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19/11/2008
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May 12, 2005
2004-2005 1st Half-Year Sales Up 24%
RODRIGUEZ GROUP realized consolidated sales € 136.7 million for the 2004-2005 1st half-year ending March 31, 2005, up 24.2% over the same period last year.
As with previous years, half-year results are not significant, given that most of the Group’s new yacht sales are recorded during the second half of the fiscal year.
Group 2004-2005 1st half-year sales can be analyzed by business segment as follows:
· New yacht sales amounted to € 76.8 million, up 22.0% over the same period last year.
· Pre-Owned Yacht sales amounted to € 44.3 million, up 41.9% over the same period last year.
· Yacht Services and Merchandise sales amounted to € 15.6 million, in line with the same period last year (€ 15.9 million).
Sales order backlog at record level high
Group sales performance may be more adequately judged by reviewing the change in cumulative sales order backlog for the current and subsequent two fiscal years, as many models are no longer available for sale in the Group’s 2004-2005 fiscal year, given that most of the related production has been sold off.
At May 1, 2005, sales order backlog amounted to € 237 million, representing about 95% of the forecast production for this fiscal year, compared to € 195 million and 95% at the same time last year.
Sales order backlog for the 2005-2006 and 2006-2007 fiscal years amounts to € 253 million, up 23% over the same time last year for comparative periods.
Cumulative sales order backlog for the current and subsequent two fiscal years amounts to € 490 million, up 22% over the same period last year.
This order level represents an all time record high.
Steve Chokron appointed Managing Director
Within the framework of the strengthening of the management structures of the company, Steve CHOKRON was appointed Group Managing Director.
An MBA graduate from Pennsylvania State University and a member of the French Institute of Financial Analysts (SFAF), Steve CHOKRON previously held the position of Group Chief Financial Officer.
RODRIGUEZ GROUP realized consolidated sales € 136.7 million for the 2004-2005 1st half-year ending March 31, 2005, up 24.2% over the same period last year.
As with previous years, half-year results are not significant, given that most of the Group’s new yacht sales are recorded during the second half of the fiscal year.
Group 2004-2005 1st half-year sales can be analyzed by business segment as follows:
· New yacht sales amounted to € 76.8 million, up 22.0% over the same period last year.
· Pre-Owned Yacht sales amounted to € 44.3 million, up 41.9% over the same period last year.
· Yacht Services and Merchandise sales amounted to € 15.6 million, in line with the same period last year (€ 15.9 million).
Sales order backlog at record level high
Group sales performance may be more adequately judged by reviewing the change in cumulative sales order backlog for the current and subsequent two fiscal years, as many models are no longer available for sale in the Group’s 2004-2005 fiscal year, given that most of the related production has been sold off.
At May 1, 2005, sales order backlog amounted to € 237 million, representing about 95% of the forecast production for this fiscal year, compared to € 195 million and 95% at the same time last year.
Sales order backlog for the 2005-2006 and 2006-2007 fiscal years amounts to € 253 million, up 23% over the same time last year for comparative periods.
Cumulative sales order backlog for the current and subsequent two fiscal years amounts to € 490 million, up 22% over the same period last year.
This order level represents an all time record high.
Steve Chokron appointed Managing Director
Within the framework of the strengthening of the management structures of the company, Steve CHOKRON was appointed Group Managing Director.
An MBA graduate from Pennsylvania State University and a member of the French Institute of Financial Analysts (SFAF), Steve CHOKRON previously held the position of Group Chief Financial Officer.