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International Boat IndustryInternational Boat Industry

International Boat Industry

August - Septembre 2019

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.

País:
United Kingdom
Língua:
English
Editora:
Boating Communications Ltd.
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7 Edições

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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 Publishing Director: Simon Owen Email: simon@ibiplus.co.uk Executive Chairman: Nick Hopkinson Email: nick@ibiplus.co.uk Finance Manager: Christine Chisholm 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: Rodrigo Rato Russia: Eugene Gerden Scandinavia: Lars-Åke Redéen South Africa: Bobby…

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together they paint a picture of life at the top of the boating business becoming more precarious

TS Eliot proclaimed April the cruellest month. Had he been working in the marine industry today he might have had a rethink and made it June, given the managerial blood-letting that took place earlier this summer. The biggest bombshell was the news on June 16 of Hervé Gastinel’s departure as CEO of Groupe Beneteau to be replaced by chairman Jérôme de Metz. From an outsider’s perspective, the French builder’s recent robust financials and dynamic new launch programme should have found its CEO secure in the role he had held since 2015, but then the manner in which his predecessor Bruno Cathelinais was ousted might have given him pause for thought. “If the revolving door is being pushed a little bit harder now we’d better make sure we have the very best…

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top 10 most read news on ibinews.com

1 Trump threatens additional 10% tariff on Chinese goods ibinews.com August 2 2 Brunswick’s 2nd quarter results show a weakening US market ibinews.com July 25 3 BIA president calls boating “the drug of choice” ibinews.com August 5 4 Brunswick consolidates brands to form Venture Group ibinews.com July 29 5 Groupe Beneteau offers two new models at Sydney show ibinews.com August 1 6 Australian boating market a “sleeping giant” ibinews.com July 29 7 Canada implements new legislation to deal with abandoned boats ibinews.com July 31 8 BRP’s Telwater acquisition completes ibinews.com August 2 9 Sunseeker London delivers three 100ft-plus yachts in July ibinews.com August 1 10 Australian mother charged with buying “getaway yacht” for son to evade cocaine charges ibinews.com July 30…

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brunswick financials: us market turning?

USA Brunswick Corp has reported second-quarter and half-year financial results, posting a 6% increase in year-to-date net sales (adjusted for the disposition of the yacht sector) up to $4.21bn. Second quarter net sales also saw 6% growth (adjusted) to $1.16bn. However, performance shows a mixed picture across segments where the company confirmed a challenging first half, due in large part to poor weather across most regions of the US and Canada resulting in lower demand for value-priced boats and engines. For the first six months of the year, international sales overall were up 2% with the Engine & Boat businesses contributing equally to growth, except in Europe. Notably, international boat sales –which represented 26% of total revenues – were down 17% for the second quarter due primarily to a supply disruption…

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canada targets abandoned boats

CANADA The government of Canada is busy promoting the official implementation of its new Wrecked, Abandoned or Hazardous Vessels Act, which provides fines of up to C$50,000 for individuals and $250,000 for businesses which are found to be guilty of abandoning boats. The new legislation, which became law on July 30, increases owner responsibility and liability for both commercial and recreational vessels, and enables proactive intervention when problem vessels begin to pose navigational hazards. “This significant legislation is making vessel owners responsible under the law for the safe disposal of their vessels,” said Minister of Transport, Marc Garneau. “Most boat owners are responsible, but for those few who are not, we now have the ability to hold them to account.”…

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marinemax q3 sales up 6%

USA US dealership chain MarineMax released its 2019 third quarter results, marking year-over-year gains in both revenue and net income. The company reported revenues of US$383.5m for the quarter ended June 30, 2019, a 6.0% increase over the $361.3m in revenues reported for the same period last year. Net income for the quarter grew by 4.5% to $19.1m, compared against $18.3m for Q3 2018. Earnings per diluted share also grew, marking a 6.3% increase to $0.84 compared to $0.79 for the previous Q3. MarineMax further noted same-store sales growth of 3.0% for the quarter, on top of an 8.0% gain for the previous third quarter. “Producing same-store sales growth of 3% driven by even greater unit growth, MarineMax outperformed during a challenging quarter for the industry,” said MarineMax president Brett McGill.…

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