BENETEAU : FY 2012-13: Group confirms its increasingly global profile

PR Newswire/Les Echos/ 
Press release - January 31st, 2013 
       FY 2012-13: Group confirms its increasingly global profile 
* The 2013 boat season shows a better level of visibility 
-­ Growth in emerging markets, upturn on the North American market, less 
marked downturn for the European market 
-­ Slight increase in sales for the Boat business thanks to contributions by 

    the areas for development (up +50%)

* Outdoor accommodation professionals in France are scaling down their
  investments for the 2013 season

  - ­International sales expected to grow by more than 65%

During its financial information meeting, the Bénéteau Group presented its
objectives for FY 2012-13. More specifically, they reflect the strategy 
adopted for boats, with the commercial deployment of the Group's brands, while 
setting up industrial operations in new markets, combined with the extension 
of its product range.

- Reasons for satisfaction outside of Europe in 2012-13 for Boats

The 2013 season is expected to bring a certain visibility back to the global
boat market, although to a lesser extent in Europe. After contracting by 25% 
in 2012, the European market looks set for a more limited downturn in 2013, 
falling by around 10% to 15%. Hit by the austerity context, the French and 
German markets are expected to trend down, while growth is forecast for 
certain markets, including Russia, Scandinavian countries and the UK.

Thanks to its global development policy, particularly in growing regions, the
Group expects to generate more than 40% of its sales outside of Europe 
(compared with 32% in 2012). It is expected to benefit from its rapid 
penetration of the motorboat market, combined with the promising signs on the 
American market and the growth seen in markets in the take-up phase, namely 
Asia and South America. In this way, the Group's sales in its areas for 
development are expected to represent nearly EUR150 million, climbing 50% for 
the second year running.

For FY 2012-13, the Group is forecasting EUR618 million in Boat sales, up 1.3%.
In this way, the strong growth expected in its developing areas will for the
first time balance out the expected downturn on the traditional scope.

- Strong international growth for Leisure Homes

Faced with the wait-and-see approach adopted by campsite owners in France, the
IRM and O'Hara brands will maintain their strong positions in a market that is
expected to contract by around 25% in 2013. Benefiting from its new industrial
site in Italy, the Group will achieve further market share gains in other
European countries, where its business is likely to grow by over 65% in FY
2012-13. Led by a stronger management team, the Residential Housing business 
is forecasting significant growth (2012-13 sales estimated at EUR20 million, 
+54%) and will continue moving forward with the development of a new "Muse" 
range, which will help pave the way for operations to break even by 2015.

- 2012-13 objectives: operating cash-flow growth, financial capacity 

Faced with an adverse environment in France for Housing, and with strong
dynamics in the areas for development in the Boat sector, consolidated sales 
are expected to reach EUR810 million for 2012-13, down slightly (-2.5%) in 
relation to 2011-12. Operating income reflects a certain resilience, estimated 
at -EUR7.5 million. For 2012-13, the Group is forecasting EUR54 million in 
operating cash-flow, coming in higher than the previous year, with close to 
EUR12 million in net cash overall (excluding treasury stock), while 
maintaining its ambitious product investment plan, thanks to effective 
management of its working capital.

- Outlook: increasingly global positioning

In an improving boat market, with potential for growth by 2020, the Group's
profile will be increasingly global, with the majority of business to be
generated outside of Europe (around 55%). This new profile will be driven by 
its development on motorboats (60% of the Boat business by 2020, versus 40% 
in 2012). The 2014 season will follow on from this trend.

The 2011-12 annual report will be available from this evening on the site.

Next date:
- February 1 st, 2013: general shareholders' meeting.

About the BENETEAU Group

As the world's number one yacht builder - both mono and multi-hull - the
Beneteau Group has continued to make progress on the motorboat market, and is
now one of the world's leading players.

On both sail and motorboats, the BENETEAU, JEANNEAU, LAGOON and PRESTIGE brands
are able to offer more than 100 models ranging from 20 to 60 feet. The Group 
has one of the most prestigious names for the custom construction of luxury 
yachts: CNB. It is expanding its range in the segment for motorboats over 15 
meters with Prestige Yachts and Monte Carlo Yachts.

The Group is also a leading player on the European leisure home market, with 
its O'HARA and IRM brands, and is developing its business on the market for 
high environmental performance residential housing. With the design and 
manufacturing of wooden-frame houses, it aims to make quality homes that are 
affordable and compliant with sustainable development standards.

Breakdown of sales by business
2011-12 Group sales: EUR831,2 M

Yachts     Housing     Motorboats
41%        27%         32%

                          Press information:  
Image Sept - Claire Doligez - Tel: +33 1 53 70 74 25  
                         Shareholder contact:  
       Yannick Coicaud-Thomas  
16 bd de la Mer - BP 319 * 85803 Saint Gilles Croix de Vie Cedex - France 
        BENETEAU Group - financial meeting - January 3 1st, 2013 
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-0- Feb/01/2013 07:27 GMT
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