All articles by Arlene Sloan
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NewsIn the wake of SVB’s failure, what is the future of tech start-ups?
Following the collapse last week of Silicon Valley Bank – widely attributed to an over investment in start-ups together with low-interest US treasury bonds – what is the outlook for all of the exciting marine technology bubbling up from new companies tackling solutions for a sustainable future?
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NewsSanlorenzo to acquire Simpson Marine
In a move to provide direct distribution to the lucrative Asia-Pacific market, Italian builder Sanlorenzo has announced it will acquire the region’s biggest and oldest dealer network
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NewsLimestone Boat to delist from American OTC trading platform
Canada-based Limestone Boat Company – owner of the Aquasport, Limestone and Boca Bay boat brands – today announced that it will terminate its exchange listing in the US
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NewsSuzuki Q3 marine sales and profits at record highs
The outboard engine maker posted strong results in the marine sector and across its portfolio for the first nine months of fiscal 2022, revising its full-year forecast upward
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NewsOwner of British boating equipment business seals $2.1 billion deal
With 270 acquisitions under it’s wing, the 25-year-old P&A business continues to grow
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NewsOXE Marine reports bleak Q4
In his opening comments on the engine maker’s most recent financial report released today, OXE Marine CEO Anders Berg acknowledged, “Q4 is nothing but a significant disappointment.”
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NewsPearl Yachts expanding capacity and dealer network to meet demand
UK luxury motoryacht builder reported fiscal 2021-22 profits down while gross profit margin increased
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News2022 Yamaha unit sales decline, while financials remain buoyant
The global producer of outboard engines, personal watercraft and boats posted strong revenues and profits for the past year, while projecting a bullish forecast for 2023
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NewsLippert marine sales help offset RV slowdown
Equipment manufacturer, Lippert Components achieved all-time high revenues for 2022, following a challenging fourth quarter which included job cuts
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NewsPatrick marine sales surpass $1 billion in 2022
Marine sales at US-based component manufacturer, Patrick Industries, posted the strongest performance in the company’s portfolio and helped lift annual sales 20% to $4.9 billion
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NewsUS fund to take controlling stake in Princess Yachts
Ownership of UK-based Princess Yachts will change hands according to reports by Sky News this morning
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NewsSanlorenzo exceeds 2022 financial targets
Italian luxury yacht builder Sanlorenzo has reported double-digit growth in revenues, order backlog, and other key metrics at the close of 2022
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NewsFinnish boat industry returns to ‘normal’
2022 boat sales reflect more nomal activity but remain above pre-pandemic levels
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NewsExpanded distribution yields record growth for Nimbus Group
The Swedish builder’s strategy to geographically diversify its dealer network and product offering paid off in higher Q4 and 2022 sales
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NewsBrunswick delivers best Q4 in company history
Read IBI’s full analysis: Brunswick caps 2022 with record sales, operating margins and operating earnings, with an all time best in the boat business; 2023 sales expected to be flat to slightly up
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NewsFreedom Boat Club continues global expansion
The world’s largest boat club announced a new Australian location to anchor the Group’s growth in Asia-Pacific; Freedom Boat Club also ranked as a top US franchise
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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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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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NewsItalian Sea Group orderbook surpasses €1 billion
Italian yacht builder (ITSG) approved preliminary 2022 results today in addition to sharing its 2023 outlook with the financial community
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