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10/09/2010
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December 14, 2005
2004-2005 Net Profit : € 36.0 million + 24%
RODRIGUEZ GROUP, the World Leader in Luxury Yachting, closed its 2004-2005 fiscal year on September 30, 2005, reporting another year of strong growth.
2004-2005 consolidated sales amounted to € 471.1 million, up 28.1% over the preceding fiscal year.
Operating profit improved by 18.6% during this time to € 58.8 million.
Net profit improved by 24.3% to € 36.0 million, increasing six-fold in the last six years.
A € 0.55 cash dividend per share payout will be recommended to the Annual General Meeting of RODRIGUEZ GROUP, compared with a € 0.50 payout for 2003-2004.
Acquisition of a maintenance shipyard in Savona (Italy)
RODRIGUEZ GROUP acquired a 72% stake in a shipyard located in Savona on the Italian Riviera.
Equipped with an exterior space which, in time, will extend to 10,000 sqm., a 600 sqm. painting facility and a 300-meter mooring basin capable of handling 70-meter yachts, the Savona shipyard is a strategic acquisition that enables the Group to:
· maintain the strong growth enjoyed by its Yacht Services business
· continue its proximity service offering to its clients in the Mediterranean
Further increase in sales order backlog
Sales order backlog for the 2005-2006 fiscal year totals € 246 million, up 19% over the same period last year.
Sales order backlog for the 2006-2007 and 2007-2008 fiscal years amounted to € 190 million, compared to € 189 million at the same time last year for comparative periods.
Cumulative sales order backlog for the current and subsequent two fiscal years amounts to € 436 million, up 10% over the same time last year.
RODRIGUEZ GROUP is able to look forward to the coming years with confidence thanks to this visibility and the numerous negotiations in progress.
RODRIGUEZ GROUP, the World Leader in Luxury Yachting, closed its 2004-2005 fiscal year on September 30, 2005, reporting another year of strong growth.
2004-2005 consolidated sales amounted to € 471.1 million, up 28.1% over the preceding fiscal year.
Operating profit improved by 18.6% during this time to € 58.8 million.
Net profit improved by 24.3% to € 36.0 million, increasing six-fold in the last six years.
A € 0.55 cash dividend per share payout will be recommended to the Annual General Meeting of RODRIGUEZ GROUP, compared with a € 0.50 payout for 2003-2004.
Acquisition of a maintenance shipyard in Savona (Italy)
RODRIGUEZ GROUP acquired a 72% stake in a shipyard located in Savona on the Italian Riviera.
Equipped with an exterior space which, in time, will extend to 10,000 sqm., a 600 sqm. painting facility and a 300-meter mooring basin capable of handling 70-meter yachts, the Savona shipyard is a strategic acquisition that enables the Group to:
· maintain the strong growth enjoyed by its Yacht Services business
· continue its proximity service offering to its clients in the Mediterranean
Further increase in sales order backlog
Sales order backlog for the 2005-2006 fiscal year totals € 246 million, up 19% over the same period last year.
Sales order backlog for the 2006-2007 and 2007-2008 fiscal years amounted to € 190 million, compared to € 189 million at the same time last year for comparative periods.
Cumulative sales order backlog for the current and subsequent two fiscal years amounts to € 436 million, up 10% over the same time last year.
RODRIGUEZ GROUP is able to look forward to the coming years with confidence thanks to this visibility and the numerous negotiations in progress.