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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.
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2 мин.
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 мин.
top 10 most read news on ibinews.com

1 Philippe Briand unveils new zero emissions sailing superyacht concept Jan 14 2 Bavaria Yachts buys Greenline Neo series to enter the outboard market Jan 26 3 Discovery Yachts Group restructures under newly formed holding company Jan 9 4 Marquis Yachts reportedly facing temporary shutdown Jan 31 5 Beneteau enters expedition market Jan 22 6 2019 has been a crucial year for Fairline Yachts Dec 19 7 Scots tycoon missing as empty yacht discovered on reef of Egyptian coast Jan 8 8 Yacht racer Zane Gills dies in Spanish marina accident Jan 10 9 Coronavirus hits 7 Webasto employees Feb 3 10 Princess Yachts seeks multimillion investment funding from shareholders to maintain expansion Jan 10…

1 мин.
bavaria acquires greenline neo

GERMANY | Bavaria Yachtbau GmbH has announced that it will add outboard motorboats to its current line-up of sailboats, inboard motorboats and catamarans with the addition of the Greenline Neo series acquired from Slovenia’s SVP Yachts. The sale will be completed in March. With this decision, the south German shipyard has entered the fast-growing market for day cruisers powered with outboards. The announcement follows the world premieres of Bavaria’s new C42 monohull sailboat and SR41 motor-cruiser models at boot Düsseldorf – and just 16 months after the restart of the yard after it slipped into administration in April 2018. Bavaria has contractually agreed to acquire all rights to the Neo concept, including construction rights, the moulds and production tools from SVP Yachts. The arrangement helps Bavaria meet the high expectations of the…

2 мин.
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 мин.
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 мин.
dometic’s 2019 marine sales outpace other segments

SWEDEN | Dometic has reported annual net sales growth of 1% to SEK18.50bn (€1.74bn) for the financial year ended December 31, 2019. Marine sales represented 27% of Dometic’s total sales, up from 26% in 2018. Profit (after tax) for the year was SEK1.33bn (€125m), down 16% from 2018, reflecting lower volumes and the full impact of 25% tariffs, offset by a year of efficiency improvements, capacity reduction and pricing improvements. The marine sector was the strongest performer for Dometic in 2019, with sales up 6% (0% in constant currency) to SEK4.96bn (€460m). Dometic president and CEO Juan Vargues noted that marine sales started strongly in the first half of the year, but slowed in Q3 and were weaker still in Q4. Despite the decline in boat sales in the fourth quarter, Vargues says the…