FOUNTAINE PAJOT: FIRST HALF 2021/22: FOUNTAINE PAJOT A PRECURSOR OF THE ENERGY TRANSITION OF PLEASURE – 06/22/2022 at 6:00 pm

• Strengthened partnership with Alternatives Energies, for carbon-free yachting
  

• Aura 51, the first electric catamaran
  

• 2021/22 half-year results: activity up 7%
  

• Confidence reaffirmed in growth above 10% over the 2021/22 financial year
  

The Fountaine Pajot Group, one of the world leaders in the manufacture of pleasure boats, provides an update on the developments of its Odysséa2024 plan and announces its first-half results for the current financial year (closing on 31/08/22).

Strengthened partnership with Alternatives Energies

As part of its development for low-carbon yachting, the Fountaine Pajot Group seals a strengthened partnership by taking a majority stake in Alternatives Energies alongside Julian Hélène, Managing Director and EVE System, historical partner.

Alternatives Energies benefits from long experience in the development and integration of zero-emission or hybrid propulsion-energy systems for navigation: electro-solar-powered tourist ferryboats and shuttles, multi-mission barges with hybrid technology, hydrogen autonomy… For more than 20 years, Alternatives Energies has been innovating to design clean and tailor-made solutions for passenger boats and work ships.

Through this participation, Fountaine Pajot wishes to give Alternatives Énergies access to the yachting market and to rely on the incomparable expertise of Julian Hélène, Managing Director and his teams, to accelerate its Odyssea business project, which aims to carbon neutrality by 2030.

In parallel with this acquisition, Fountaine Pajot began testing its first electric catamaran designed in collaboration with Alternatives Energies: the Aura 51, equipped with an electric motor incorporating the combined expertise of Alternatives Energies and Fountaine Pajot. Thanks to this strategic partnership, Fountaine Pajot is able to offer a complete and fully integrated electrical solution to its customers: engine block, battery bank, power block, integrated and combined management of on-board and power equipment. This boat will be presented in world premiere at the Cannes boat show. The Group’s ambition is to gradually complete its offer to meet strong customer expectations.

Philippe Pallu de La Barrière, founder of Alternatives Energies and Julian Hélène, Managing Director declared: ”

Fountaine Pajot’s acquisition of a stake represents a tremendous opportunity to extend and accelerate, thanks to an industrial vision and complementary projects, the pioneering developments that we have been carrying out for more than 20 years for cleaner and less emissive navigation.

»

Mathieu Fountaine, Deputy CEO of Fountaine Pajot added: “

We are very proud to be able to partner with Alternatives Energies and very enthusiastic about this technical partnership. This collaboration perfectly reflects our ambition to become a pioneer of the environmental transition in the nautical industry.

. »

2021/22 half-year results

The main financial data for the first half of 2021/22 (from 09/01/21 to 02/28/22) was approved by the Board of Directors at its meeting of June 17, 2022.

The Fountaine Pajot Group recorded revenue of €90.6 million in the first half of the 2021/22 financial year, up 7% year-on-year. The latest launches, both in the catamaran segment (Elba 45, Samana 59 and Alegria 67) and in the monohull segment (Dufour 390 and Dufour 470) are driving the Group’s growth over this period.

EBITDA for the first half of 2021/22 amounted to €12.9 million, compared to €13.2 million a year earlier, impacted by inflationary pressures on raw materials and supply difficulties.

Operating income was €9 million, up 9.6% compared to the same period last year, and net income, Group share improved sharply to €5.7 million. As a reminder, exceptional items with no cash effect had impacted the net income Group share for the first half of 2020/21.

A very solid financial structure

Fountaine Pajot presents on February 28, 2022 a positive cash flow of €9.7 million and a favorable change in working capital requirement of €28.9 million given the good level of down payments received on orders, generating positive operating cash flow of €38.4 million. The increase in inventories anticipates orders to be delivered in the second half of the year.

Investments over the period amounted to €4.7 million and related to the Aura 51 at Fountaine Pajot, an electric catamaran designed in collaboration with Alternatives Énergies, the D32 at Dufour and other models in preparation.

Thus, at the end of February 2022, the Fountaine Pajot Group displayed a strengthened financial structure allowing it to calmly pursue its value-creating development.

2021/22 outlook, growth expected at +10%

The commercial momentum observed in this first part of the financial year and the strong visibility of the order book make it possible to anticipate another year of sales growth of +10% over the financial year (closing on August 31, 2022) which will benefit from the new models – the Tanna 47, the MY 4S, in the Motor Yachts range voted best Powercat of the year by the magazine Multihull Mag, and the new monohull, the Dufour 32, award-winning “sailboat of the year 2022”, by Voile Magazine.

Finally, Fountaine Pajot is continuing its ambitious recruitment program with more than 100 new employees who will have joined the Group during the year.

Communication schedule

About Fountaine Pajot

Founded in 1976 by Jean-François Fountaine and Yves Pajot, FOUNTAINE PAJOT, an emblematic brand, began producing catamarans for the general public in 1983. With unique know-how in the design and manufacture of seaworthy and comfortable catamarans , FOUNTAINE PAJOT has created more than 45 models and delivered

3,000 catamarans worldwide. Following the merger between FOUNTAINE PAJOT and Dufour Yachts, the Group offers a complete and renewed range of catamarans and monohulls. Over the 2020/21 financial year (as of August 31, 2021), the FOUNTAINE PAJOT Group recorded revenue of €202.3 million.

Euronext Growth Paris – ISIN: FR0010485268 – Ticker: ALFPC – PEA/PME eligible

© Copyright Actusnews Wire

Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com