Catana Group (CATG) Q1 24/25 TU earnings summary

Executive summary

• Q1 2024/2025 sales declined 19% year-over-year to €37.8m, reflecting market normalization after post-COVID highs.

• Order intake improved compared to the same period last year, supported by pricing adjustments and a healthy stock position.

• The Group is accelerating its long-term development plan, including expansion into the powerboat and large yacht segments.

Financial highlights

• Boat sales fell 20% year-over-year to €36.7m; services sales rose 5% to €1.0m.

• The reduction in boat sales is attributed to market regulation and strategic price adjustments.

• Despite lower sales, profitability is expected to remain comfortable due to a low breakeven point.

Outlook and guidance

• Order intake at autumn 2024 boat shows is up significantly year-over-year, indicating market stabilization.

• The market is expected to regain depth gradually, with stronger effects anticipated in 2025/2026.

• No precise business target for 2025 yet, but confidence remains in maintaining profitability.