2017-18 half-year earnings: good level of business

In a market that has seen positive trends since the autumn shows, the Group's revenues are up +10.5% (constant exchange rates) for the first half of FY 2017-18 thanks to a good level of business and robust growth across both the Boat and the Housing divisions.

The progress made with earnings reflects the strong level of business and the Leisure Homes activity's effective operational performance on buoyant markets. The Boat Division is reporting a 1-point improvement in operational profitability, but its earnings have been penalized by a negative EUR/USD exchange effect of €5.4m, partially offset in financial income and expenses for the first half of the year through currency hedging (+€4.9m).

At February 28, 2018, the order book for the Boat business is up +15.2% at constant exchange rates.

As billing is concentrated primarily over the second half of the year, income from ordinary operations is negative at the end of the first half of this year, as expected in line with previous years, while the net income breaks even.

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The half-year activity report will be available from April 27, 2018 on this webpage.