Catana suffered one of the biggest declines on the Paris market on Tuesday, after warning that persistent disruptions in engine supply were preventing it from taking full advantage of its dynamic order intake.
At around 11:30 a.m., the yacht specialist's share price was down 6.8%, while the SBF 120 index was up 0.4%. Despite this decline, the share is still up over 16% since the start of the year.
The Canet-en-Roussillon-based group last night reported sales of €94.6 million for the first half of its 2022-2023 financial year, compared with €70.9 million a year earlier, representing growth of 33%.
While Catana claims to benefit from an "excellent" order book, consisting mainly of new yacht sales, it also acknowledges that engine supply currently remains a point of difficulty.
The company explains that its engine-maker partner is still unable to keep up with contractual deliveries, which maintains a 'strong inertia' in its own delivery cycle.
Against this background, Catana says it remains 'cautious' about its financial forecasts for the current financial year, even though it expects 'significant' growth, once again well ahead of market growth.
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Catana Group specializes in the design, construction and marketing of luxury pleasure boats. The group also operates the concession of a harbor located in the department of Var (Port Pin Rolland). Net sales break down by activity as follows:
- sale of boats (96.7%): luxury catamarans (Catana, Bali and Catspace brands);
- services (3.3%): work carried out on boats (refitting, repairs, maintenance work, etc.), hire of boat-mooring places and security services (400 mooring spaces and 500 on-land storage spaces), boat hire, etc.
Net sales are distributed geographically as follows: France (25.9%), Turkey (11.5%), United States (14.8%), Italy (6%), Greece (5.2%), Mauritius (4.6%), Spain ( 3.9%), and others (28.1%).
CATANA GROUP 
