All articles by Subscriber-only – Page 139
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NewsMarine segment is strong performer in Dometic’s Q4
In the context of a challenging macroeconomic environment and high channel inventories, Sweden’s Dometic Group reported record sales for the 2022 financial year, achieving growth of 38% to SEK 29.8 billion, through the end of December. Adjusted operating profit (earnings before interest, tax and amortisation) rose to SEK 3.9bn, ...
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NewsFoulkes named to Vontier board
Brunswick CEO joins global industrial tech firm’s board of directors
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NewsAW Niemeyer bankruptcy filing update; hunt for new investors
Immediate plans announced for the firm as administrator weighs up options
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NewsEconomic uncertainty forces layoffs at Tigé Boats
US builder says layoffs were necessary for the “long-term financial health” of the company
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NewsMarine tech firm prepares for latest crowdfunding round
Previous successful rounds raised more than £3m in total
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NewsSustainability and boating – EBI says joined up, practical approach needed to hit goals
European Boating Industry outlines major challenges ahead during Blue Innovation Dock debate
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NewsUS builder unveils largest model to date, plans to double workforce
Full announcement will take place at the Miami Boat Show in February
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NewsPower crisis hits South African lighthouses and yards
Boating stakeholders concerned by daily electricity load shedding
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NewsVolvo chalks up record sales and electrification gains
Even with all-time high revenues and profits, the Volvo Group still fell slightly short of analysts expectations for the fourth quarter while CEO Lundstedt warned of ongoing supply chain issues
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NewsLippert makes surprise release of preliminary Q4 results
RV and marine component manufacturer Lippert provided an early indication that fourth quarter sales and profits will come in lower than expected; extra Q4 costs appear to include severance payments for staff reductions
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NewsMarineMax reports jump in Q1 revenue, gross margin
But stock price falls after cutting 2023 guidance and revealing a return of industry seasonality together with increased economic challenges
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NewsIrish marine clothing brand acquires Latvian facility
OCEANR completes takeover of ex-Adidas factory and staff, paving way for further growth
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NewsUS builder expands Texas manufacturing footprint, adds jobs
The multi-phase project will return an abandoned business property back to the tax rolls
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NewsEconomic impact of 2022 Newport show revealed
Last year’s event had a substantial, positive effect on the local economy
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NewsMarine Products Corp reports record Q4, full year revenues
Improving supply environment and continuing high demand drive double-digit increases in both revenues and profits for US boatbuilder
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NewsGermany’s biggest marine retailer files for bankruptcy
AW Niemeyer is insolvent; future of 115 employees unclear
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NewsOyster Yachts busy with record number of boats in build
Further investment needed to help grow build capacity
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NewsUK boat rental firm expands Canadian operations
Le Boat to add new vessels to Canadian fleet, establish second base of operations in Canada’s national capital region
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