Company Financials – Page 21
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NewsBeneteau returns to profitability; robust growth to continue
The Beneteau Group released earnings results this evening showing improved profitability for 2021 with projections for further gains in 2022. The builder’s statement also included comments on the Ukraine-Russia conflict
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NewsSanlorenzo confirms financial results and 2022 order status
Leading Italian yacht builder, Sanlorenzo, continued to build its order book with new contracts in the first two months of the year and reiterated low risk in terms of the Russian yacht market
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NewsMyers Q4, full-year revenues jump 49%
Adjusted net income up 117% for fourth quarter and up 15.8% for full fiscal year as US plastic fuel tank manufacturer battles continuing supply, freight and labour challenges
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NewsKVH revenues up 8% in 2021, as CEO steps down
CEO and co-founder Martin Kits van Heyningen announces retirement, search underway for permanent replacement
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NewsYacht business driving strong growth at Hempel
Danish coatings group sees double-digit jump in revenues and net profits
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NewsBeneteau finished 2021 with boat revenues up 10.7%
France’s Beneteau Group posted a strong end to the year with particularly robust boat sales in the fourth quarter
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NewsRolls-Royce Power Systems business unit reports strong results
Underlying profits significantly increase, despite Covid
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NewsThe Italian Sea Group sees huge rise in revenues and profitability
With its IPO and the purchase of the Perini Navi assets for €80m, 2021 will be a significant and historic year for The Italian Sea Group (TISG). In terms of it 2021 financial performance it saw total revenues increase 60.3% year-on-year to €186m and its EBITDA jump 100%. Its current ...
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NewsNimbus sees faster growth through company-owned dealers
Sweden’s largest boatbuilder saw robust gains in both revenues and profitability in 2021, underpinned by an ongoing strategy of vertical integration into the retail segment, along with expanded distribution in promising growth markets
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NewsAs forecast, Grand Banks posts loss for 1st half
The luxury motoryacht builder was shutdown due to Covid-imposed restrictions for much of the company’s first quarter, running from July through September 2021
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NewsGarmin reports sixth consecutive year of revenue growth
Electronics manufacturer Garmin Ltd. released its 2021 fourth quarter and full-year financial results on Wednesday, reporting record revenues for both terms.
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NewsNew OXE Marine CEO meets industry at Miami
OXE Marine was on hand at the Miami boat show during an eventful week in which it confirmed a new CEO, completed a deal with US-based Diesel Outboards and released 2021 financials.
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NewsDometic: “We’re walking the talk”
President and CEO of Sweden’s Dometic Group, Juan Vargues, will be in Miami this week to reiterate why Marine remains a key part of the equipment manufacturer’s portfolio even as it propels the business forward on a massive strategic transformation first communicated to the market in 2019
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NewsFairline set on positive course as losses slashed
Strategic report highlights key goals for 2022
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NewsPatrick Industries drives record Q4 and full-year 2021
The 10 companies acquired in 2021 made a significant contribution to revenues
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NewsAkzoNobel: weak end to year of high costs, disrupted supplies and lockdowns
But Dutch paints and coatings giant issues upbeat outlook for the years ahead
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NewsMalibu building boats at historic levels
With a growing portfolio of brands – including Malibu, Axis, Cobalt, Pursuit, Maverick and most recently a surprise equipment acquisition – the Malibu Boats group has again posted robust quarterly results amidst what it termed ‘scorching’ retail demand
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NewsRecord year for Cummins despite flat Q4
Record full year revenues top US$24bn; sales grow 17% in North America, 27% internationally
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NewsSupply chain woes bite into Johnson Outdoors Q1 results
Shortages, delays lead to 7% overall revenue decline and 45% drop in net income for US electronics, accessories and watercraft builder
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