The nautical group is having a strong start to the year, boosted by its new models and a shift in deliveries. However, visibility remains dependent on the situation in the Middle East.
Beneteau Group reports a revenue of 169.5 million euros, up 30.1% in published data and 34.5% at constant exchange rates. The consensus was slightly more optimistic, expecting 187 million euros.
Breaking it down, at constant exchange rates, the Sailing activity grew by 18.6% driven by the success of models launched in 2025 and the recovery of sales to professional renters, up by 22%. The Engine activity shows particularly strong growth of 45.2%.
By geographical area, North and Central America saw a significant increase of 110.3% ahead of Europe (16%) while activity declined by 46.3% in “Other regions”.
“The current level of the order book remains strong, which allows us to maintain the outlook for the year, subject to an improvement in geopolitical situation by the end of this first semester,” commented Bruno Thivoyon, President of the Executive Board.
Looking ahead, Beneteau confirms its objectives of “significant sales growth for the entire fiscal year.” However, this guidance is dependent on an improvement in the Middle East situation, as the group has seen a marked slowdown in order intakes since March.
The order book deliverable for the year remains strong, up by nearly 10% at constant exchange rates by the end of April.
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