Paris January 16, 2014 - Fountaine Pajot , a world leading manufacturer of cruising catamarans announces its results for the year 2012/2013 ( 1 September 2012 to 31 August 2013 ) .
Key financial data , adopted by the Board of Directors are as follows :
| En K€ | 2012/2013 | 2011/2012 |
| Chiffre d'affaires | 40 726 | 38 402 |
| Excédent Brut d'exploitation* EBE/CA |
3 614 8,9% |
3 627 9,5% |
| Résultat d'exploitation* | 561 | 141 |
| Résultat courant avant impôts* | 430 | (119) |
| Résultat net | 541 | 801 |
A third consecutive year of growth : +6.1%
The activity of the year 2012/2013 was mainly driven by the main segment, boosted by the success of the new model Hélia 44, a reference in cruising catamarans . The turnover of this segment grew by 29.3% with a level of activity to € 27.2 million , or 67% of total sales volume.
Upmarket continues and the acceptance of new flagship models, the Cumberland LC 47 and 67 Victoria , can anticipate an increase in this segment of the financial year.
In this respect, the new flagship , Victoria 67, first sailing catamaran range enjoying a large and real Flybridge boat was elected in 2014 in its category by the American magazine Sail Magazine.
Improvement in operating profit and net profit before tax
The EBITDA amounted to € 3.6 million. This level of performance stable over the period , reflecting a level of experience not yet reached a large number of new model launches as veil that engine with Helia 44, Victoria 67 and Cumberland 47LC .
In addition, increased activity , with better coverage of fixed costs led to a growth in operating income , which amounted to € 561 K , an improvement of € 420 K compared to the previous year . Adjusted earnings before tax improved significantly ( 549 K € ) to 430 K € . Net income reached € 541 K to 31 August 2013 , after consideration of a payment to come from 572 K € of participation and profit-sharing .
Improving the level of cash
| En K€ | 31/08/2013 | 31/08/2012 |
| Immobilisations | 9 782 | 11 038 |
| Stocks | 9 575 | 9 444 |
| Créances clients et autres créances | 8 188 | 4 380 |
| Trésorerie | 1 768 | 1 093 |
| TOTAL ACTIF | 29 315 | 25 955 |
| Capitaux propres | 14 833 | 15 522 |
| Provisions | 1 510 | 1 672 |
| Dettes financières | 1 692 | 1 895 |
| Dettes fournisseurs et comptes rattachés | 4 276 | 2 843 |
| Autres dettes | 7 004 | 4 023 |
| TOTAL PASSIF | 29 315 | 25 955 |
The cash flow of the company appears positive at € 2.0 million at August 31, 2013. Fountaine Pajot and exudes a positive operating profit of € 2.6 million against € 2.4 million at August 31, 2012 cash flows.
At the end of August 2013 , with € capital or 50% of total assets and net cash 14.8 million , the Group strengthened its financial structure to thereby finance its future growth.
Outlook 2013/2014
The results of the year 2012/2013 show the relevance of corporate strategy deployed and confirm the position as leader of Fountaine Pajot catamaran cruise .
80% of the company's activities depend on foreign markets. The strongest growth occurred in North America (+11%) , Europe of contrasting figures between countries with , in the end, some stability.
The French market go down 4 % and now represents only 20% of sales from the manufacturer. The trade fair in Düsseldorf , which opened this weekend , should give the pulse of northern and central Europe. Consequence of this development , the international network muscle, with new representations , as in Chile, for example , and increased demands for services .
For 2013/2014 , Fountaine Pajot plans to increase its growth and improve its economic performance based on a policy of constant innovation , both motor and sail in the expansion of its network.
Two new catamarans and a new Motor Yacht were presented at the Paris Boat Show
Fountaine Pajot presented at the Paris Motor Show , the new version of Lipari 41 Evolution and unveiled its new model Saba 50, whose first models will be delivered in the year.
In addition, were presented the new generation of its Summerland 40 power catamaran that is seen with a new square, large bay hull and a more contemporary design.
Convinced of the growth potential of the motor catamaran , " 30 to 40% more fuel efficient than the simple monocoque " specialty Fountaine Pajot Motor Yachts, Jean- François Fountaine , CEO , and Nicolas Gardies , Chief Operating Officer , want to implement an ambitious plan, called Sail & Power in 2016 , which is to create eight new models with a budget of € 7 million over 3 years , plus 2.5 million for marketing.
A redefinition of governance is also expected after the general meeting on 19 February.
Contacts :
Fountaine Pajot / Hélène de FONTAINIEU
Directrice de la communication / E-mail : helene.de.fontainieu@fountaine-pajot.com
By press release
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