November 14, 2005
2004-2005 Fiscal Year Sales: €471 million + 28 %
RODRIGUEZ GROUP closed on September 30, 2005 another fiscal year of strong business growth.
2004/2005 fiscal year sales improved to € 471.1 million, up 28.1 % over the previous fiscal year.
Thus, RODRIGUEZ GROUP sales have doubled in 3 years (+ 102%) and quadrupled in 5 years (+ 307%).
All of the Group's business activities contributed to this positive evolution in sales:
· New Yachts sales amounted to € 278.4 million, up 32% over the previous fiscal year.
· Pre-Owned Yachts sales amounted to € 139.6 million, up 26.6% over the previous fiscal year.
· Yacht Services and Merchandise sales amounted to € 53.1 million, up 13.9% over the previous fiscal year.
Further Growth in Sales Order Backlog
Significant sales of new yachts have enabled the Group to enjoy excellent visibility:
At November 1, 2005, sales order backlog for the current 2005-2006 fiscal year progressed by 23% and totaled € 217 million, representing roughly 68% of the Group’s new yachts sales objective for that fiscal year.
Sales order backlog for the 2006-2007 and 2007-2008 fiscal years amounted to € 162 million, compared to € 151 million for the previous fiscal year.
The cumulative sales order backlog for the above three fiscal years amounted to € 379 million, representing a progression of 16% over the previous fiscal year.