Fountain Paget: First Half 2021/22: Fountain Paget is a pioneer in the energy shift of pleasure-June 22, 2022 6:00 pm

  • Strengthening partnership with Alternatives Energies for carbon-free yachts

  • Aura 51, the first electric catamaran

  • Results for the second half of 2021/22: activity increased by 7%

  • 2021/22 Confidence reaffirmed for growth of over 10% in fiscal year

Fountaine Pajot Group, one of the world leaders in the manufacture of tour boats, provides up-to-date information on the progress of the Odysséa 2024 project and announces the results for the first half of this fiscal year (ends 31/08/22).

Strengthening partnership with Alternatives Energies

As part of the development of low-carbon yachts, the Fountaine Pajot Group will establish a strengthened partnership by acquiring a majority stake in Alternatives Energies with its historic partner, Managing Director and EVE Systems Julian Hélène.

Alternatives Energies benefits from years of experience in the development and integration of zero-emission or hybrid propulsion energy systems for navigation. , Alternatives Energies has continued to innovate to design clean, bespoke solutions for passenger and work vessels.

Through this participation, Fountaine Pajot is unmatched by Managing Director Julian Hélène and his team to provide Alternatives Énergies with access to the yacht market and accelerate their carbon-neutral Odyssey business project by 2030. I want to rely on my expertise.

In parallel with this acquisition, Fountaine Pajot has begun testing the first electric catamaran designed in collaboration with Alternatives Energies with electric motors that combine the expertise of Alternatives Energies and Fountaine Pajot. Thanks to this strategic partnership, Fountaine Pajot can provide customers with fully integrated electrical solutions such as engine blocks, battery banks, power blocks, and integrated and integrated management of in-vehicle and power equipment. This boat will be unveiled at the Cannes Boat Show for the first time in the world. Our goal is to gradually complete the offer to meet the strong expectations of our customers.

Philippe Pallude La Barrière, founder of Alternatives Energies, and Julian Hélène, Managing Director, declared:

The acquisition of shares by Fountaine Pajot is a great expansion and acceleration thanks to the pioneering development that has been undertaken for more than 20 years for cleaner and less radioactive navigation, thanks to the industrial vision and complementary projects. It represents an opportunity.

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Mathieu Fountaine, Deputy CEO of Fountaine Pajot, said:

We are very proud to be able to partner with Alternatives Energies and are very enthusiastic about this technical partnership. This collaboration fully reflects our ambition to be a pioneer in environmental migration in the nautical industry.

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Results for the first half of 2021/22

Key financial data for the first half of 2021/22 (September 1, 2009-February 28, 2010) was approved by the Board of Directors on June 17, 2022.

K € data-(French standard)

February 28, 2022

6 months

February 28, 2021

6 months

turn over

90,577

84,765

Total operating surplus

12,885

13,165

Business results

8,955

8,176

Consolidated net income

5,138

(154)

Net income attributable to the group

5,655

536


The Fountaine Pajot Group recorded revenues of € 90.6 million in the first half of fiscal year 2021/22, up 7% year-on-year. The latest launches in both the catamaran segment (Elba 45, Samana 59, Alegria 67) and the monohull segment (Dufour 390 and Dufour 470) are driving the group’s growth during this period.

In the first half of 2021/22, EBITDA reached € 12.9 million from € 13.2 million in the year-ago quarter due to inflationary pressures on raw materials and supply shortages.

Operating income increased 9.6% year-on-year to € 9 million, with net income and group share improving significantly to € 5.7 million. To be on the safe side, exceptional items with no cash effect affected the Group’s net income in the first half of 2020/21.

Very solid financial structure

At K €

02/28/22

08/31/21

At K €

02/28/22

08/31/21

Fixed asset

82,281

82,091

Equity

64,745

62,690

stock

45,044

25,512

Reserves and deferred taxes

9,027

8,997

Accounts receivable and other accounts receivable

6,469

7,024

Financial debt

31,647

34,725

availability

131,650

104,003

accounts payable

24,708

15,090

Total assets

265,444

218,631

Other debt

135,317

97 129

Total debt

265,444

218,631


Fountaine Pajot showed on February 28, 2022 a favorable change in working capital requirements of € 28.9 million given the positive cash flow of € 9.7 million and the high level of down payment received on orders. Generated positive operating cash flow of € 38.4 million. Increased inventory expects orders to be delivered in the second half of the year.

The investment during the period was € 4.7 million and is related to the electric catamaran designed in collaboration with Fountaine Pajot’s Aura 51, Alternatives Énergies, Dufour’s D32 and other models.

Thus, at the end of February 2022, the Fountaine Pajot Group presented a strengthened financial structure that allows it to calmly pursue the development of its value creation.

2021/22 outlook, + 10% growth expected

Due to the commercial momentum and strong visibility of purchase orders observed in the first half of the fiscal year, we expect + 10% sales growth compared to the fiscal year (ending August 31, 2022). New Models-The motor yacht series Tanna 47, MY 4S was named Best Power Cat of the Year by the magazine Multihull Mag, and the new Monohull, Dufour 32, was selected by the award-winning “2022 Yacht”. Boyle magazine.

Finally, Fountaine Pajot continues its ambitious recruitment program, with more than 100 new hires joining the group during the year.


Communication schedule

Annual sales 2021/22

Mid-October 2022 (after marketing)



About Fountaine Pajot

Founded by Jean-Francois Fontaine and Yves Pajo in 1976, the iconic brand FOUNTAINE PAJOT began producing catamaran for the general public in 1983.FOUNTAIN EPAJOT is delivered in more than 45 models due to our unique know-how in designing and manufacturing catamarans that are durable and comfortable.

3,000 catamaran around the world. Following the merger of FOUNTAIN EPAJOT and Dufour Yachts, the group will provide a complete and updated range of catamarans and monohulls. In the 2020/21 fiscal year (as of August 31, 2021), the FOUNTAIN EPAJOT Group recorded revenues of € 202.3 million.

Euronext Glow Parry-ISIN: FR0010485268-Ticker: ALFPC-PEA / PME Eligible


Fountain Paget


Helene de Fontainieu

Communication director

like that. : 05 46 35 70 40

News Finance & Communication


Corinne Puissant / Analyst Relations / Investor

[email protected]/Tel. 01 53 67 36 77

Manon Cleret / Press Relations

[email protected]/Tel. 01 53 67 36 73


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