All articles by Arlene Sloan – Page 15
-
NewsHigher profits offset lower Q2 revenues for BRP
Recreational products manufacturer BRP said Q2 delivered better than expected results driven by strong worldwide retail demand for its portfolio, including PWCs and boats. Wind-down of the Evinrude outboard business was reflected in a 35% drop in marine revenues.
-
NewsDispute emerges over cancellation of Cannes Yachting Festival
In a weekend interview, French official flatly denies he ordered the show’s cancellation and lays responsibility on the organisers; compensation costs at issue.
-
NewsAnnapolis boat shows cancelled
In a discouraging development for the boating industry, the City of Annapolis announced yesterday that it was cancelling the US Powerboat and Sailboat shows scheduled for October, due to Covid-19 health concerns. The sailboat show – the largest in-water sail-only show – has a strong draw among international exhibitors and ...
-
NewsPositive US boating trends continue
Two metrics released today by the National Marine Manufacturers Association in America indicates boating continues to draw strong online interest – and more tangibly – sales
-
NewsEuropean Overview: Bright spots amid the uncertainty
The fallout of Covid-related lockdowns and safety protocols has had far-reaching impacts on Europe’s industry, but there are winners amid the upheaval.
-
NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
-
NewsBrunswick reports Q2 results revealing Covid impact on industry’s largest player
US boat and engine manufacturer sees strong retail demand, following a -15.2% decline in sales in the second quarter including a -32% drop in boat segment sales for the period; With current recovery pace, the company expects to meet its 2022 financial targets and sent stock soaring to highest-ever level
-
NewsFinnish boaters set to enjoy fewer restrictions
Jarkko Pajusalo of the Finnish marine industry association shares positive news on post-Covid restrictions
-
NewsBeneteau announces key management changes
In view of the severe economic crisis linked to Covid-19, France’s Groupe Beneteau said it is accelerating reorganisation of its boat business
-
NewsFairline confirms 240 job cuts
Following last week’s story that Fairline Yachts had warned staff to expect redundancies, the UK-based boatbuilder today announced that 240, out of a total work force of 455, will be made redundant from the end of July, when the furlough period runs out. Fairline attributed the job cuts to the ...
-
NewsUS boat dealer group sees 30% jump in revenues
US-based OneWater Marine – one of the largest boat retailers in the United States – reported bumper results for its third quarter ending 31 May, with revenues up in excess of 30%. The publicly-traded boat retail group operates 63 stores throughout 11 different states, with diversified revenue streams from new ...
-
NewsHanse logs record order book
Lower turnover, but order book increases 28% for the first nine months 2019/2020
-
NewsMonaco Yacht Show to proceed as non-profit event
Following concerns voiced by key players in the superyacht industry, the Principality of Monaco and Informa are working together to deliver an intimate, not-for-profit event in September 2020
-
NewsMarine stocks benefit from ‘Staycation’ trend
Shares of Dometic Group, noted Bloomberg, have jumped 71% since the end of March, topping Europe’s Stoxx 600 Index for the same period.
-
NewsMarineMax amends credit facility; comments on retail trends
America’s largest recreational boat retailer anncounced today that it has expanded its financial capacity by extending the term of it’s $440 million credit facility
-
NewsYamaha extends shut down at outboard engine factories
Following a previous announcement on April 9th concerning the closure of its principal outboard engine factories during May, Yamaha Motor has now decided to extend the shut down at its Fukuroi and Yatsuhiro plants for a further two weeks until the 15th of June. According to the earlier statement, the ...
-
NewsEU calls for swift restart of summer boating
The European Boating Industry association (EBI) has reported new guidelines released today from the European Commission calling for a quick restart of nautical tourism across Europe – recognising on-water recreation and nautical tourism as a key part of Europe’s tourism industry.
-
NewsQ1 sales and profit up at Sanlorenzo
The board of directors at Italy’s Sanlorenzo Group approved the financial results for the builder’s first quarter ended March 31, confirming the prior forecast for improved revenues and profitability, along with a solid backlog
-
NewsCovid-related production disruptions lead Mastercraft to $36.7m Q3 loss
March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit
-
NewsHow will autumn boat shows manage the ‘new normal’?
Show organisers are under pressure to reveal plans for upcoming autumn shows as one of the industry’s most important marketing channels
LinkedIn
X / Twitter
Facebook
Email us
