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05/09/2008
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February 13, 2008
2007/2008 1st quarter sales: € 85 Million
Sales order backlog: € 488 Million
Rodriguez Group approved the financial statements at December 31, 2007 for the 1st quarter of the 2007/2008 fiscal year.
The Group realized sales of € 84.7 million, at December 31, 2007, a decline of 13.0% compared to the previous year.
Group sales may be analyzed thus:
- New Yachts sales amounted to € 64.2 million, compared to € 61.7 million in 2006/2007.
This is in line with Group’s guidance, confirming its New Yacht sales objective of € 320 million for 2007/2008.
- Pre-Owned Yachts sales amounted to € 7.6 million, compared to € 25.7 million in 2006/2007.
The change was due to the significant decline in trade-ins and, within a context of numerous deals under negotiation, to slower sales closing this quarter compared to previous years.
However, the change in pre-owned yacht sales is not significant in the first quarter and does not call into question the objective of a marked reduction in pre-owned yachts inventories in the 2007/08 fiscal year.
- Yacht Services and Merchandise sales remained very dynamic reaching € 12.9 million, compared to € 9.9 million in 2006/2007.
CUMULATIVE SALES ORDER BACKLOG (current and subsequent years)
Sales order backlog at February 10, 2008 reached € 488 million, an 11% increase compared to the previous year.
RODRIGUEZ GROUP will continue the application of its New Strategy in the months to come, with the beneficial effects expected on Profitability and Cash Flow.
RODRIGUEZ GROUP SA shares are listed on Eurolist Compartment B of the Euronext Paris Stock Exchange and are a component of the Next Prime segment (ISIN Code: FR0000062994) and the SBF 250 and Next 150 indices. Its shares are eligible for SRD (Deferred Settlement Service).
Sales order backlog: € 488 Million
Rodriguez Group approved the financial statements at December 31, 2007 for the 1st quarter of the 2007/2008 fiscal year.
The Group realized sales of € 84.7 million, at December 31, 2007, a decline of 13.0% compared to the previous year.
Group sales may be analyzed thus:
- New Yachts sales amounted to € 64.2 million, compared to € 61.7 million in 2006/2007.
This is in line with Group’s guidance, confirming its New Yacht sales objective of € 320 million for 2007/2008.
- Pre-Owned Yachts sales amounted to € 7.6 million, compared to € 25.7 million in 2006/2007.
The change was due to the significant decline in trade-ins and, within a context of numerous deals under negotiation, to slower sales closing this quarter compared to previous years.
However, the change in pre-owned yacht sales is not significant in the first quarter and does not call into question the objective of a marked reduction in pre-owned yachts inventories in the 2007/08 fiscal year.
- Yacht Services and Merchandise sales remained very dynamic reaching € 12.9 million, compared to € 9.9 million in 2006/2007.
CUMULATIVE SALES ORDER BACKLOG (current and subsequent years)
Sales order backlog at February 10, 2008 reached € 488 million, an 11% increase compared to the previous year.
RODRIGUEZ GROUP will continue the application of its New Strategy in the months to come, with the beneficial effects expected on Profitability and Cash Flow.
RODRIGUEZ GROUP SA shares are listed on Eurolist Compartment B of the Euronext Paris Stock Exchange and are a component of the Next Prime segment (ISIN Code: FR0000062994) and the SBF 250 and Next 150 indices. Its shares are eligible for SRD (Deferred Settlement Service).