All articles by Arlene Sloan – Page 6
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NewsBeneteau CEO to step down
Other key changes include new Boat Division CEO and board appointments
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NewsVolvo Penta parent group reports Q1 results
Sweden’s Volvo Group, parent to marine engine maker Volvo Penta, released financial results today for the company’s first quarter highlighting ’continued strong performance’
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NewsFreedom Boat Club creates ‘Super Territory’ with new acquisitions
US-based Brunswick Corporation steps up its ’shared boat access’ strategy with multiple purchases in the popular boating region of the greater Atlanta area
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FeatureNew electric cars significantly outpace charging infrastructure
The auto industry is already placing hundreds of models of low- and zero-emission vehicles on the market, but has serious concerns about the slow deployment of the infrastructure needed to charge and refuel these vehicles.
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NewsEU adds more sanctions on Russia, including coal
As sanctions move into the energy sector, analysts are lowering their forecast for European growth in 2022
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NewsVolvo Group on Ukraine
Volvo Penta’s parent company, the Volvo Group, issues statement on the financial impact of the war in Ukraine
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NewsAmerica’s Cup team launches hydrogen-powered chase boat
Emirates Team New Zealand has launched its prototype hydrogen-powered foiling chase boat in Auckland
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NewsOyster reports ‘full build-bays’ but delayed return to profitability
In financials results for its latest fiscal year ending March 2021, Oyster Yachts saw its 3-year turnaround plan delayed, while strong demand continues to boost revenues
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NewsFinnish boating industry ends 2021 at record pace
Finland’s boat industry reports a year of strong growth and comments on the impact on trade with Russia
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NewsItaly’s Ferretti Group valued at €890m
After a successful IPO in the context of very uncertain times, Italian luxury yacht builder Ferretti Group will start trading on the Hong Kong exchange Thursday
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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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NewsEU bans all yacht and boat exports to Russia
Europe extends Russian sanctions to luxury goods – including recreational boats – in coordination with the US
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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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NewsEU expands Russian sanctions to marine sector
In addition to restrictions already in place for both the countries and citizens of Russia and Belarus, the EU has added marine navigation and radio communication technology to existing sanctions
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NewsOneWater continues P&A acquisitions
The acquisition marks another step in OneWater’s aftermarket diversification plans; IBI comments
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NewsDometic adds two American marine brands to the fold
Sweden’s Dometic Group has announced further acquisitions in the marine sector, adding products and distribution capabilities in engine controls, mobile power and charging systems
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NewsItaly’s Monfalcone yard becomes
Groupe Beneteau ItaliaFormerly dedicated to production of the Monte Carlo Yachts brand, the Monfalcone shipyard is now a multi-brand facility for French boatbuilder Groupe Beneteau
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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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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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NewsMarket 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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