All articles by Arlene Sloan – Page 10
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NewsIncrease in European retaliatory tariff looms
American boating industry urges Washington to intercede with the European Union to avoid further penalties on US boat and engine exports
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NewsNimbus boat group posts strong Q1
Sweden’s newest publicly-traded marine company, Nimbus boat group reported strong results for the builder’s first 2021 financial quarter, supported by a rebound in the European market
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NewsBrunswick enters electric propulsion segment
The marine industry’s largest player will introduce five electric propulsion systems (the first in 2022), along with electric boats in four segments by 2023, and its first Advanced Driver Assistance System (ADAS) later this year.
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ArticleBrunswick enters electric propulsion segment
The marine industry’s largest player will introduce five electric propulsion systems (the first in 2022), along with electric boats in four segments by 2023, and its first Advanced Driver Assistance System (ADAS) later this year.
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NewsGrand Banks business update; new shutdown
Malyasia-based yacht builder Grand Banks reported an increase in revenues and significant uplift in profitability for its third quarter ending 31 March; production suspended this week due to new Covid outbreak
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NewsAmazon CEO Bezos to become world’s richest yacht owner
Jeff Bezos has reputedly commissioned a 127m megayacht
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NewsSanlorenzo revenues up 20.5% in Q1
Italian luxury yacht builder, Sanlorenzo reported improved Q1 revenues and profitability, while issuing full-year guidance for double-digit growth along with details on new segments the builder will be entering in 2022; acquisitions are on the agenda as well
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NewsMarineMax acquires US boatbuilder
The industry’s largest boat and yacht retailer, MarineMax, announced the purchase of its first boatbuilding company, US-based Cruisers Yachts
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NewsEquipment maker Lippert acquires German company
Described as part of its broader European strategy, US based Lippert Components has established a new subsidiary in Germany and added German supplier Schaudt to the fold
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NewsBrunswick: “Fantastic start to 2021”
In a wave of positive first quarter financial results, it’s hard to find new superlatives to describe unprecedented boating industry growth: today US boating leader Brunswick reports nearly 50% increase in revenues and builds more than 9,400 boats in Q1
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NewsVolvo-Daimler to make hydrogen fuel cells in Europe
Sweden’s Volvo Group and Germany’s Daimler AG announced today they will start developing, producing and commercialising fuel cells in Europe by 2025 via their joint venture – ’cellcentric’ – and called for EU policies to help make zero-emission technology commercially viable
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NewsPolaris touts unprecedented Q1 demand
US based Polaris Inc. – producing outdoor on and off-road vehicles including snowmobiles, motorcycles and boats in the deck and pontoon segment – exceeded expectations in its first quarter despite substantial supply chain challenges.
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NewsFountaine-Pajot projects double-digit growth
France’s second largest boat builder, Fountaine Pajot, reported results for the first half of fiscal 2021 and is optimistic for the remainder of the year
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NewsBoat sales up 19% in Catana’s first half
The Catana Group, French builder of the Catana and Bali catamaran ranges, confirmed its growth target for fiscal 2021 with a strong order book
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NewsMarine sector adds to record Q1 at Dometic
Sweden’s Dometic Group reported a record start to 2021 despite supply chain challenges, and provided details on latest acquisition
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NewsJapan’s first boat show since Covid outbreak proceeds
International boat brands were well-represented at the in-water portion of the 60th edition of Japan’s International Boat Show, held last week
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NewsVolvo Penta sees strong orders in Q1
Strong profitability and market demand highlighted Swedish engine maker Volvo Penta’s first quarter in 2021, along with continued supply chain disruption
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NewsFerretti reports record-breaking quarter
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NewsSanlorenzo shareholders approve €10million dividend
The Ordinary Shareholders’ Meeting of Sanlorenzo SpA was held today under the chairmanship of Massimo Perotti, approving the company’s financial statements for fiscal year 2020 as well as distribution of of a dividend of €0.30 per share, gross of withholding tax, for a total amount of €10.3 million. Perotti, Chairman ...
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