Beneteau responds to crisis

Beneteau has restarted production at three of its sites as half year earnings announced; CEO takes salary reduction, new strategic plan to follow in July to reflect deep transformation of its markets

Groupe Beneteau has announced 2019-20 first-half consolidated revenues of €519.4 million, up +4.7% year-on-year (+4% at constant exchange rates), thanks it says, to a sustained level of business for both its Boat and the Housing divisions. The global boatbuilder also reported a robust financial position, with €609 million of equity at February 29, 2020 and over €300 million of credit lines already in place and currently being confirmed – to be supplemented with a €120 million government-backed loan..

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