(AOF) – Catana “opens its new 2022/2023 financial year on solid foundations” with activity up 34.89%. The pleasure craft specialist reports that it is recording “a sustained level of activity” “in all its compartments”, after a significant market share gain in 2021/2022, materialized by historic growth of 46%. Quarterly revenue for the new fiscal year stands at 40.12 million euros, compared to 29.74 million for the 1st quarter of the previous fiscal year, which makes it possible to maintain a “double-digit growth outlook” for 2023.
Although entering a period of the financial year that is less favorable to deliveries, sales of new Bali and Catana boats “continue to fuel the growth dynamic and show an increase of more than 36%”.
At the same time, the Services activity, mainly driven by the Var subsidiary Port Pin Rolland, is also progressing markedly with 1.8 million euros in activity compared to 1 million euros during the first quarter of 2021/2022.
Even though the group has “not escaped major disruptions in parts deliveries”, generating numerous manufacturing delays and significant disruption of its industrial activity.
Catana has observed, however, since the beginning of the year, “a substantial improvement in the supply chain which gradually allows to regain more efficiency on the industrial level”.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activity is dynamic compared to October 2021. The frequentation of the points of sale was very impacted by the problems of fuel and bad weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: to cap the price of energy for 2023 and retroact on the contracts already signed to prevent the rate of failures from accelerating.