Catana Group: 9-Month Revenue Down by 7%, Production Affected in Canet
On July 15, 2026, Catana Group reported a nine-month revenue marked by a 21% decrease in new boat sales activity, excluding an exceptional stock disposal. The group also faces consequences from the fire on July 2 in Canet-en-Roussillon, which destroyed two buildings housing the assembly lines for the BALI 5.8 and CATANA OC 50, as well as six boats worth over €9M. Catana continues its strategic plan for 2030 and indicates that its insurance coverage should limit the financial impact of the disaster.
Boat Activity Falls 21% Excluding Exceptional Stock Disposal
Over the first nine months of the 2025-2026 fiscal year, Catana Group's total revenue amounted to €119.5M, compared to €128.4M in the same period of the previous year, a decline of 7%. Excluding an exceptional stock disposal of €17.0M related to the ERP change and without margin impact, the ordinary revenue from boats reached €97.7M, down from €124.3M a year earlier, marking a 21% decrease. Services, meanwhile, increased to €4.8M from €4.1M. The group attributes this adjustment to a market disrupted for four years by wars and U.S. economic policies, which would affect the leisure clientele. However, Catana believes that recent commercial sequences could signal an end to the downward cycle, a hypothesis that upcoming boat shows will need to confirm.
Fire Destroys Two Buildings and Significantly Reduces Production Capacity
On July 2, 2026, a severe fire, facilitated by drought and strong winds according to the group, struck the nautical hub of Canet-en-Roussillon. Two buildings were destroyed, severely impacting the production capabilities of the site and the assembly lines for the BALI 5.8 and CATANA OC 50. Six boats were also destroyed, valued at over €9M. However, the polyester parts manufacturing building, all molds, and four small secondary semi-rigid buildings were preserved. Less than a week after the disaster, initial teams returned to the site to prepare for the delivery of boats that had already left the production lines and remained intact. Nevertheless, the production capacity for the BALI 5.8 and CATANA OC 50 is expected to remain significantly reduced for the time being. Catana indicates it has insurance coverage for material damages and operational losses, the amount of which is yet to be determined. According to the group, the disaster will have a negligible impact on the 2025-2026 accounts and is not expected to cause major impact in 2026-2027.
Catana Plans to Rebuild in the Canet-en-Roussillon Extension Zone
Catana plans to rebuild its production capacities not on the damaged site, but in the SPL2 extension zone of the Canet-en-Roussillon nautical hub, where the group had already decided to build a new factory. In the meantime, the group intends to resume production as quickly as possible by relying on the preserved buildings, possibly supplemented by modular buildings. The goal is to avoid a lost year for the affected models during the 2026-2027 fiscal year. According to Catana, this solution is unanimously supported by the Region, the Perpignan Agglomeration Community, the Canet-en-Roussillon City Hall, and the CCI. The group also hopes to receive state support to reduce the administrative delays necessary to start construction. Concurrently, Catana continues its strategic plan for 2030. The YOT 53, which marks the group's entry into the market of inhabitable inboard motor catamarans, is to be presented at the Cannes show in September 2026. The launch of the BALI 7.0 remains scheduled for early 2027, with a commercial launch planned for the Cannes 2027 show.
