All Power and Motorboats articles – Page 16
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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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NewsAs forecast, Grand Banks posts loss for 1st half
The luxury motoryacht builder was shutdown due to Covid-imposed restrictions for much of the company’s first quarter, running from July through September 2021
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NewsNimbus Group acquires Norwegian retailer at 4x EBITDA
Key strategic move for builder as it looks to grow its dealership base
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Boat LaunchFormula Boats returns to center console market
US fibreglass boat builder announces two new 38-foot models aimed at luxury fishing, day boating segments
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NewsMalibu building boats at historic levels
With a growing portfolio of brands – including Malibu, Axis, Cobalt, Pursuit, Maverick and most recently a surprise equipment acquisition – the Malibu Boats group has again posted robust quarterly results amidst what it termed ‘scorching’ retail demand
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NewsChris-Craft breaks ground on new plant expansion
80,000ft2 expansion to Sarasota manufacturing plant slated for completion in September
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NewsPolish builder to launch new motorboats, open second production hall
The 18ft and 19ft boats will be positioned at the upper end of the producer’s portfolio
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NewsProfit guidance for Grand Banks
Shareholders have been advised about the group’s financial performance during the first half of fiscal 2022
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NewsTop management change at HanseYachts
New operations manager comes aboard; Gerhardt to step down on 1 February
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NewsBeneteau acquires second Portuguese boat plant
French boatbuilder Group Beneteau buys another production facility in Portugal to supplement capacity for its Polish and American operations
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NewsHanseYachts marks 13-year record in Q1, in spite of supply shortages
Germany’s largest production boat building group offers fascinating insight into supply chain challenges holding it back from an even stronger performance in the first quarter of fiscal 2021-2022
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NewsNimbus Group on steady course with strong growth
The Swedish boat building group, representing seven motorboat brands reported an all time high in its record book, while continuing to operate under capacity constraints
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NewsAzimut-Benetti appoints new CMO
Mario Gornati has over 20 years’ experience in yachting and luxury goods
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NewsGroupe Beneteau sees significant increase in sales; Q3 results
French boatbuilding group expects strong growth through November, December
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NewsTaiwan showcases its capabilities at FLIBS
Monte Fino Yachts, Horizon, Dyna Tailor-Made and Jade Yachts among exhibitors
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NewsTwo British boatbuilders fined £430k over health and safety breaches
Both cases brought before judges this month
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NewsAzimut Yachts Brazil names new CEO
The Azimut-Benetti Group has expanded its management team in Brazil, signalling confidence in production growth at its South American operation
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NewsGrand Banks back to fulfilling orders
With closures lasting almost 2½ months in its first quarter of fiscal 2021-22 ending 30 September, Grand Banks Yachts saw minimal revenue in Q1, but forward orders remain strong
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NewsHanse bullish on outlook despite Covid impact on profits
With manufacturing operations in Germany, Poland and France, the German boatbuilder experienced significant Covid disruptions to its business, particularly in France and in Griefswald due to restrictions on the normal cross-border flow of employees between Germany and Poland.
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NewsCovid hits 2020 financial results at Princess Yachts
In the context of accelerating sales, UK luxury motoryacht builder Princess Yachts reported a decline in both turnover and profitability for 2020 due to closures lasting between 6 and 8 weeks across its production sites
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