Catana: half-year results in line, growth target confirmed
June 04, 2024 at 03:29 pm IST
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Catana Group was up on the stock market on Tuesday after reporting half-year results in line with its targets, and reiterating its ambition to remain on a long-term growth trajectory.
Last night, the pleasure craft manufacturer reported higher results for its first half of the 2023/2024 financial year, which ended at the end of February, in a market that was nonetheless judged to be "less favorable".
Operating income rose by 36% to €16.8 million, representing almost 16% of sales, compared with 13% in the first half of 2022/2023.
Boosted by sales of new yachts, particularly the Bali range of large models, sales rose by 11% to 105.7 million euros, despite a context described as "much less euphoric" over the past year.
Net income, Group share rose by 54% to 13.5 million euros.
"These excellent interim results once again demonstrate the solidity of the Group and its business model", commented CEO Aurélien Poncin.
Believing its fundamentals to be ever more solid, Catana says it is "serenely" pursuing the deployment of its strategic plan, which it sees as "providing levers for long-term growth".
Following this publication, its share price was up by more than 3% late Tuesday morning on the Paris Bourse.
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Catana Group specializes in the design, construction and marketing of luxury pleasure boats. The group also operates the concession of a harbor located in the department of Var (Port Pin Rolland). Net sales break down by activity as follows:
- sale of boats (96.7%): luxury catamarans (Catana, Bali and Catspace brands);
- services (3.3%): work carried out on boats (refitting, repairs, maintenance work, etc.), hire of boat-mooring places and security services (400 mooring spaces and 500 on-land storage spaces), boat hire, etc.
Net sales are distributed geographically as follows: France (25.9%), Turkey (11.5%), United States (14.8%), Italy (6%), Greece (5.2%), Mauritius (4.6%), Spain ( 3.9%), and others (28.1%).
CATANA GROUP 
