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Bénéteau (BEN) investor relations material
Bénéteau Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary3 Nov, 2025
Executive summary
Q3 revenues reached €170.6m, down 3% at constant exchange rates, showing improvement after a 27% contraction in H1 2025.
Order intake surged 33% in Q3, with new model launches driving demand despite a challenging macroeconomic environment.
Dealer inventories stabilized, supporting a gradual return to revenue growth in upcoming quarters.
Financial highlights
Nine-month revenues totaled €574.4m, a 22% decrease year-over-year.
Q3 2025 revenues declined 4.9% year-over-year; Motor segment up 23%, Sailing segment down 36%.
North America saw an 8% increase in activity at constant exchange rates, while Europe declined 2.5%.
Outlook and guidance
Q4 2025 revenues are forecasted at around €300m, similar to Q4 2024.
Income from ordinary operations expected to be positive in H2 2025, partially offsetting H1 losses.
Gradual recovery anticipated, with new product launches and higher promotional intensity in cautious markets.
US tariffs impact on imported yacht demand
Your Boat Club's path to profitability
New models' impact on order intake
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Q4 2025 TU9 Feb, 2026
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Frequently asked questions
Bénéteau S.A. is a French company specializing in the design, manufacture, and sale of recreational boats and leisure homes. The company's marine division produces a wide range of sailing yachts, motorboats, and luxury vessels for the global market, serving both individual and commercial customers. Bénéteau's housing division focuses on the development of mobile and modular homes, catering to the leisure and tourism sectors. Known for its diverse portfolio of brands, the company targets various segments of the boating and hospitality industries. The company is headquartered in Saint-Gilles-Croix-de-Vie, France, and its shares are listed on the Euronext Paris.
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