(AOF) – Catana Group announces a net profit group share up 21% to 19.3 million euros for the 2022/2023 financial year compared to 15.9 million euros a year ago, for an activity up 39% to 207.3 million euros. The group specializing in the design, construction and marketing of pleasure vessels adds that at the next General Meeting on February 29, 2024, the payment of a dividend of 0.15 euros per share will be proposed.
Catana Group affirms that it “has just achieved a doubling of its activity in the space of two financial years, taking advantage of the post-health crisis improvement and clearly strengthening its position on the global market for pleasure catamarans”.
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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.