Yamaha Motor’s share price jumps 13% on Q3 results

> Subscriber-only, By Arlene Sloan2019-11-15T15:02:00

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

Following announcement of third quarter results and its end-of-year forecast, Yamaha Motor’s share price jumped 13% to €19.26, the highest value since April 2019. Yamaha Motor is listed on the Frankfurt stock exchange, with share prices ranging from €13.61 to €19.58 over the past 52 weeks.

Yamaha Motor’s Marine sales were ¥274.2 billion (€2.3bn) – an increase of 4.1% compared with the same period the previous fiscal year – due to increased production of large outboard motors and “healthy sales” of personal watercraft (PWC) and sports boats. The company also noted that unit sales of high-end outboard models exceeding 200hp increased in both North America and Europe. Operating income for the Marine division was up as well by 2.6% to ¥52.0 billion.

To continue reading the rest of IBI’s report on Yamaha Motor’s marine division – including sales by region, product segment and engine size – see the options below for accessing Premium Content….

SUBSCRIBER-ONLY CONTENT

To continue reading, subscribe TODAY!

Gain instant unlimited access to all IBI Plus subscriber content.

TRIAL Subscriptions start from just £4 / €4 / $4 for your first month
Access to global report, insights and news at your fingertips
100% Money back guarantee - Cancel anytime

UNLOCK ARTICLE & KEEP READING – START YOUR TRIAL SUBSCRIPTION

_{No commitment, cancel anytime*}_{Offer ends 31 August 2024}_{* Cancel anytime during first 4 weeks after initial payment and no further payments will be taken.}_{Inclusive of applicable taxes (VAT)}