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Boating & Aviation
International Boat Industry

International Boat Industry

February - March 2020

Business-to-business magazine for the recreational marine industry distributed to boat builders, designers, equipment manufacturers, distributors and retailers in over 120 countries. Contains industry news, market facts and data, country reports, technical, new product news, and management features for OEMs, distributors and retailers.

United Kingdom
Boating Communications Ltd.
Read More
£2.99(Incl. tax)
£10(Incl. tax)
7 Issues

In this issue

2 min.
the greatest impact will undoubtedly be on the supply chain

“For now the industry appears sanguine, noting that we’ve been here before with SARS. Let’s hope they’re right” COULD THE POSTPONEMENT of Hong Kong, Korea and Singapore boat shows and a question mark hanging over the scheduling of Japan, Taiwan and Shanghai events as IBI went to press, be just the tip of the iceberg when it comes to the potential impact the novel coronavirus outbreak could have on our industry? So far it appears that Stockdorf, Germany-based marine and automotive equipment manufacturer Webasto is the only Western marine firm to be directly impacted by the virus – seven of its employees (five Germans and two Chinese nationals) – had tested positive for the virus resulting in its workforce being sent home for a number of weeks, though workers have now…

1 min.
international boat industry

EDITORIAL Editorial Director: Ed Slack Tel: +44 (0)7984 026 733 Email: ed@ibiplus.co.uk Deputy Editor: Belinda Snell Email: belinda@ibiplus.co.uk Art Editor: Madeleine Fitzsimons Email: madeleine@ibiplus.co.uk Research and Business Analysis Editor: Arlene Sloan Email: arlene@ibiplus.co.uk ADVERTISING Commercial Director: Philip Pereira Tel: + 44 (0)7866 462 577 Email: philip@ibiplus.co.uk Marketing Director: Philippa Drysdale Tel: + 44 (0)7511 121 833 Email: philippa@ibiplus.co.uk Account Manager: Amanda Barlow Tel: +44 (0)7730 314 989 Email: amanda@ibiplus.co.uk MANAGEMENT Executive Chairman: Nick Hopkinson Email: nick@ibiplus.co.uk Finance Manager: Victoria Heaton Email: finance@ibiplus.co.uk Accounts Payable: Katy Pereira Email: katy@ibiplus.co.uk IBI Plus Account Manager: Isabella Mitchell Email: isabella@ibiplus.co.uk CORRESPONDENTS Australia/New Zealand: Barry Thompson Benelux: Robert Wielaard Brazil: Fernanda Teixeira Velloso Europe: David Robinson, Jake Kavanagh Far & Middle East: Mike Derrett France: Olivier Voituriez Germany: Stefan Gerhard Greece: Manos Roudas Ireland: David O’Brien Italy: Fulvia Venturi Japan: Peter Langan North America: Craig Ritchie Poland: Jaroslaw Adamowski Portugal:…

2 min.
brunswick details full-year performance on analyst call

USA | Brunswick Corp has reported fourth-quarter and annual financial results for 2019 that show a slight decline in sales but “strong earnings performance with solid margin growth,” according to the company’s report. For the whole of 2019, Brunswick unadjusted sales were US$4.11bn, down from the US$4.12bn reported in 2018. US$49.4m of sales related to Sport Yacht and Yachts were excluded from adjusted reporting. For the quarter, Brunswick reported consolidated net sales of US$917.6m, down from US$961.1m in 2018. Last year’s sales figure includes US$5.4m in yacht sales for boat models no longer offered by the company. Net sales on an adjusted basis to account for non-reoccurring items, show a slight lift in year-over-year sales, due primarily to the engine business. “Our 2019 performance demonstrated the strength and resilience of our marine-focused portfolio.…

1 min.
marquis yachts reportedly facing temporary shutdown

USA | According to reports in local media, up to 344 employees at Pulaski, Wisconsin-based Marquis Yachts will lose their jobs in March if the company cannot secure new ownership. Marquis is said to have provided the State of Wisconsin with formal notification of an impending workforce reduction at its facility beginning March 1. The company says it is looking to shore-up long-term financing to permit continued operations. As the effort to negotiate a sale of the company continues, Marquis is reported to have advised the state that it is working with limited financial resources to continue operations through March 1. The company, which discontinued its entire product line in July 2018 in order to focus on building new models, introduced an all-new M42 day boat and a LY650 yacht created in partnership…

1 min.

BENETEAU Bruno Thivoyon has replaced Christophe Caudrelier as Beneteau’s new CFO. Thivoyon has held a number of progressively senior finance positions over his career, including senior executive roles at Valeo Visibility Business Group – most recently as VP of finance. XANTREX Xantrex vice president and general manager Richard Gaudet has been promoted to president of MCE’s marine power division with responsibility for the Xantrex, Newmar and ASEA brands. Gaudet is known for having led Xantrex through its acquisition by MCE from Schneider Electric in 2018. TORQEEDO Torqeedo has named Jochen Engelmann as its VP of sales for Europe, the Middle East and Africa. He joins the German electric propulsion specialist from Volvo Penta, where he was head of sales, central Europe for the industrial engine division. SUNSEEKER Francesco Frediani joins Sunseeker International as director of superyachts &…

2 min.
marinemax raises earnings guidance based on record q1 results

USA | MarineMax revenues increased 26% to $304.2m for its first quarter ended December 31, 2019, up from $241.9m in the comparable period last year. With 59 locations across the US, the national boat retailer said same-store sales were also up strongly – more than 24% during the quarter – supported “entirely by unit sales.” Speaking on a webcast with analysts, CFO Mike McLamb said the company’s results were “meaningfully better” than the industry’s over the same period. Sales improvements were seen across most brands and categories, and a pick-up in big-boat sales seen in Q4 2019 continued. MarineMax indicated this was the sixth consecutive year the company produced a profitable December quarter, with net income nearly doubling to $9.1m in Q1 2020 – a record result for the period. Based on…