Catana Group (CATG) Q3 23/24 TU earnings summary

Executive summary

• Nine-month revenue rose 16% year-over-year to €167.5M, driven by strong BALI range sales.

• Growth maintained despite market headwinds such as higher interest rates and economic uncertainty.

• Logistics and industrial operations have normalized after prior disruptions.

Financial highlights

• Boat segment revenue for nine months reached €163.7M, up from €139.5M year-over-year.

• Services segment revenue declined to €3.8M from €4.6M year-over-year.

• Third quarter total revenue was €61.8M, up from €49.2M in the prior year.

• Group expects full-year growth around 10% for 2023/2024.

Outlook and guidance

• Two new strategic models, BALI 5.8 and YOT 41, to launch in September 2024, expanding market reach.

• New factory in Aveiro, Portugal, to support motonautique segment growth by end of 2024.

• Commercial strategy shifting toward small and mid-sized rental clients, reducing reliance on large accounts.

• Financing solutions for small renters to be introduced, aiming to boost order potential.