Sales of new catamarans up over the year
Catana Group, owner of the Catana and Bali multihull brands, has published the results of its latest fiscal year, which ended August 2020. Overall annual revenues amounted to 81.923 million euros, up 6%. Sales of new catamarans amounted to 74.276 million euros over the period, accounting for more than 90% of total revenues. It posted growth of 11% compared to fiscal year 2018/2019. The remainder of the business is divided between brokerage, the sale of trade-ins of used boats, which will decline sharply in 2019/2020, and services.
The management is pleased to have been able to maintain a positive growth rate, despite a third quarter of the year marked by the shutdown of the French and Tunisian production sites due to the health crisis linked to Covid-19, resulting in a very low turnover of 4.9 Meuros, down 73% compared to the same period of the previous year.
In terms of services, the Port Pin Rolland subsidiary, which is active in handling, maintenance and repair, was able to limit its drop in turnover to 22%. It amounts to 4.149 Meuros.
Caution and confidence in the strategy of Bali catamarans
In its communication, the group is reconciling prudence with the affirmation of its strategy. It recalls the fragility of the boat rental market, a major customer of the multihull market, which has been severely impacted by cancellations and travel restrictions. The cancellation of the autumn boat shows also invites him to be cautious. However, he emphasizes the momentum generated by the Bali catamaran range since its launch, having increased the share of new boat sales from 38% to 90% of revenues in 5 years. The upcoming release of the Bali 4.2 and Bali Catspace Motoryacht should continue this strategy.
The outlook for the year 2020/2021 is reassuring for the Catana Group, whose order book is approaching 60 million euros for the new construction activity.
