Beneteau: 37% drop in annual RNPG

(CercleFinance.com) - Beneteau has reported a 37% drop in net income (group share) to 92.
9 million euros for 2024, as well as a 63.3% drop in operating income before non-recurring items to 75.9 million (7.3% of sales), but above the pleasure boat manufacturer's forecast.

Boat division sales contracted by 29.4% to just over 1.03 billion euros, compared with a record 2023, which had benefited from an increase in inventories in distribution networks of almost 240 million.

Claiming a 'very solid' financial position, Beneteau indicates that an exceptional dividend of 100 million euros (or 1.21 euros per share) will be paid on March 27, followed by a current dividend of 18 million (0.22 euros per share).

It is targeting sales of between 0.9 and one billion euros in 2025, affected by the continuing downturn in markets and network inventories in the first half, then 1.5 billion with a current operating margin of 10% in 2028.

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