Bénéteau: aims to double operating margin by 2020.
(CercleFinance.com) - At an investor day organised in Bordeaux today, Bénéteau will detail its strategic outlook through to 2020.
In particular, according to a document published this morning, the boat manufacturer intends to double its operating margin by then.
The group's strategic plan, called "Transform to Perform 2017-2020", includes several financial elements. Regarding turnover, following 1.1 billion euros in the fiscal year to end-August 2016 (2015/2016), the Bénéteau Group now expects around 1.4 billion euros in 2020, including 1.2 billion euros for its boats division.
Its underlying operating income, which reached 43.6 million euros in 2015/2016, and which is forecast in a range of between 63 million and 68 million euros for the current fiscal year, is expected to reach around 115 million euros in 2020 (with the Boat division at around 100 million euros). The margin of the Boats division would therefore rise from 5.1% to 8/8.5%.
Finally, Bénéteau's EPS, i.e. 0.30 euro in 2015/2016, is expected to exceed 1 euro per share in 2020.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In particular, according to a document published this morning, the boat manufacturer intends to double its operating margin by then.
The group's strategic plan, called "Transform to Perform 2017-2020", includes several financial elements. Regarding turnover, following 1.1 billion euros in the fiscal year to end-August 2016 (2015/2016), the Bénéteau Group now expects around 1.4 billion euros in 2020, including 1.2 billion euros for its boats division.
Its underlying operating income, which reached 43.6 million euros in 2015/2016, and which is forecast in a range of between 63 million and 68 million euros for the current fiscal year, is expected to reach around 115 million euros in 2020 (with the Boat division at around 100 million euros). The margin of the Boats division would therefore rise from 5.1% to 8/8.5%.
Finally, Bénéteau's EPS, i.e. 0.30 euro in 2015/2016, is expected to exceed 1 euro per share in 2020.
Copyright (c) 2017 CercleFinance.com. All rights reserved.