Garmin reports record Q4, 2020 FY on robust marine segment sales

Garmin Striker Vivid Series

Marine sector up 48% for the quarter, 29% for full fiscal year

Switzerland-based electronics manufacturer Garmin Ltd released its 2020 fourth-quarter and full-year financial results on Wednesday, marking record revenues on the strength of “robust growth” led by its marine, fitness and outdoor segments.

On a call with analysts, Garmin president and CEO Cliff Pemple praised…

To continue reading, please see the IBI Plus subscription options below for accessing our Premium Content.

This is premium content

You must be a subscriber and signed-in to access this content.

IBI Magazine_Website_promo_July

To continue, subscribe to IBI Plus

Benefits include:

  • Breaking industry news as it happens
  • Unlimited access to all IBI Plus Premium content, including:
  • Industry statistics / Market reports / Company insights / In-depth segment reports
  • Our archive of more than 38,000 news items and features
  • Save articles in your personal library under ’My Account’

to gain access to IBI Plus Premium content.

Alternatively, REGISTER to receive IBI Daily News & Breaking News alerts for free.

Already a subscriber? Sign-in now at the top of this page.