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The Biz

French boat builder reports 6% gain in revenues for the first half of its financial year and confirms full-year growth estimate of 4-6%

France’s Beneteau Group reported positive results for the first half of its financial year ending 28 February 2019, noting a sustained level of business across both its Boat and Housing divisions.

The builder said revenues in the Boat Division posted a 5.6% gain for the period to €403.8 million (at constant exchange rates), assesing its growth rate to be twice that of the global market which is edging upwards at an estimated 2-3%. The company confirmed its previous outlook for 2019, with expected full-year revenue gains of 4-6%. Read on.