(News Bulletin 247) – The catamaran specialist revealed double-digit growth at the end of its first half of 2023-2024. A service which reassures the market to the extent that Catana says it is operating in a more wait-and-see market context.

The last two years have been favorable to Catana. The catamaran manufacturer had benefited from strong demand for its products which allow escape into a health bubble, the pandemic having reinforced the attractiveness of its offers.

The group had then exceeded 200 million euros in turnover in 2022-2023, but the rest of the accounts bore the scars of the effects of inflationary tensions. Alongside this publication, Catana had also warned the market that it was noting a slowdown in demand, and spoke of a “business climate which has gradually become more complex”.

However, Catana managed to thwart the economic storms in the first half of its 2023-2024 financial year, which ended at the end of February. The catamaran specialist indicated on Wednesday evening that it was showing growth of 10% in its activity over one year at mid-year, reaching 104.55 million euros.

“Online” growth

Catana argues that this growth was “in line” with its expectations and it took place in a “more wait-and-see market context after several years of euphoria”, the group based in Canet-en-Roussillon also emphasizes. In detail, the former Poncin Yachts, which renamed itself Catana Group in 2014 in the catamaran segment, explains having benefited from a “constant appeal of the Bali catamaran range”.

Catana adds that large boats, whose sales price exceeds a million euros, are “very widely popular” while “smaller units seem to suffer more”.

A less buoyant market context “is not illogical” according to the shipyard, given the euphoric growth that occurred after the Covid period. This situation is therefore similar to market regulation, but the “current trend in the evolution of interest rates” is a “first more favorable indicator”.

In this context, the group has not provided the market with quantified forecasts for the current financial year. Catana confirms “its dynamics and agility in a market undergoing regulation”. The company also says it is “continuing its plan to conquer the high-potential segments of the multihull market”.

Catana Group will enrich its Bali range “from the start of the next school year”, with the marketing of a new multihull, the Bali 5.8. This multihull is already hitting the mark since this new premium model “already has a promising order book, confirming the good health of the large size segment”.

The company also set a foot in the powerboating segment, with the presentation of its first outboard model from the new YOT brand, the YOT 36. A model, which according to the group, allows it “to validate its development strategy in the powerboat segment, before attacking the American market next fall.

On the Paris Stock Exchange, the market appreciates the latest milestone from the catamaran specialist. Catana shares rebounded by 15.1% to 4.88 euros this Thursday around 11:45 a.m.