600 boats unable to be shipped | News | Boating Business

600 boats unable to be shipped03/08/2022Save articleGroup Beneteau’s Boat Division saw almost 3% growth in the first half of 2022 with revenues of €548.2m.SHOW FULLSCREENMonte Carlo Yachts was recording a lossHowever, the growth was held back by supply chain disruption, particularly in the first quarter, with around 600 finished boats not able to be shipped and therefore billed as of June 30 2022 – equivalent to the level from March 3, 2022.The deliveries of these will be deferred to the second half of the year, with more than €80m of billing deferred – around 15% of the Boat division’s first-half revenues.“The boat and leisure home markets have continued to perform very well,” explained Bruno Thivoyon, CEO.“The disruption affecting supply chains slowed our rate of growth during the first half of the year, with nearly €80m of billing deferred to the second half of the year.”Revenues for the Motorboat business represent 57% of the Boat division’s revenues for the first half of 2022, supported by the dayboating segments of motorboats up to 40ft.In Europe, revenues contracted by -7.7%, as a result of the disruption to supply chains, which affected large units in particular, as well as the rationalisation of the brand portfolio – notably Monte Carlo Yachts and CNB Yachts, which were recording losses.However, in North America, business was strong, up 15% at constant exchange rates, helped by the development of the dayboating segments, the turnaround by the American brands and the growth of the Beneteau, Jeanneau and Lagoon brands.The Group has also continued developing its Boat Club business in the US, opening five new daily rental centres.The first half of 2022 also saw a return to growth in charter boat sales.TopicsBeneteauCNB YachtsGroup BeneteauIndustry NewsJeanneauLagoonMonte Carlo Yachts

Source: 600 boats unable to be shipped | News | Boating Business

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