(AOF) – Catana Group announces a turnover of 46.7 million euros in the first quarter of 2023/2024, an increase of 16.4%. The group specializing in the design, construction and marketing of pleasure vessels cites “the gradual return to more serene production and delivery conditions after two logistically disrupted years”, “after the colossal growth rate of the last years”. The Boats division recorded growth of more than 19% to 45.7 million, also reflecting a gradual return to normal in terms of deliveries.
The Catana Boats division is mainly driven by the success of the entire Bali range. The Services activity is exceptionally experiencing a drop in its invoicing, part of the resources of this division having been used to help the teams in the Boats division accelerate the pace of delivery of new boats.
Catana is counting on “good growth dynamics”, estimating that the multihull market as a whole “remains a solid segment of the global nautical sector since it very clearly responds to the new aspirations of boaters”.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% year-on-year. However, the activity of beauty and health (+ 5.2%) and specialized food (+ 3.5%) are dynamic compared to October 2021. Attendance at points of sale was very impacted by the problems fuel and unfavorable weather. Compared to October 2019, a 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 gap of four to five points.
There are several reasons for concern for the future. The players are experiencing a very significant jaws 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 in sales 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 emergency: cap the price of energy for 2023 and retroact on contracts already signed to prevent the rate of failures from accelerating.