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19/11/2008
at 17:35
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Interview with Alexandre RODRIGUEZ
Chairman of the management board
Alexandre rodriguez, what are your feelings on the 2006/2007 fiscal year?
Alexandre Rodriguez : After a difficult 2005/2006 fiscal year, 2006/2007 marked the Group’s redeployment around new priorities, defined by a new strategy.
The 47% increase in net income confirms the early benefits we derived from these new strategic options. We intend, of course, to continue and enhance this momentum over the coming years.
What are your thoughts on the recent evolution of the company’s stock market price?
Alexandre Rodriguez : The recent evolution of our stock market price is clearly unrelated to our financial performance.
Financial markets can thus sometimes rise and fall excessively. Fortunately, we do not depend on the Stock Exchange to grow the Group or carry out acquisition transactions.
We will therefore focus on our development and on value creation, so that, once the global financial crisis has passed, the value of the Group’s fundamentals is fully reflected in the share price.
Are you optimistic about the future?
Alexandre Rodriguez : Certainly.
In spite of the ups and downs of the global economy, the underlying trends which give strength to our Group remain unchanged, namely: regular growth of a significant number of wealthy people worldwide, confirmed enthusiasm for luxury yachting and the growing success of large Open yachts for which we are the world leader.
I would like to add that the success of the Mangusta 165’, as well as the numerous projects that we are currently working on, give us confidence in the next few years as demonstrated by our sales order backlog which is close to €500 million…
Alexandre Rodriguez : After a difficult 2005/2006 fiscal year, 2006/2007 marked the Group’s redeployment around new priorities, defined by a new strategy.
The 47% increase in net income confirms the early benefits we derived from these new strategic options. We intend, of course, to continue and enhance this momentum over the coming years.
What are your thoughts on the recent evolution of the company’s stock market price?
Alexandre Rodriguez : The recent evolution of our stock market price is clearly unrelated to our financial performance.
Financial markets can thus sometimes rise and fall excessively. Fortunately, we do not depend on the Stock Exchange to grow the Group or carry out acquisition transactions.
We will therefore focus on our development and on value creation, so that, once the global financial crisis has passed, the value of the Group’s fundamentals is fully reflected in the share price.
Are you optimistic about the future?
Alexandre Rodriguez : Certainly.
In spite of the ups and downs of the global economy, the underlying trends which give strength to our Group remain unchanged, namely: regular growth of a significant number of wealthy people worldwide, confirmed enthusiasm for luxury yachting and the growing success of large Open yachts for which we are the world leader.
I would like to add that the success of the Mangusta 165’, as well as the numerous projects that we are currently working on, give us confidence in the next few years as demonstrated by our sales order backlog which is close to €500 million…