BENETEAU (EPA:BEN) - BENETEAU : Revenues for the first nine months of FY 2016-17 - Sustained level of growth confirmed

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12/07/2017 17:40

Press release - July 12, 2017

                  Revenues for the first nine months of FY 2016-17

                       Sustained level of growth confirmed

For the first nine months of FY 2016-17, consolidated revenues climbed to
EUR853.2 million, up 18.6% year-on-year and 17.9% at constant exchange rates.
The revenue growth achieved reflects the strong level of business for both the
Boat and the Housing Divisions.

In line with the Boat business' order book to date, the outlook for full-year
revenue growth in 2016-17 can be confirmed, targeting +11%.

                 Revenues: first nine months and third quarter

In million euros      2016-17   2015-16      Change            Change
                                         (reported data) (constant exchange
                                                               rates)
9-month period
- Boats                695.2     576.2        20.6%             19.8%
- Housing              158.0     143.2        10.3%             10.3%
Consolidated revenues  853.2     719.4        18.6%             17.9%

In million euros      2016-17   2015-16      Change            Change
                                         (reported data) (constant exchange
                                                               rates)
Third quarter
- Boats                343.4     284.9        20.5%             19.8%
- Housing               79.5      86.3        -7.9%             -7.3%
Consolidated revenues  422.9     371.2        13.9%             13.3%

Third-quarter revenues came to EUR422.9 million, up 13.9% compared with the
same quarter the previous year. Business over the quarter was driven by 20.5%
growth for the Boat business. The contraction for the Housing business in the
third quarter reflects a base effect, after large numbers of deliveries were
deferred to the third quarter during the 2015-16 season due to production
delays.

Boats: good sales trends for European and American markets, strong growth for
charter fleets

For the first nine months of the year, Boat Division revenues totaled EUR695.2
million, up +20.6% compared with the first nine months of the previous year and
+19.8% at constant exchange rates.

The Boat Division's growth is being supported by the positive trends for this
business on European and North American markets. It is also benefiting from a
high volume of orders from professional charter firms, generating more than 3
growth points. The South America, Asia and Rest of the World markets are also
making very positive contributions to growth.

The sailing segment, which generated 45.7% of sales for the first nine months
of the year, is benefiting from the strong progress made by catamarans.

Housing: outlook upgraded for full-year revenue growth

Over the first nine months of the year, the Housing Division recorded EUR158.0
million of revenues, up +10.3% compared with the first nine months of the
previous year. The Housing Division's growth has been generated by the Leisure
Homes business, since revenues from the Residential Housing business are no
longer significant.

Following the robust level of sales in spring, the outlook for full-year
revenue growth has been revised upwards.

Outlook confirmed for the full year in 2016-17

For the Boat Division, thanks to the level of the order book and the breakdown
of units available for sale, the Group is able to confirm the outlook for
full-year revenues in 2016-17, with year-on-year growth of +11%. This increase
is linked primarily to the Group's good performance on the American and
European markets, on fleets and, to a lesser extent, on other markets.

For the Housing Division, following the good level of orders in spring with key
account customers, the outlook for revenue growth has been raised to around +5%
year-on-year, compared with +2-3% previously.

In this context, Groupe Bénéteau is raising its forecasts for overall revenue
growth to +11% and is on track to achieve the top end of its forecasts for
income from ordinary operations with around EUR68 million.

The next announcement is scheduled for Tuesday October 31, 2017, when
full-year revenues and earnings will be reported for 2016-17.

About Groupe Beneteau

As the boating industry's global market leader, Groupe Beneteau, through its
Boat division's 11 brands, offers over 200 recreational and professional boat
models serving its customers' diverse navigational needs and uses, from
sailing to motorboating, monohulls and catamarans.

Leading the European leisure homes market, the three brands from the Group's
Housing division offer a comprehensive range of leisure homes, lodges and pods
that combine eco- design with high standards of quality, comfort and
practicality.

With its international industrial capabilities and global sales network, the
Group employs 6,500 people, primarily in France, the US, Poland, Italy and
China.

https://www.beneteau-group.com/en/

Breakdown of revenues by business
2015-16 Group revenues : EUR 1,083.5 million

Housing     16 %
Sailboats  34.6%
Motorboats 49.4%

Press information
Mirna Cieniewicz m.cieniewicz@beneteau-group.com
Mobile: +33 (0)6 86 97 16 94 - Tel: +33 (0)2 51 26 21 25

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

     Groupe Beneteau - Press release - Q3 2016-17 revenues - July 12, 2017

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