All articles by Arlene Sloan – Page 18
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NewsBeneteau enters expedition market
Group Beneteau has announced its entry into the expedition yacht segment with Project E – a new line of displacement yachts which will be launched in 2021 in two lengths – 62- and 73-feet. Models of the new vessels are on display at Boot Dusseldorf.
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NewsBeneteau’s activity report highlights a year of rapid expansion
Spend under 2 minutes to see the highlights of Beneteau Group’s 2018-19 fiscal year, in which the French builder sold more than 9,800 boats, introduced 32 new models and achieved revenues of €1.14 billion in it’s Boat Division
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NewsEarly estimates show 2019 growth in Italy
Preliminary estimates from members of the Italian boating industry point to continued growth in 2019, approaching 10%
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NewsLippert expands its footprint in the window segment & Europe
The US-based equipment manufacturer Lippert Components announced completion yesterday of its acquisition of the Polyplastic Group, a Dutch specialist in acrylic window and door products
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NewsSanlorenzo IPO to proceed at £16 per share
Italian yachtbuilder Sanlorenzo confirms the success of its public offer for up to 35% of the company’s share capital
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NewsSanlorenzo IPO update
Italian yachtbuilder Sanlorenzo on track for public share listing on 10 December
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NewsSanlorenzo braves the IPO market
Although investors have been lukewarm to a range of IPO opportunities in recent months – including Ferretti’s withdrawn public floation last month seeking a valuation of up to €1.08bn – Sanlorenzo is plunging ahead with its own offer. Industry awaits market response as an indicator of investor appetite.
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NewsYamaha Motor’s share price jumps 13% on Q3 results
Japan’s top manufacturer of outboard motors, personal watercraft, and boats reported a 4% increase in marine revenues for the first nine months of 2019, and confirmed the company’s outlook for year-end results
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NewsHanse Yachts reports record turnover
Germany’s largest production boatbuilder increased turnover to €150m and achieved its highest profits since 2008
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NewsBeneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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NewsAnnual revenues for US boat retailer MarineMax grew 5%
Financial results for America’s largest boat retailer – representing more than 20 boat and yacht brands across some 60 locations – were down for the company’s fourth quarter reflecting ’choppy’ market conditions across the industry in terms of both geography and product segments
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NewsSwedish equipment maker Dometic reports a 2% rise in Q3 revenues
Dometic President and CEO Juan Vargues presented a confident picture of the company’s prospects amidst a ‘challenging global trading environment’ and affirmed plans for further acquisitions and significant restructuring
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NewsBrunswick’s Q3 net sales down 5.7%
US-based Brunswick Corporation reported financial results through the end of September showing anticipated declines in top-line revenues, but exceeding earnings expectations
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NewsFerretti Group cancels planned IPO
Despite strong sales results and reported investor interest in an IPO offering 30% of the Italian yacht builder’s shares, the Ferretti Group nevertheless decided to pull the plug on the public listing in the final hours of the offer period. The builder cited deteriorating conditions in the financial markets which ...
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NewsFerretti withdraws IPO
Despite positive orders, the company said current market conditions didn’t produce a sufficient valuation
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NewsBeneteau CEO points to new strategic direction in Les Echos interview
The hundreds of suppliers and dealers for one of world’s largest boatbuilders should expect significant changes in the coming year; Former CEO takes issue with successor’s statements
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NewsFerretti extends its IPO offer period
In view of the ongoing discussions with institutional investors, the Italian yachtbuilder Ferretti Group has extended the offer period for the pending listing of its shares on the Milan Stock Exchange
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NewsCannes show management decision further delayed
The long-running legal dispute between the Fédération des Industries Nautique and show organiser Reed Exhibitions France will not be heard by the Paris Court of Appeals until December 2020
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NewsFerretti IPO roadshow ends in Zurich tomorrow
CEO Alberto Galassi lays out Ferretti’s prospects to investors in London, Frankfurt, Paris and Zurich this week ahead of its debut on the Milan stock exchange.
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