in August and September, exclusively covering Europe -
France, UK and Northern Europe - show positive trends for the 2016 season. The
forecasts for business trends will be clarified following the next autumn shows
in the other regions (South America, Southern Europe and North America).

Housing: better end to the season than forecast

The Housing business is reporting EUR150.0 million in revenues for the year,
down 5.2%. This figure includes EUR16.2 million for Residential Housing. For
the Leisure Homes business, the catch-up seen on the French market since the
third quarter was confirmed at the end of the year, driven primarily by key
account customers. Internationally, business has been boosted by the Italian
market, which grew by over 50%, after 2014 had been affected by unsuitable
legislation.

For the start of the 2016 season, campsite professionals are confident
following a 2015 holiday season characterized by advance bookings and good
occupancy rates for campsites.

Next date:
2014-15 full-year earnings on November 4th, 2015 (after close of trading)

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 Group's brands - BENETEAU, JEANNEAU,
LAGOON, PRESTIGE, MONTE CARLO YACHTS, CNB, FOUR WINNS, GLASTRON, WELLCRAFT and
SCARAB - are able to offer more than 200 models ranging from 15 to 105 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 timber-frame houses, it aims to make quality homes that are
affordable and in line with sustainable development standards.

Breakdown of revenues by business*

2014-15 Group revenues: EUR969.8 M

Housing           15.5%
Sailboats         37.8%
Motorboats        46.7%

* with Rec Boat Holdings LLC

                              www.beneteau-group.com
      Press information: Sarah Jardin sarah.jardin@consultants.publicis.fr
            Tel: +33 (0)1 44 82 46 36 - Mobile: +33 (0)6 48 33 69 83
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

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