Last night, Catana reported higher earnings for the first half of its 2022/2023 financial year, despite persistent supply chain constraints, particularly concerning engines.
The pleasure boat manufacturer generated net earnings of 9.9 million euros for the first six months of its offbeat financial year, compared with 8.2 million euros for the first half of 2021/2022.
While it notes that its business is now less disrupted by labor and parts shortages, the Canet-en-Roussillon-based group says it still faces difficulties in terms of engine supply.
Catana explains that its engine-maker partner is still unable to keep up with the pace of contractual deliveries, which maintains a 'strong inertia' in its delivery cycle.
Despite these constraints, which it says make it difficult to draw up forecasts, the group says it is already confident of achieving a high level of growth in the 2022/2023 financial year.
In view of the strength of its order book and the agreement reached with a second engine manufacturer, Catana expects double-digit growth for the 2024/2025 financial year.
Following this publication, Catana's share price was sluggish on Thursday morning on the Paris Bourse, down 0.5% by mid-morning.
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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 
