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

> Subscriber-only, By Craig Ritchie2021-02-17T16:08:00

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.

SUBSCRIBER-ONLY CONTENT

To continue reading, subscribe TODAY!

Gain instant unlimited access to all IBI Plus subscriber content.

TRIAL Subscriptions start from just £1 / €1 / $1 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 30 June 2025}_{* Cancel anytime during first 7 days after initial payment and no further payments will be taken.}_{Inclusive of applicable taxes (VAT)}