Duyuru • 4h
Groupe Beneteau Announces Executive Board Changes Groupe Beneteau announce that following the Annual General Meeting held on June 11, 2026, Groupe Beneteau announced the appointment of Nicolas Retailleau as Chief Financial Officer and his addition to the Executive Board alongside Bruno Thivoyon. Chief Financial Officer of the Group since November 2023, Nicolas Retailleau brings more than 20 years of experience in financial management within international groups (Valeo, Galeries Lafayette, Tarkett) and in several countries (France, Spain, Mexico, the United States, and Belgium). As part of his new responsibilities, he will be tasked with consolidating and developing the finance, legal, and information systems functions, as well as the deployment of management processes (ERP), and ensuring compliance and internal control. Groupe Beneteau thanks Gianguido Girotti, former Chief Executive Officer, for his dedication over the past 11 years, including two on the Executive Board. Upcoming Dividend • Jun 10
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.6%). Declared Dividend • May 27
Dividend reduced to €0.20 Dividend of €0.20 is 9.1% lower than last year. Ex-date: 17th June 2026 Payment date: 19th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. Independent Director Eric Leonard was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 05
Bénéteau S.A. to Report First Half, 2026 Results on Sep 23, 2026 Bénéteau S.A. announced that they will report first half, 2026 results on Sep 23, 2026 Duyuru • May 04
Bénéteau S.A., Annual General Meeting, Jun 11, 2026 Bénéteau S.A., Annual General Meeting, Jun 11, 2026. Location: 16 boulevard de la mer, saint gilles croix de vie France Duyuru • Nov 04
Bénéteau S.A. to Report Fiscal Year 2025 Results on Mar 18, 2026 Bénéteau S.A. announced that they will report fiscal year 2025 results After-Market on Mar 18, 2026 Duyuru • Jul 29
Bénéteau S.A. to Report First Half, 2025 Results on Sep 24, 2025 Bénéteau S.A. announced that they will report first half, 2025 results on Sep 24, 2025 Duyuru • May 13
Bénéteau S.A., Annual General Meeting, Jun 19, 2025 Bénéteau S.A., Annual General Meeting, Jun 19, 2025. Location: les embruns, 16 boulevard de la mer, saint gilles croix de vie France Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €558.0m (down 31% from 1H 2023). Net income: €26.7m (down 72% from 1H 2023). Profit margin: 4.8% (down from 12% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €10.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Leisure industry in Europe. Total loss to shareholders of 11% over the past three years. Upcoming Dividend • Jun 05
Upcoming dividend of €0.73 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%). Declared Dividend • May 08
Dividend increased to €0.73 Dividend of €0.73 is 74% higher than last year. Ex-date: 12th June 2024 Payment date: 14th June 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 21
Bénéteau S.A., Annual General Meeting, Jun 04, 2024 Bénéteau S.A., Annual General Meeting, Jun 04, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: €1.47b (down 2.7% from FY 2022). Net income: €159.0m (up 54% from FY 2022). Profit margin: 11% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Leisure industry in Europe. Buy Or Sell Opportunity • Mar 20
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €13.72. The fair value is estimated to be €11.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to decline by 21% in the next 2 years. Duyuru • Nov 10
Bénéteau S.A. to Report Fiscal Year 2023 Results on Mar 19, 2024 Bénéteau S.A. announced that they will report fiscal year 2023 results After-Market on Mar 19, 2024 New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Sep 29
First half 2023 earnings released: EPS: €1.19 (vs €0.65 in 1H 2022) First half 2023 results: EPS: €1.19 (up from €0.65 in 1H 2022). Revenue: €131.2m (down 82% from 1H 2022). Net income: €95.9m (up 81% from 1H 2022). Profit margin: 73% (up from 7.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Leisure industry in Europe. Buying Opportunity • Aug 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be €17.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Jun 14
Upcoming dividend of €0.42 per share at 2.5% yield Eligible shareholders must have bought the stock before 21 June 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.3%). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €16.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.93 per share. Duyuru • May 09
Bénéteau Enter into Exclusive Discussions with Trigano to Sell BIO HABITAT Bénéteau S.A. (ENXTPA:BEN) said it has entered into exclusive discussions with Trigano S.A. (ENXTPA:TRI) to sell its housing business which is focused on manufacturing leisure homes for the camping tourism sector. The talks concern Beneteau’s subsidiary BIO HABITAT, including the O'HARA, IRM and COCO SWEET brands, as well as all of its employees. The financial details of the transaction under negotiations were not disclosed. A potential divestment will be aligned with the French boats maker’s push to focus on its core business. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 21% share price gain to €12.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 31% over the past three years. Reported Earnings • Sep 30
First half 2022 earnings released First half 2022 results: EPS: €0.64. Net income: €52.9m (up €52.9m from 1H 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 4 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 15
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (2.8%). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Catherine Pourre was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to €12.36, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Leisure industry in Europe. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.54 per share. Is New 90 Day High Low • Mar 02
New 90-day high: €12.87 The company is up 45% from its price of €8.90 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.80 per share. Is New 90 Day High Low • Jan 26
New 90-day high: €10.85 The company is up 49% from its price of €7.31 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.85 per share. Is New 90 Day High Low • Jan 07
New 90-day high: €9.70 The company is up 43% from its price of €6.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.57 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €8.96 The company is up 34% from its price of €6.69 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.63 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €8.13 The company is up 27% from its price of €6.41 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.88 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €7.45 The company is up 36% from its price of €5.47 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.86 per share.