(AOF) – Beneteau lifted the veil on Thursday evening on the results of its 2021 financial year, now based on the calendar year. Last year, the boat manufacturer generated a net profit group share of 73.4 million euros. It includes a financial expense of -2.6 million euros, an improvement of 3 million compared to 2020, as well as a positive contribution (4 million euros) from companies accounted for using the equity method. For its part, current operating income amounted to 95.8 million euros (+ 248.6% in pro forma compared to 2020), resulting in a margin of 7.8% (compared to 2. 5%).
In a market context driven by strong demand for its two Boat and Habitat activities, Beneteau ended the 2021 financial year with revenue of 1.23 billion euros, up 11.9% on a reported basis. and 12.9% at constant exchange rate.
“The year 2021 was particularly intense in terms of human, industrial, commercial and logistical challenges that our teams were able to meet brilliantly”, commented Jérôme de Metz, CEO of Beneteau.
Given these elements, the group will propose the payment of a dividend of 0.30 euros per share to its shareholders.
For 2022, revenue could reach growth of 11 to 14% in published data and operating profit would be between 110 and 120 million euros.
Finally, the Beneteau group said it was not very exposed to the direct effects of the Ukraine-Russia conflict. It has no industrial facilities in Ukraine, Russia or Belarus, nor any suppliers on which it depends for its Boat and Housing activities. The volume of orders for these three countries represents less than 1% of the overall order book.
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Hospitality & Leisure: new expectations from travelers
The sector suffered a 74% drop in tourist arrivals worldwide in 2020 according to the World Tourism Organization (UNWTO). At 500 million, these arrivals have fallen to their level of the early 1990s.
Globally, the sector lost 1.3 trillion dollars last year following the Covid-19 pandemic. A return to normal is expected for 2023, particularly under the effect of vaccination, with changing requirements.
Continued growth for major global hoteliers
In 2020, the hotel park of the major operators has progressed according to the firm MKG, with the exception of that of the Indian Oyo and the American Wyndham. The 54.3% contraction in its customer base pushes Oyo from second to ninth place, due to its decline in China (-75%). On the other hand, the three major Chinese groups (Jin Jiang, Huazhu, and BTH), which are among the top ten global operators, have continued to expand. Their domestic market, in the recovery phase from 2020, shows considerable needs.
Jin Jiang, which notably owns the French Louvre Hotels Group, has regained its place as number two in the world. As for the world leader, the American Marriott International, the growth of its park exceeded 3%, as well as for Accor, and it almost reached 5% for Hilton.
This expansion can be explained by the economic model of the major operators and by the appetite of investors, who are confident in the sector’s medium and long-term prospects.
Emergence of a new tourism
Local tourism, which has suffered the least from the health crisis, should emerge strengthened. On the other hand, business travel should continue to be penalized in the short term for health reasons and because of the reductions in company costs authorized by new tools (Teams, Zoom, etc.).
Travelers’ expectations have evolved. They are more sensitive to flexibility (possibilities of cancellation, flexible departure dates, etc.). Several tour operators believe that prices should increase to take into account the
and
s ecological costs and a rebalancing of wages. They believe that operators offering a differentiating experience should be the big winners from this crisis.