Groupe Beneteau reported revenues of €171m for the third quarter of 2025, down 3 per cent at constant exchange rates, following a 27 per cent contraction during the first half of the year.
Order intake increased by 33 per cent during the quarter, supported by the company’s strategy to accelerate new model launches despite a challenging macroeconomic environment. Fourth-quarter revenues are forecast to reach around €300m, compared with €298m in Q4 2024, with a return to profitability expected in the second half of the year.
“In a market context that is still challenging, the strategy to accelerate our launches of new models is delivering results,” says Bruno Thivoyon, chairman of the executive board at Groupe Beneteau.
“Order intake levels, which have increased significantly since the start of the year, are now once again higher than sales. While dealer inventories have normalised, this turnaround in our commercial development will gradually pave the way for a resumption of growth in revenues as expected over the coming quarters.”
Q3 revenues reflect stabilising inventory levels within distribution networks, after a reduction of more than €30m in Q3 2024.
The motor division recorded a 23 per cent increase in sales at constant exchange rates, following a year-earlier period affected by destocking. The Prestige brand’s multihull models continued to perform well, alongside the Beneteau Swift Trawler 54, introduced at the 2024 Cannes show. In the Dayboating segment, sales were supported by large models such as Jeanneau’s Merry Fisher 1295 and Wellcraft’s 38 T-Top.
In contrast, the sailing division reported a 36 per cent decline, reflecting reduced demand from charter professionals and lower activity in the monohull sailing segment, where deliveries were halved. The multihull range saw stronger performance, led by models such as the Lagoon 43, Excess 13 and Lagoon 38.
By region, North America showed an 8 per cent increase at constant exchange rates, reflecting stabilising inventory levels, particularly in dayboating. In Europe, a region with a high concentration of sailing models, growth in motorboat sales did not offset reduced demand for sailing units. Sales in other regions declined by 20 per cent at constant exchange rates.
Order intake for the third quarter was driven by 23 new models unveiled at the Cannes show, which accounted for about one-third of all orders received since the start of the year. New models such as the Beneteau First 30, Swift Trawler 37 and Prestige F4.3 contributed to the expansion of more accessible product ranges, while the Beneteau Oceanis 47 and 52, the Gran Turismo range and the Prestige M7 reinforced the company’s premium offering.
The group says it expects a gradual recovery in sales over the coming quarters, supported by new product launches and a stabilising market. The Paris Nautic boat show, running from 26 to 30 November 2025, followed by the Düsseldorf and Miami shows in early 2026, will provide further insight into demand trends for the 2025-2026 season.
The company has also advanced its services strategy with the acquisition of BMS, which is expected to contribute €3m in annual revenue in 2025 and strengthen Beneteau’s premium support offering for owners of larger units. In the United States, Your Boat Club, 49 per cent owned by the group, remains under review as it continues to face profitability challenges.
Groupe Beneteau will publish its fourth-quarter results on 9 February 2026 and full-year results on 18 March 2026.
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