Company Financials – Page 40
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Dometic Group posts record 2018
Dometic Group reported record sales and earnings for its 2018 year-end and fourth quarter results. The marine segment is playing a bigger part in the Swedish equipment company’s success.
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US equipment company Lippert reports 15% growth
Lippert Components is on a fast-track to diversify from the RV sector by expanding in marine markets and other adjacent industries
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MasterCraft posts record Q2 results
Tennessee-based MasterCraft Boat Holdings Inc, manufacturer of the MasterCraft, NauticStar and Crest Marine boat brands, reported strong growth for the second quarter of its 2019 fiscal year.
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Malibu posts strong Q2 results
Malibu Boats in the US has posted strong second quarter results on the strength of recent new model introductions and improved operational efficiencies.
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Sanlorenzo turnover up 27% in 2018
Sanlorenzo names two new CEOs; forecasts 20% further growth for 2019 based on ambitious plans for new products, facilities and acquisitions
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Brunswick: record earnings & 9th year of growth
Brunswick Corporation announced 4th quarter and 2018 year-end results today with total marine revenues of US$4.12 billion for the year, up 12% (adjusted)
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Beneteau's annual report highlights gains & successess
Group Beneteau’s ‘Transform to Perform’ gaining traction as French builder reports boost in sales and revenues
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New product line boosts Nautor’s financial performance
At its boot Düsseldorf press conference last week, Finnish yacht-builder Nautor’s Swan said that the renewal of its product range has contributed to enhancing its financial performance.
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Marine segment contributes $145m to Polaris Q4 results
Polaris Industries Inc reported that its Boat Holdings LLC acquisition contributed $145m in revenues to its fourth quarter 2018 results, exceeding company expectations.
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Sunseeker on track for strong financial year
The UK’s Sunseeker International is said to be on plan for the current financial year. Sean Robertson, Sunseeker’s sales and marketing director, told IBI at boot Düsseldorf that the company is “lining up for a good, clear profit year”.
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MPC reports Q4 drop in net sales
Marine Products Corp (MPC), the parent company of Chaparral and Robalo boats, reported Q4 2018 net sales of just over US$62m, down 5.4% from the previous year which the company says is due to a decline in international sales due to the Trump administration tariffs.
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MarineMax starts fiscal 2019 on an upswing
MarineMax reported revenue growth of 2% – or just over US$5m – for the fiscal 2019 first-quarter ended 31 December 2018.
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Princess keeps up pace of development and growth
The UK’s Princess Yachts announced strong preliminary results and performance figures at the start of boot Düsseldorf this year, highlighting the fact that 90% of 2019 and 40% of 2020 build slots are already sold.
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United Yacht Sales reports 40% growth in 2018
Stuart, Florida-based United Yacht Sales has reported a 40% increase in sales during 2018, citing numerous positive economic indicators, high consumer confidence and “President Donald Trump’s changes to the tax code that allowed for the entire purchase price of a yacht to be deducted when used for business purposes”, the ...
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Danish sail-maker reports “significant increase” in turnover and profitability
Danish sail-maker Elvstrøm Sails has reported a significant increase in both turnover and profitability during the 2017/18 financial year. According to a company statement, earnings before tax more than tripled to DKK 9.1m against last year’s DKK 2.8m.
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Liqui Moly reports record 2018
Liqui Moly, the German oil and additives specialist, has reported record turnover of €544m during its first year as part of the Würth Group – a modest increase of just 2% over the previous year. Trade disputes, a weak Russian ruble and low crude oil prices are mostly to blame ...
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Johnson Outdoors reports strong 2018 results
Marine equipment manufacturer Johnson Outdoors reported all-time high revenue and earnings for fiscal year 2018, marking back-to-back fiscal years of record growth.
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Fairline reports 144% rise in turnover in 2017
The UK’s Fairline Yachts continued down the path to recovery in 2017, the company’s 50th anniversary year, with turnover up by 144% to £24.1m.
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BRP reports record Q3 revenues, net income
Quebec-based BRP reported revenues of C$1,394.2m and net income of C$90.2m for its third quarter of 2018, marking continued strong growth for the manufacturer of Sea-Doo personal watercraft and Evinrude outboard engines.
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Carmanah reports mixed Q3 results
LED signals manufacturer Carmanah Technologies Corp reported mixed results for its third quarter of 2018, with a slight revenue decline offset by higher gross profits.