Beneteau predicts a slowdown in the global yacht market

Group Beneteau presented its forecast for the 2018/19 financial year — the French are predicting a slowdown in the global yacht market. Exchange immediately reacted negatively to the pessimistic scenario.

Beneteau notes that trade tariffs introduced in July 2018, European Union and Canada for motor boats, made in the USA, had a negative impact on international sales and has led to increased competition in the domestic market of States.

Relative to our own perspectives, Beneteau also paints a not very rosy picture: income growth is expected, but only to the extent of from 4 to 6%, while last year the figure was 9%.

The company claimed that the orders for the 2018/19 fiscal year (as of January 31, 2019) managed to increase by 4.1% in comparison with the similar period of last year. The key here is that sailing segment continues to evolve — just 12.3% of the portfolio, and the segment of motor boats, however, shows a drop — not a record, but very unpleasant, falling 3.2%.

According to Beneteau, the worst is the case with motor yachts over 60 feet — the demand for them has been steadily declining in all regions.

In 2018/19, the assurance Beneteau, 11 belonging to her brands will release a total of 32 new models, including monohull yachts, Multihull sailboats and boats with outboard motors.

Despite more or less positive expectations Beneteau in relation to their own business, the stock market and investors reacted negatively to the news about the expected slowdown in the yachting market in General.

24 hours since the announcement the stock price of the Beneteau Group fell by 21%.

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