All articles by Arlene Sloan – Page 11
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NewsAkzoNobel posts strong Q1 2021
The paint and coatings specialist is the market leader in Marine and Yacht Coatings, providing further detail on performance of the sector in the latest results
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NewsComponent supplier Patrick Industries to refinance debt
American equipment and component supplier Patrick Industries has announced a private offering of $350 million of senior debt notes; investor presentation details the company’s key performance indicators for the marine sector
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NewsPivotal figure in US boat finance retires
Bruce Van Wagoner, Marine Industry Leader of Wells Fargo Distribution Finance, is stepping down after 45 years in the boating industry, supporting the growth of distribution and inventory finance for boat manufacturers and their dealers
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NewsHanseYachts creates new executive position
German boatbuilding group HanseYachts AG has named an industry outsider, Hanjo Runde, to the newly created position of Chairman of the Management Board, taking effect 1 December 2021. Majority shareholder Aurelius Group said the appointment underlines its long-standing commitment to Hanse.
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NewsBrunswick’s boat franchise stakes out European expansion
Freedom Boat Club, a division of US-based Brunswick Corporation, announced its first UK location as part of what it characterised as ’robust European expansion plans’
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NewsBRP unveils e-concept for PWCs and other products
In a major announcement released today together with its year-end results, Canada’s BRP detailed the roll-out of electric models for each of its product lines by the end 2026
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NewsBRP’s final quarter ends on a surge, CEO references increased PWC output in Mexico
Powersports and propulsion specialist BRP highlighted a strong end to the financial year and outlined what it called “ambitious plans” for the marine sector today during a webcast with analysts.
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NewsMarine share prices lose ground
IBI’s stock ticker for marine companies was decidedly in the red yesterday, after share prices for most publicly-trade boating companies saw strong downward movement on Tuesday, in step with a general downturn in major indices for the day. At one point, MarineMax shares were down 9.9%, Malibu’s ...
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NewsChris-Craft sees continued retail growth
US outdoor product manufacturer and parent company to Chris-Craft boats, Winnebago Industries, reported record Q2 revenues and profitability amidst continued growth prospects for the outdoor recreation sector
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NewsFairline Yachts puts finances in place to cope with challenging times
British motorboat builder secures £26m-plus in finance facilities to address Brexit and pandemic uncertainties; the company suffered significant loses in fiscal 2019
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NewsSanlorenzo confirms 2020 results and profitability
Italian yacht builder Sanlorenzo approved draft financial statements for 2020, revealing strong profit gains on stable revenues and a growing backlog
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NewsResin: “An unprecedented supply-demand imbalance”
In a year full of ’unprecedented’ scenarios, yet another has emerged in the market for resins – a key component for boatbuilding and many other industries
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NewsIBI adds to Forbes’ list of notable women in the boating industry
On Wednesday we reported on Forbes’ celebration of International Women’s Day with a selection of three women from the boating industry who the magazine highlighted as high achievers: Giovanna Vitellli Sylvie Ernoult Zaniz Jakubowski Giovanna Vitelli, Executive Vice President at ...
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NewsBrunswick shares top $100 for first time
US-based Brunswick Corporation is a top-gainer today among the more than 35 boating related stocks IBI regularly monitors in real-time on ibinews.com.
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NewsIce begins to thaw on US-EU trade tariffs
EU and US agree to pause aircraft tariffs, but tariffs on US boats remain in place; the boating industry will utilise the American Boating Congress next month on Capitol Hill, to focus on boat tariffs and brewing water access issues
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NewsNew add-on for Mastercraft boats: watersports coaching
American ski and wakeboat specialist Mastercraft will team boat buyers with personalised coaching from world-class athletes via a new partnership with Givego
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NewsUS wholesale boat shipments down 15% in 2020
Supply chain disruptions and workforce issues are key hurdles for American boat builders as they work through record low inventories and average back orders of up to 6 months, says the NMMA
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NewsBeneteau reports better than forecast year-end; cyber-attack update
The Beneteau Group has released a preliminary report on revenues indicating a boost in outboard boat demand which helped offset a collapse in fleet sales.
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NewsSanlorenzo exceeds 2020 outlook
Italian yachtbuilder Sanlorenzo released preliminary results for the financial year ending December 31 2020, showing a slight gain in net revenues for new yachts and improved profitability
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NewsHanse reports record backlog
German boatbuilder Hanse Yachts AG – parent company of the Hanse, Dehler, Moody, Fjord, Sealine and Privilège sail and motorboat brands – said its order backlog is the highest its been in the company’s history
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