(CercleFinance.com) – The manufacturer of pleasure boats Catana announced on Tuesday a 70% increase in its operating profit over the past financial year, while reporting “excellent” visibility for the coming months.
The Canet-en-Roussillon-based group generated operating profit of 23.8 million euros in its 2021/2022 financial year, compared to 14 million a year earlier, on the basis of an increase in turnover of 46% to 148.6 million euros.
Despite an industrial context deemed ‘degraded’ due to shortages of parts and labour, the group explains that the vast majority of increases in raw materials have been passed on to the selling prices of its catamarans.
With an order portfolio of more than 500 million euros, Catana confirms its prospects for double-digit profitable growth for the next two years, thanks to visibility that remains “excellent” in its own words.
If he prefers not to communicate numerical forecasts for the new financial year, the company says it expects continued profitable double-digit growth over the next two years.
In this context, the group plans to propose to its next general meeting the payment of a dividend of 4.6 million euros, or 0.15 euro per share, for the past financial year, i.e. an increase of 15 % compared to the previous financial year.
Following all these announcements, the action rose by 6% on Tuesday morning on the Paris Stock Exchange.