Boating: Fountaine Pajot offers a new factory
Driven by the insolent growth of the sector, the boatyard Fountaine Pajot announced Wednesday the creation of a new industrial site in France. Thanks to the integration of Dufour Yachts, the Charente group has a large backlog, up 47% year on year at the end of December.
Nearly 11% at closing, at 102.5 euros! To say that the stock market Wednesday appreciated the balance and prospects of the Fountaine-Pajot nautical group is a euphemism. The integration of Dufour Yachts, bought in April 2018, carried out at a charge to implement the first synergies (joinery, engineering …) has already been partially reflected in the accounts.
For the 2017-2018 fiscal year, the Charente construction site announced a net profit up 63% to 10.3 million euros. It was generated thanks to a turnover of 176.8 million, up 73%. The number of boats produced is “about 600 units”. Before the boat show in Paris last month, the group said that Dufour Yachts could produce up to 400 boats annually, and Fountaine Pajot a little less than 250.
The future is looking good for the new number two in Europe. The order book is inflated: an increase of 47% over one year at the end of December, it amounts to 128 million. And the arrival of the new motor catamaran “MY 40”, which will be presented at the show in Dusseldorf this month, should maintain the trajectory, especially in export where the yard, in its new format, carries out 87% of its sales. At the end of the year, the shipyard will also launch a sailing catamaran, the New 45, and the Alegria 67, destined to become the flagship of the group.
Production will intensify thanks to a new industrial process per module. As part of the “Ocean 40” plan, which focuses on just-in-time supplies, the facilities will be able to produce between 40 and 60 more boats a year. Fountaine-Pajot, which claims the production of 3,000 vessels since 1976, has also announced the creation of a new factory, which represents an investment of 6 million euros. Located in Aigrefeuille (Charente-Maritime), this site of 6000 m2 will be used for the production of canvas or foam for the manufacture of composite materials for the realization of hulls. It will also house the production of carpentry panels for floors or partitions.
“This is a digital factory and its proximity to production lines has the advantage of limiting the transport of very bulky subassemblies”, explains Nicolas Gardies, CEO of the group. This new plant will employ 40 people at term. Nevertheless, for all of its activities, the group plans to hire 150 people per year. This integration should not have any consequences on the use of the sector. “I’m not worried about the activity of the subcontractors. The 34% growth in Fountaine-Pajot’s sales alone protects them. It’s their chance! “