Think the economy is tough? Even the once invincible Beneteau
is feeling the squeeze:
French boatbuilder the Beneteau Group’s share price hit a 52-week low
on Tuesday following the release of its 2007-2008 financials, announcing
a strong performance for 2008 but warning of a drop in orders in 2009.
The group reported an ‘atypical start to the boat season’ for 2009 alongside
its 2007-2008 figures, saying the current banking crisis has resulted
in a ‘wait-and-see’ attitude among certain clients. "The rate of
orders for the 2008-2009 season will be very different from previous
years, with orders taken later depending on the country," read
a statement from the Beneteau Group. Thanks to IBI News and here’s the rest
of the story.