Company Financials – Page 31
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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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NewsStrong boat sales float Q3 earnings for Polaris
Boat division leads all other segments with 30% YOY sales jump to drive higher overall earnings, profits
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NewsCummins’ North American sales decline, international sales stable
Cummins Inc closed its third quarter with revenues down 11% to US$5.1bn from last year, led by an 18% drop in North American sales while international revenues were flat.
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NewsCaterpillar crawls through rough third quarter
Caterpillar Inc has announced third-quarter earnings that are down across the board, led by lower end-user demand. The Deerfield, Illinois-based Cat reports sales and revenue of US$9.9bn, a 23% decline from Q3 2019. Profit per share was down 54% at US$1.22, while operating profit margin dropped nearly 6 points to ...
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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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NewsWinnebago releases strong Q4 and FY 2020 results
Chris-Craft credits new model introductions for record Q4 sales and production backlog through spring 2021
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NewsAkzoNobel reports “excellent” Q3 results
The results show AkzoNobel sales reclaiming ground lost to the Covid-19 pandemic
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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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NewsBrexit creates uncertainty for UK's Premier Marinas Group
Small increases in turnover and profit in the Group’s financial year ended September 2019
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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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NewsInforma reports £739.9m loss as Covid-19 disrupts events schedule
The impact of the Covid-19 pandemic on the global events calendar is shown in the reporting today of the first-half results for UK-listed Informa Plc, the world’s largest events business. Informa has reported a statutory pre-tax loss of £739.9m for HI 2020, a 398% fall on the profit of £248.3m ...
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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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NewsCovid-19 shutdowns cut MasterCraft FY 2020 earnings
US boatbuilder posts losses of $10.1m for Q4 and $24m for 2020 full year, but issues positive guidance for FY 2021
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NewsSanlorenzo releases strong preliminary figures for July and August
Order backlog hits €613m as of 31 August 2020, up €47m in just two months
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NewsAncasta releases latest accounts covering ‘challenging year’
Ancasta, one of the UK’s largest boat retail operations, opened its commentary on the company’s latest annual accounts for the year ended August 2019 by citing ”Brexit and the associated effects including weak sterling” as a cause for increased pressure on both new boat volume and margins. This, in tandem ...
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