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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
Sanlorenzo chairman Massimo Perotti said the company’s recent IPO was a worthwhile experience 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 ...
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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
Royal Falcon One ’s hull was built at a Vietnamese shipyard 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 ...
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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
