(AOF) – Over the 2021/22 financial year, ending at the end of August, Fountaine Pajot’s net income group share improved sharply to 15.9 million euros against 11.6 million euros in 2020/21. The catamaran specialist’s gross operating profit came to 33.4 million euros, compared to 32.9 million euros a year earlier, “impacted by the price increases of purchases, partly offset by a repercussion in boat rates”. The group posted a margin of 15.2% against 16.2% a year earlier.
Turnover increased by 8.7% to 219.9 million euros, “hampered by tensions (supplies and recruitment)”. Business momentum was driven by international sales and the return of sales to professional rental companies.
“The quality and depth of the order book allow us to anticipate a new year of sales growth”, indicates the catamaran specialist about its 2022-2023 financial year.
In addition, Fountaine Pajot is preparing for the summer of 2023, the extension of its range with a new 80-foot flagship. Finally, to support the Group’s growth, recruitment actions are reinforced with the aim of welcoming 150 new employees. The subcontracting partnership concluded with Couach also increases the capacities available for the manufacture of boats.
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World tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a strong level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations recorded notable increases in receipts, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.