Groupe Beneteau Reports First Quarter Results
May 15, 2025
Revenues were down 43% year-over-year, as the company expected the quarter to be the low point for 2025.
Revenues were down 43% year-over-year, as the company expected the quarter to be the low point for 2025.
The Power Products segment saw a decrease in units sold to 3.7 million, down from 3.8 million units the prior year.
Revenues were down 1.2% year-over-year in the marine segment on lower outboard and PWC unit sales.
The marine division posted an 11.4% increase in operating profit despite a drop in revenue for the year.
Net sales rose 12.4% to $228.7 million, as the company leveraged operational strength and product demand.
Revenues of $3.6 million were a 91.7% sequential increase from the 2024 fourth quarter, exceeding forecasts by 50%.
Net sales for the quarter were $1.04 billion, an increase of 8% from 2024 first quarter net sales of $968 million.
Net sales for the quarter were $76 million, down 9.5% from the prior-year quarter.
Higher boat sales led the gains, though the company lowered its full-year guidance in the face of tariff concerns.
Net consolidated sales were $1.22 billion, down 11% year-over-year, with good performance in recurring revenue businesses.
Revenues were down 43% year-over-year, as the company expected the quarter to be the low point for 2025.
The Power Products segment saw a decrease in units sold to 3.7 million, down from 3.8 million units the prior year.
Revenues were down 1.2% year-over-year in the marine segment on lower outboard and PWC unit sales.
The marine division posted an 11.4% increase in operating profit despite a drop in revenue for the year.
Net sales rose 12.4% to $228.7 million, as the company leveraged operational strength and product demand.
Revenues of $3.6 million were a 91.7% sequential increase from the 2024 fourth quarter, exceeding forecasts by 50%.
Net sales for the quarter were $1.04 billion, an increase of 8% from 2024 first quarter net sales of $968 million.
Net sales for the quarter were $76 million, down 9.5% from the prior-year quarter.
Higher boat sales led the gains, though the company lowered its full-year guidance in the face of tariff concerns.
Net consolidated sales were $1.22 billion, down 11% year-over-year, with good performance in recurring revenue businesses.
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