closed, but for how long?

Due to the Covid-19 epidemic’s progression and the necessary measures taken by the public authorities to protect people’s health, Groupe Beneteau says it has taken the decision to temporarily suspend its boat and leisure home construction activities in France and Italy.

”Activities at our production units in the US and Poland have slowed down to date, but have not been shut down,” says the company in a statement.

“In this exceptional situation facing our country and all our employees, this suspension of activity is necessary. We are taking all possible measures to ensure the protection of our employees in all countries and to help ensure a quick resumption of our activities as soon as the situation allows us to do so,” says Beneteau chairman and CEO Jérôme de Metz.

The presentation of Beneteau’s strategic plan, scheduled for April 29, will be deferred to a subsequent date.

Beneteau’s share price sank to €4.90 on Monday – its lowest level since 2006 and down approximately 50% for the year, although it has recovered somewhat today, up to €6.41 in mid-day trading. Thanks to IBI News.