Beneteau: growth continues.
(CercleFinance.com) - Beneteau reported Q3 sales of 422.
9 million euros, up 13.9% as reported and up 13.3% at constant exchange rates compared to the same period last year.
The group once again benefited from the strength of its "Boats" business, where revenues increased by 20.5% (+19.8% at constant exchange rates).
The 7.9% decline in the contribution of the "Habitat" division, where sales reached 79.5 million euros (-7.3% at constant currencies) is due to a strong comparison basis, as deliveries were massively delayed into the third quarter in the 2015/2016 season due to production delays.
Over the first three quarters of the year, Beneteau generated revenues of 853.2 million euros, up 20.6% y-o-y, and up 19.8% at constant exchange rates, including 695.2 million euros from the “Boat” segment (+20.6%, +19.8% at constant exchange rates) and 158 million euros from the "Habitat" segment (+10.3%).
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