Beneteau: confirms 2024 annual sales forecast
(CercleFinance.com) - YTD sales for the Boat division came to E736.
1m, compared with E1105.1m for 2023.
Excluding changes in dealer inventories, sales to end-customers are down by around 7%.
The group announces that it is continuing to reduce inventories in its networks (E110m over the first 9 months), in line with its forecast reduction of E100m to E150m for the full year.
The fall in (volume) demand, particularly for smaller units, has been partially offset by the positive effects of a move upmarket in the division's entire product offering, it says.
The Bateau division confirms its annual sales forecast of close to E1bn for FY 2024, maintains its current operating margin projection of between 4% and 6%, and continues to reduce its own inventories by between E20m and E50m over the year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
1m, compared with E1105.1m for 2023.
Excluding changes in dealer inventories, sales to end-customers are down by around 7%.
The group announces that it is continuing to reduce inventories in its networks (E110m over the first 9 months), in line with its forecast reduction of E100m to E150m for the full year.
The fall in (volume) demand, particularly for smaller units, has been partially offset by the positive effects of a move upmarket in the division's entire product offering, it says.
The Bateau division confirms its annual sales forecast of close to E1bn for FY 2024, maintains its current operating margin projection of between 4% and 6%, and continues to reduce its own inventories by between E20m and E50m over the year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.