Company Financials – Page 43
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NewsWinch Design reports strong 2017/18
London, UK-based superyacht design studio, Winch Design Ltd, increased its turnover and pre-tax profit in the financial year ended May 31, 2018. The company, which also undertakes design work on houses, aircraft and other projects, described its yacht design activity as being ‘stable’.
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NewsMixed first quarter for Johnson Outdoors
Racine, Wisconsin-based marine equipment and watercraft manufacturer Johnson Outdoors has announced lower sales and higher net income year-over-year for the first quarter of the company’s 2019 fiscal year.
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SUTL Enterprise reports fall in 2018 net profit
Singapore-listed marina developer and operator, SUTL Enterprise Ltd, has reported a net profit of S$5.8m for the year ended December 31, 2018. This is a 14% fall compared with the restated S$6.8m recorded in 2017. Earnings per share slipped to S6.71 cents as against S7.81 cents in the year previous.
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NewsGarmin posts strong Q4, 2018 full-year results
Garmin ended both its 2018 fourth quarter and full fiscal year on a high note, reporting higher revenues, gross margins, operating margins and operating incomes driven in part by strong contributions from its marine segment.
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NewsFLIR posts Q4, full-year results
Wilsonville, Oregon-based FLIR Systems posted mixed results for its fourth quarter and 2018 full year, with lower revenues offset by record adjusted earnings on the strength of improved margin performance.
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NewsAkzoNobel reports mixed 2018; Vows ‘to invest in growth’
AkzoNobel NV, the Dutch-based multinational maker of decorative paints and performance coatings, has reported mixed 2018 results due to adverse currency movements, pricier raw materials and lower volumes.
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NewsYamaha marine sales up 6.4% in 2018
The industry’s second largest marine manufacturer records value and unit sales growth in 2018 and aims for ambitious targets in 2021.
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NewsDometic 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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NewsUS 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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NewsMasterCraft 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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NewsMalibu 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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NewsSanlorenzo 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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NewsBrunswick: 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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VideoBeneteau'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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NewsNew 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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NewsSunseeker 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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NewsMarineMax 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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NewsPrincess 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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