(CercleFinance.com) – Fountaine Pajot reported ‘solid’ annual results and ‘favorable’ prospects on Friday, announcements which allowed its stock to progress on the Paris Stock Exchange.
The manufacturer of pleasure boats revealed this morning a gross operating surplus (EBE) of 39.9 million euros for its 2022/23 financial year, ended at the end of August, compared to 33.3 million euros one year previously.
The operating profit, before allocations to goodwill depreciation, amounted to 33.6 million euros, an increase of 30%, while the group’s share of net profit stood at 11.4 million euros, compared to 15.9 million a year earlier.
As of August 31, the cash flows generated by the activity reached 28.7 million euros.
The group also announced a favorable outlook, anticipating a new year of profitable growth in 2023/24.
Given its portfolio of on-board controls and its industrial organization deemed ‘efficient’, Fountaine Pajot ensures that it has good medium-term visibility.
Around 12:00 p.m., the stock recorded an increase of almost 3%, but still lost more than 7% over the whole year.