Bénéteau
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Bénéteau (BEN) investor relations material

Bénéteau Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary4 May, 2026

Executive summary

  • Q1 2026 revenues reached €169.5m, up 30% year-over-year, with growth across all business segments and a boost from deferred US deliveries at end-2025.

  • Retail sales grew over 10% in Q1, driven by the success of 2025 model launches and strong Motor segment performance.

  • Order book remains solid despite a slowdown in order intake due to Middle East conflict; full-year outlook maintained, contingent on geopolitical improvement.

Financial highlights

  • Q1 2026 revenues: €169.5m vs. €130.3m in Q1 2025 (+30.1% reported, +34.5% at constant currency).

  • Motor segment revenues up 38% reported, 45.2% at constant currency; Sailing up 18% reported, 18.6% at constant currency.

  • Deferred deliveries from Q4 2025 contributed nearly €20m to Q1 2026 revenues.

  • North & Central America revenues up 115% at constant currency, over 30% excluding deferred deliveries.

Outlook and guidance

  • Full-year sales growth outlook maintained, subject to improvement in Middle East situation by end of H1 2026.

  • Plans to launch 24 new models in 2026 to support demand.

  • Measures being implemented to support operating margins amid geopolitical uncertainty.

Operating margin turnaround measures
Promotional intensity in Motor Yachting
Recovery of sales to charter professionals
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Q2 2026 TU27 Jul, 2026
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