Catana Group (CATG) Q4 23/24 TU earnings summary

Executive summary

• Achieved 10.1% annual revenue growth for 2023/2024, closing a decade of strong expansion with a CAGR of 20% since 2014.

• Growth driven by new boat sales, representing 98% of activity, despite significant order cancellations from professional rental clients.

• Maintains a deep order book, benefiting from high demand in 2021-2022 and the popularity of the BALI range.

Financial highlights

• Annual revenue reached €228.4 million for 2023/2024, up from €207.4 million in 2022/2023.

• Boat sales grew over 12% year-over-year; services revenue declined.

• Revenue has increased from €34 million in 2014 to €228 million in 2024.

Outlook and guidance

• No specific guidance for 2024/2025 due to limited visibility; updated outlook expected after H1.

• Anticipates continued but slower market growth and delayed visibility for 2024/2025.

• Multiple growth drivers identified for the medium term, including entry into the powerboat segment and expansion of the BALI and CATANA ranges.