All articles by Subscriber-only – Page 296
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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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NewsNorwegian builder invests in Lithuanian facilities
Marex is expanding its foreign presence amid rising sales
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NewsLippert discusses 2019 results & 2020 outlook
Recent acquisitions in the marine sector are expected to be among the company’s strong performers in 2020
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NewsSeven Asian boat shows cancel or review dates
Korea and Hong Kong shows postponed in response to the Coronavirus threat, while other Asian show organisers are closely monitoring the situation
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NewsCoronavirus hits 7 Webasto employees
Stockdorf, Germany-based marine and automotive equipment manufacturer Webasto Group has confirmed that as of January 31, seven of its employees – five Germans and two Chinese nationals – have now tested positive for the novel coronavirus.
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NewsDometic’s 2019 marine sales outpace other segments
Swedish equipment maker Dometic has been downsizing capacity, headcount and SKU’s in a drive to improve efficiency and respond to soft demand in key markets
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NewsBrunswick details full year performance on analyst call
Despite a slight decline in 2019 sales, the industry’s largest company reports strong earnings with solid margin growth, delivering shareholders a tenth consecutive year of EPS gains. CEO David Foulkes tells analysts this afternoon why the company is ’built to win’
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NewsLife after NEO - Greenline lays out future strategy
The Slovenian builder is doubling down on its eco-strategy with the US set firmly in its sights
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NewsSoft Q4 leads to full-year sales decline for Marine Products Corp
Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex boat brands, reported its fourth quarter and full 2019 financial results on Wednesday, with a softer Q4 leading to a slight overall loss for the full year.
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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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NewsBeneteau’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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Report
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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NewsToo 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 address ...
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NewsD-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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NewsRoyal 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 the 41m Royal ...
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NewsDanish 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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NewsAzimut 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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NewsNew 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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