(CercleFinance.com) – The action of the manufacturer of catamarans and monohulls Fountaine Pajot fell sharply on the Paris Stock Exchange on Tuesday following the publication of solid half-year results, which favored profit taking after its strong increase in last months.
The group announced this morning that it had achieved a “good first half of 2022/23” with dynamic growth of 23% in its turnover, which reached 111.4 million euros, driven in particular by the latest launches.
Its operating income amounted to 10.7 million euros, up 19.1% year-on-year, for a sharp improvement in net income group share to 7.8 million euros. euros against 5.1 million a year earlier.
Given the level of activity for this first part of the financial year, the good level of orders to be delivered and the accelerating production rates, Fountaine Pajot says it anticipates another year of growth, higher than that of 2021/22.
Given the sustained performance of the share price in recent months, however, there was some profit taking this morning, as the stock has gained more than 18% since the beginning of April.
In early June, Portzamparc analysts included the catamaran manufacturer in their list of preferred mid-caps (‘High Five’), notably putting a valuation lower than those of its peers.
The title is currently dropping 3.3% in a Parisian market in slight decline (-0.3%).
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