Turnover: EUR ()

Country: Spain

MB92, formerly Compositeworks, is a company specializing in the refit of luxury yachts.

MB92 is one of the world's leading superyacht refit groups, with over 25 years' experience in the sector. It has two shipyards:

  • - barcelona, Spain, where yachts weighing up to 4,800 tons and measuring up to 220 meters can be lifted

  • - la Ciotat, where construction of a boat elevator is due to start in 2020 to support loads of up to 4,000 tonnes. The unit has handled over 1,000 ships since its creation in 1998.

    D-Marin, a Turkish company belonging to the Dogus Group, has become the main investor in MB92, a further step in its strategy of controlling marinas in the Mediterranean.

Financial Data

DUNS: 423864651

Legal Name: MB92 LA CIOTAT

Address: 46 QUAI FRANCOIS MITTERRAND , 13600 LA CIOTAT

Number of employees: Entre 100 et 199 salariés (2021)

Capital: 11 175 000 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 67 009 418 53 443 975 63 490 503 42 319 405 49 066 685 45 276 293 -
Gross margin (€) 66 979 131 53 416 366 63 460 660 42 118 020 48 866 868 45 165 944 -
EBITDA (€) 5 361 557 2 511 821 4 877 534 1 395 273 1 974 889 3 103 331 -
Operating profit (€) 2 625 565 178 171 3 965 986 294 309 228 360 2 383 210 -
Net profit (€) 1 912 220 750 518 3 258 017 280 382 250 191 1 518 180 -
Turnover growth rate (%) 25,4 -15,8 50 32,9 8,4 - -
Ebitda margin rate (%) 8 4,7 7,7 3,3 4 6,9 -
Operating margin rate (%) 3,9 0,3 6,2 0,7 0,5 5,3 -
Working Capital (turnover days) -68,7 -131,8 -190,5 -19,4 -8,8 -10,8 -
Working Capital requirements (turnover days) -10 0,2 -4,4 -18,8 -4,3 33,8 -
Net margin (%) 2,9 1,4 5,1 0,7 0,5 3,4 -
Added value / Turnover (%) 24,5 22,6 24,2 23,3 19,4 22,1 -
Wages and social charges (€) 10 689 036 8 948 230 9 888 972 8 058 371 7 162 712 6 597 118 -
Salaries / Turnover (%) 16 16,7 15,6 19 14,6 14,6 -

Company Managers:

Position First Name Last Name Age Linkedin
Président Jean-marc Bolinger 53
Directeur général Robert, Jonathan Papworth 50

Studies mentioning this company

The ship repair market - France

Other companies mentioned:

  • Port de la Rochelle
  • Port de Concarneau
  • Normandie Refit
  • Atlantic Refit Center
  • Damen Shipyard
  • MB92
  • Navtis Groupe
  • Chantier naval de Marseille
  • Piriou
  • Chantier naval de Socoa
  • Vertica
  • Nautilia Groupe