All Power and Motorboats articles – Page 21
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NewsBRP takes further steps to manage COVID-19 impact
After slowing down and temporarily suspending manufacturing at all powersports and marine operations sites around the world, Canada’s BRP Inc. announced a series of additional measures – including cost-containment measures and employee compensation changes – to protect the company’s financial flexibility and long-term growth.” BRP’s marine-related products are captured in ...
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NewsUS powerboat registrations up through January
Sales of new powerboats were up 5% on a rolling three-month YOY basis
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NewsBRP temporarily halts or slows down global operations in response to Covid-19
Bombardier Recreational Products (BRP) has announced that, due to the rapid evolution of the COVID-19 situation, the company is temporarily suspending or slowing down all powersports and marine manufacturing operations around the world. These actions, says BRP, will allow the company to evaluate and respond to the changing conditions, as ...
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NewsMarine Products Corp suspends production
Marine Products Corp announced on Monday that it had temporarily suspended manufacturing operations at its Nashville, Georgia production facility. The facility produces all of the company’s recreational pleasure boats under the Chaparral, Robalo and Vortex brand names.
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NewsHanse maintains production pace; sold out until June
HanseYachts’ CEO has provided an update on the company’s status for clients, suppliers and shareholders in the wake of the Coronavirus crisis: “We are producing and are able to deliver.”
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NewsHanse reports latest financials
Despite a drop in revenues and earnings for the company’s first half which the builder attributed to typical seasonality and one-time integration costs for Privilége Catamarans, German boatbuilder Hanse Yachts said a strong order backlog would provide the company with a profit for the year
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NewsNumarine introduces its smallest expedition yacht to date
The new 22XP is a response to client demand for compact explorer vessels
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NewsStrong finish to 2019 leaves US registrations flat
A strong sales finish in Q4 saw US powerboat registrations up to close the year nearly even with 2018, according to data released by the National Marine Manufacturers Association (NMMA). Fourth-quarter 2019 sales were up 4% on a rolling three-month year-over-year basis and ended the year down 1% on a ...
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NewsGrand Banks reports 10-year high for order book
Singapore-based boat builder of the Grand Banks and Palm BeachMotor Yacht brands posted a strong first half with a 66% increase in net profit to S$2.0 million (US$1.5m) and a net order book worth S$64 million (US$46m); the company’s Palm Beach GT60 (above) makes its debut at the Miami show ...
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NewsMarine sales outpace consolidated results at Yamaha Motor
Japan’s Yamaha Motor reported a dip in 2019 sales, offset by 2% growth in the company’s Marine business which accounts for 21% of annual revenues
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NewsBeneteau confirms positive outlook for 2020
French boatbuilder Beneteau Group confirmed a positive financial outlook for the Boat Division’s 2019-2020 financial year, based on ‘robust’ trends in European and charter markets
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NewsUS powerboat registrations increased in late 2019
A strong second half of the year for US boat sales helped boost powerboat registrations to 275,00 units through last November, up 6% on a rolling three-month year-over-year basis, but down 1% on a rolling 12-month year-over-year, according to the National Marine Manufacturers Association (NMMA).
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2020 Motor Boat Awards – finalists revealed
The UK’s Motorboat & Yachting magazine has announced the finalists for the 2020 Motor Boat Awards, sponsored by Side-Power.
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NewsHustler Powerboats founder dies
The high-performance boating industry is mourning the loss of Hustler Powerboats founder Paul Fiore, who died unexpectedly on Tuesday at the age of 76.
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NewsUS powerboat registrations on par with last year
New US powerboat registrations through September show retail sales down just under 1% on a rolling 12-month year-over-year basis and up 5% on a rolling three-month year-over-year basis, bringing retail units “back on par with last year”, according to the National Marine Manufacturers Association (NMMA).
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NewsYamaha Motor’s share price jumps 13% on Q3 results
Japan’s top manufacturer of outboard motors, personal watercraft, and boats reported a 4% increase in marine revenues for the first nine months of 2019, and confirmed the company’s outlook for year-end results
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NewsHanse Yachts reports record turnover
Germany’s largest production boatbuilder increased turnover to €150m and achieved its highest profits since 2008
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NewsBeneteau shares drop 16% on news of lower growth & profitabillity
The French boatbuilder posted a fifth consecutive year of growth for its 2019 fiscal year, but investors appear to be uncertain about prospects for the coming year. Although noting a higher order book, Beneteau said it would not be issuing its FY 2019-20 outlook until 4 February and hinted that ...
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NewsX-Yachts buys Swedish powerboat builder
Danish sailboat producer X-Yachts has entered the powerboat market with the acquisition of HOC Yachts in Sweden.
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US powerboat registrations flat in August
New powerboat registrations in the US were down less than one percent in August, according to the National Marine Manufacturers Association’s (NMMA) 12-month, year-over-year rolling scale while down 2% on the rolling three-month, year-over-year basis.
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