All articles by Arlene Sloan – Page 14
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NewsBrunswick reports ‘outstanding’ Q3 and is bullish on 2021
The industry’s largest company said it outperformed the market in its third quarter ending September 30, achieving double-digit growth in sales and earnings. Historically-low boat inventory levels position the company exceptionally well for the remainder of the year and throughout 2021.
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NewsMarineMax posts record Q4 and year-end results
America’s mega boat and yacht retailer group, MarineMax, achieved the company’s highest ever revenue and earnings for the fourth quarter and year-ended September 30, making it one of the industry’s largest companies.
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NewsBetter than forecast results for Groupe Beneteau
The multi-brand French boatbuilder said the company is benefiting from its global, multi-segment positioning against the adverse environment of Covid 19
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NewsFountaine Pajot reports 2019-20 turnover
France’s second largest boatbuilder has released preliminary information for its fiscal year, ending August 31 noting a significant impact stemming from the Covid-19 crisis
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NewsHanseYachts continues its financial restructuring strategy
German boatbuilding group, HanseYachts AG, reported today continuing reorganisation of the company’s financial structure for its future strength. The company’s brands include Hanse, Dehler and Moody sailboats, Fjord and Sealine powerboars, and Privilege sail and motor catamarans.
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NewsGrand Banks achieves Q1 profitability
Despite dampened business sentiment due to the COVID-19 pandemic, Grand Banks Yachts Ltd recorded quarterly revenue of S$24.6 million (€15.2m) for the three months ending 30 September 2020 – a dip of 5.7% compared to the same quarter last year. The Singapore publicly-listed company – parent of the Grand Banks ...
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NewsAmidst Covid-19, Catana posts annual sales growth
French catamaran builder, the Catana Group, reported its 2020 fiscal year results with a strong rebound in the last quarter ending August 30
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NewsVolvo Penta posts strong Q3 profitability
Volvo Penta saw improved profitability on flat sales for Q3, with a large uplift in service sales attributed to the high level of summer boating activity; the division also provided engine delivery and order numbers for the first nine months of the year
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NewsUS boat sales expected to hit 13-year high
NMMA reports 2020 has been a banner year for new power boat retail sales
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News2019 turnover up at Williams Jet Tenders
Financial accounts for UK-based Williams Jet Tenders (Holdings) reveal the company enjoyed a 7% increase in turnover for the financial year ending December 2019 to £24.3 million (approximately €26 million) compared to the previous year. In their report filed with the annual accounts, the Directors described the results as ...
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NewsHanse reports record order book but substantial write-down
Against the backdrop of €67.5 million in orders, German boatbuilder HanseYachts has disclosed a -€13.9 million impairment of its asset portfolio and -€15.9 million fiscal year loss – primarily related to the impact of Covid-19 and delayed restructuring at its French subsidiary Privilege
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NewsHanseYachts makes investment case
German boatbuilder HanseYachts presented its performance and outlook at an investor conference in Munich today, reporting solid post-Covid demand
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NewsBeneteau sells US plant; scales back at other facilities
Group Beneteau’s US production facility in Marion, South Carolina is being purchased by a fibreglass pool manufacturer, while the Group reduces production capacity and headcount across other facilities
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NewsUS boat retailer OneWater launches Public Offering
In a bid to continue its fast-paced growth, OneWater Marine is offering company and shareholder common stock to fund working capital and expansion; the company has provided preliminary Q4 results through the end of August to support the offering
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NewsGarmin expands marine portfolio
Garmin has plans to make advances in the marine market on the back of an expanding product portfolio with a new range of radars
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NewsCaravan show serves as test-case for Boot Düsseldorf
The first major post-covid exhibition running this week in Europe – Caravan Salon – is spread across the multi-hall venue at Messe Düsseldorf, paving the way for a modified, but successful indoor event handling 65,000 visitors in its first six days
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NewsBeneteau adapts 2021 launch strategy
In the wake of boat show cancellations, the global boatbuilder has presented its new season models in private press events, also providing an update on the four boat brands it is exiting
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NewsGrand Banks reports results & plant closure
The Malaysian luxury boat builder finished its fiscal year 2020 on a strong note with a 30% increase in revenues and fifth consecutive year of profits despite 8 weeks of shutdown and restructuring costs.
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NewsSanlorenzo confirms 2020 outlook
Italian luxury yacht builder reports €566 million order book and expects net revenues and EBITDA in line with 2019 results; announces new sales events
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