All Power and Motorboats articles – Page 24
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NewsHanse Yachts CEO, Dr Jens Gerhardt - The 15-minute read
Not watched the video yet? Check out the transcript highlights of IBI’s recent Interview to learn how Hanse is coping with Covid, how multi-million euro boats are selling online, and why CEO Dr Jens Gerhardt thinks we may be on the cusp of a surge in small sailboat sales
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VideoIBI speaks with Hanse CEO Dr. Jens Gerhardt
IBI’s Ed Slack interviews Hanse Group CEO Dr. Jens Gerhardt on the company’s recent financial results and order book, the impact of Covid-19 on demand in relation to boat shows and characteristics of the builder’s customer base, how the acquisition of French catamaran builder Privilege fits into the company’s multi-brand ...
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InterviewInterview with Hanse Yacht’s Dr. Jens Gerhardt (trailer)
In the latest installment of the IBI Interview, Ed Slack speaks with Dr. Jens Gerhardt, CEO of the Hanse Group about the company’s recent financial results, expectations for customer demand in the wake of Covid 19, the impact of cancelled boat shows, and more. Watch the 2½ minuite trailer ...
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NewsFairline confirms 240 job cuts
Following last week’s story that Fairline Yachts had warned staff to expect redundancies, the UK-based boatbuilder today announced that 240, out of a total work force of 455, will be made redundant from the end of July, when the furlough period runs out. Fairline attributed the job cuts to the ...
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NewsRiviera celebrates the launch of its 20th Sports Motor Yacht
The 72 and 68 Sports Motor Yachts, the flagships of the Riviera collection, have reached a milestone this week with the completion of the 20th boat following the launch of the new designs in 2018. Riviera spent two years developing the 68 and 72 SMY, consulting with Riviera owners from ...
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NewsHanse logs record order book
Lower turnover, but order book increases 28% for the first nine months 2019/2020
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NewsFerretti expands US footprint
Italy’s Ferretti Group has announced a US$15m investment to purchase a service shipyard in Ft Lauderdale, Florida to increase the strategic presence of Ferretti Group America.
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NewsCovid-related production disruptions lead Mastercraft to $36.7m Q3 loss
March production cutbacks lead to 20% YOY drop in net sales, 32% drop in gross profit
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NewsBeneteau responds to crisis
Beneteau has restarted production at three of its sites as half year earnings announced; CEO takes salary reduction, new strategic plan to follow in July to reflect deep transformation of its markets
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NewsPolaris reports a 6% drop in Q1 sales
The outdoor vehicle specialist has withdrawn revenue and earnings guidance for the rest of 2020 but currently thinks the recovery will take ’more of a U shape’ – with demand weakest in the second quarter
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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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