All articles by Subscriber-only – Page 160
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The 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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Miami show provides “outstanding” start for Brunswick
Boatbuilder and engine manufacturer says Miami show spotlighted advances made in its Next Wave and ACES strategies
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Boating boost for Dubai as sailing development given top priority
Dubai International Marine Club and P&O Marinas sign agreement to turn Dubai into a sailing and watersport centre of excellence
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Nimbus 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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New UK show makes strong positive impression with first edition
BoatLife Live attracted some 10,000 visitors with several exhibitors reporting sales
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Ferretti Group Hong Kong IPO plans move forward
Italian builder hopes to raise $470m to develop new models and acquire suppliers
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OXE sets eyes firmly on recreational market with diesel outboard
OXE president talks to IBI about recreational marine strategy
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Littelfuse completes acquisition of Carling Technologies
Acquisition to be springboard for further marine product development
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Yamaha announces major changes to US, Canadian business operations
Facility expansions, creation of new connected division and a new Yamaha Motor Canada president highlight marine sector growth
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Sunseeker’s growth is a global family affair; new focus on Asia with Chinese dealer in the works
Sunseeker’s CEO talks to IBI about his learnings from the pandemic and the new launches we can expect fromt he UK builder
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Bank earmarks £30m for leisure marine and other core sector start-ups
DF Capital confirms inventory finance support for start-up businesses in core sectors, including marine
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New ‘transformational’ plan filed for large Gibraltar marina facility
600-berth facility for vessels up to 100m
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Market Overview | Italy
‘Made in Italy’ magic boosts orders and exports for the country’s world-renowned boat builders and equipment manufacturers, while supply chain and inflation woes inject a dose of uncertainty
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Harman Kardon enters marine stereo market
Premium audio equipment brand announces new marine business unit, debuts new product line
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Garmin 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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New 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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Dometic consolidates accessories business under new Sierra branding
Shields, Moeller business lines join Prime Line ATV accessories business under refreshed Sierra banner