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NewsMarineMax raises earnings guidance based on record Q1 results
America’s largest recreational boat and yacht retailer announced 26% growth for the quarter ending December 31 and has boosted its guidance for full 2020 earnings by 15%. The company’s share price jumped 20% in early trading in response to the news.
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Beneteau’s activity report highlights a year of rapid expansion
Spend under 2 minutes to see the highlights of Beneteau Group’s 2018-19 fiscal year, in which the French builder sold more than 9,800 boats, introduced 32 new models and achieved revenues of €1.14 billion in it’s Boat Division
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Market Overview | Turkey
Political and macro-economic forces have conspired against the boating sector in recent years, but with a well-proven build and refit capability and low cost base, it’s hard to keep the Turkish market down for long – the mood is optimistic for 2020
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Too many boatbuilders, supply chain improvements needed – industry challenges highlighted at summit
In the session entitled ‘Shipbuilding and yachting and what lies ahead’ at today’s Sea Tourism Summit as part of Boot Düsseldorf, a series of key recommendations were put forward by the panel to address the challenges which the industry faces.
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D-Marin to be acquired by private equity fund
A multimillion-euro deal of undisclosed value has been made by the Luxembourg-headquartered private equity business CVC Partners to buy the D-Marin arm of the Turkish Dogus Group. D-Marin, which is registered in the Netherlands, operates 15 marinas in five Mediterranean and Middle East countries. This transaction will be finalised upon ...
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Royal Falcon Fleet plans major expansion of yachting interests
Having taken a decade to bring its first superyacht, the Royal Falcon One, to completion, Royal Falcon Fleet has major plans to expand its yachting activities in the future. These plans include more of the 41m Royal Falcon One catamaran models.
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Danish builder to launch new models amid expansion drive
X-Yachts eyes higher production, new models to be added to its range
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Azimut achieves good sales growth in Brazil and expands sales facilities
New sales centre opened as Italian yard eyes more double-digit growth in the region
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New interim CEO and other key personnel changes at Gulf Craft
Comprehensive management re-structure with new COO and CCO also named as UAE builder as it looks to expand
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Princess Yachts seeks multi-million investment funding from shareholders to maintain expansion
Focus on new product development and facility expansion to meet demand
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Lippert expands its footprint in the window segment & Europe
The US-based equipment manufacturer Lippert Components announced completion yesterday of its acquisition of the Polyplastic Group, a Dutch specialist in acrylic window and door products
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Discovery Yachts latest; creditors meeting held today
The UK’s Discovery Yachts Group (DYG) has been rescued from administration in a pre-pack deal which involved the establishment of a new UK holding company formed by the largest DYG shareholder, Binti Investment GmbH. The deal, for which no value has been given, means that all yachts currently in build ...
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Fountaine Pajot eyes investments in capacities amid higher sales
Boatbuilder’s higher revenues to stimulate investments
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2019 has been a crucial year for Fairline Yachts
The company has hopes of profitability after heavy losses during its first 3 years of operation. Fairline’s just-filed accounts for 2018 show a loss of £14.8m
