Ferretti Group says its growth path is on track with the release of its latest results (quarter one, 2024). Key takeaways include the order backlog surpassed €1.6 billion, a 10.2 per cent increase when compared to 31 December 2023, and net revenue new yachts equal to €313.0 million, an increase of 11.7 per cent when […]
Yamaha Motor Co has announced its consolidated business results for the first three months of the year. Overall revenues for the period were ¥642.1bn (US$4.1bn), an increase of 5.9 per cent compared with the same period of the previous fiscal year. Operating income was ¥78bn ($501m), an increase of 2.7 per cent. Net income attributable […]
Italian yacht supplier Sanguineti has reported a 48 per cent increase in revenue from 2022 to 2023, with its revenues forecast to triple by 2026. The firm, founded as an artisanal manufacturer of equipment for superyachts more than 65 years ago, is investing €3.5m in new machinery as it looks to expand its facilities and […]
United States boat retailer OneWater Marine has announced results for its fiscal second quarter ended March 31, 2024. The Georgia-based firm’s revenue decreased 7 per cent in Q2 to $488m, while same-store sales decreased 5 per cent for the quarter, compared to an 11 per cent increase in the prior year period. The chain reports […]
French boatbuilding giant Beneteau Group has revealed its revenues came to €229m for the first quarter of 2024, following the application of IFRS 5, down 39 per cent. This downturn comes from a high basis for comparison after the group reported revenues of +57 per cent for the first quarter of 2023. Last year was […]
Electronics manufacturer Garmin has reported a record first-quarter revenue and operating income, with consolidated revenues of $1.38bn in the first quarter of 2024. This represents a 20 per cent increase year-on-year, including a 17 per cent gain in marine sales. The Kansas, US-based firm has achieved record Q1 revenue in four segments, according to results released […]
Although gross margins have remained resilient and the company delivered a solid first quarter consistent with guided expectations, Brunswick has announced its net sales in the quarter of 2024 were down 22 per cent versus the first quarter of 2023. “The impact of continued measured wholesale ordering patterns by dealers and OEMs coupled with higher […]
MarineMax, which describes itself as the world’s largest recreational boat, yacht and superyacht services company, has announced results for its second quarter ended March 31, 2024. In its summary, it says its experienced a same-store sales increase of 2 per cent, a gross profit margin of 32.7 per cent and March quarter revenue of $582.9 […]
British yacht manufacturer Oyster Yachts has announced a return to profit following an increase in turnover in 2023. The Southampton-based company, which makes blue water sailing yachts, showed a 29 per cent year-on-year increase in turnover to £56.4m in recently released financial results for 2022-2023. The latest financial figures for January 2024, which will be […]
French boatbuilding giant Groupe Beneteau has released its consolidated full-year earnings, revealing a record financial performance for 2023. The news comes after the appointment of Nicolas Retailleau as chief financial officer (CFO) of Groupe Beneteau, effective November 1, 2023. The boat division’s revenues reached €1.465m in 2023, up 17.1 per cent from 2022. The slowdown […]
HanseYachts will end trading of its shares on the Frankfurt Stock Exchange, after closing the first half of its current financial year with record figures. The German boatbuilding group says the move will further increase its profitability. The measure, proposed by the HanseYachts AG management board, has the full support of the Aurelius Group, which is […]