All Power and Motorboats articles – Page 6
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Italy’s Ferretti Group valued at €890m
After a successful IPO in the context of very uncertain times, Italian luxury yacht builder Ferretti Group will start trading on the Hong Kong exchange Thursday
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BRP Q4, full-year revenues up nearly 30%
Marine segment revenues up 7.6% in fourth quarter propelled by launch of Sea-Doo Switch pontoon boat line
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Unique conveyor production system key to success says Linssen Yachts
The Dutch motoryacht builder began with a single Logicam line in 2006
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Beneteau returns to profitability; robust growth to continue
The Beneteau Group released earnings results this evening showing improved profitability for 2021 with projections for further gains in 2022. The builder’s statement also included comments on the Ukraine-Russia conflict
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Sanlorenzo confirms financial results and 2022 order status
Leading Italian yacht builder, Sanlorenzo, continued to build its order book with new contracts in the first two months of the year and reiterated low risk in terms of the Russian yacht market
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UIM bans Russian and Belarusian motorboat competitions
The world governing body for all powerboat activities reaffirms solidarity with Ukraine
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Italy’s Monfalcone yard becomes
Groupe Beneteau ItaliaFormerly dedicated to production of the Monte Carlo Yachts brand, the Monfalcone shipyard is now a multi-brand facility for French boatbuilder Groupe Beneteau
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Beneteau finished 2021 with boat revenues up 10.7%
France’s Beneteau Group posted a strong end to the year with particularly robust boat sales in the fourth quarter
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Nimbus 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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As 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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Nimbus 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 Launch
Formula 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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Malibu 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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Chris-Craft breaks ground on new plant expansion
80,000ft2 expansion to Sarasota manufacturing plant slated for completion in September
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Polish 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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Profit 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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Top management change at HanseYachts
New operations manager comes aboard; Gerhardt to step down on 1 February
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Beneteau 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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HanseYachts 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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Nimbus 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