MarineMax, the US dealer representing the likes of Azimut, Galeon and Aquila, announced a 70 per cent rise in revenue for January-March compared to a year earlier.
MarineMax’s recent sales have included the 38m Azimut Grande Trideck
MarineMax, the world’s largest recreational boat and yacht retailer, and owner of Fraser and Northrop & Johnson, announced US$523.1 million in revenue for January-March, a 70 per cent increase on the same quarter last year. Same-store sales grew over 45 per cent, on top of a 1 per cent increase in the comparable quarter last year.
Net income rose more than seven-fold to US$38.9 million from US$5.1 million in the same period last year.
MarineMax also represents Aquila, which recently launched its flagship 70
MarineMax stated that that the boost resulted from increased industry demand, while the company’s significant geographic and product diversification, and the utilisation of its digital platform have driven growth over the past several years.
W. Brett McGill, CEO and President of MarineMax, said: “We continue to gain market share as we capitalise on the foundational shift of new customers embracing the boating lifestyle and many of our existing customers upgrading to larger and newer boats. Additionally, our multiple product and service offerings enhance our customers’ boating needs while also driving growth.
MarineMax staged the launch of the Galeon 325 GTO earlier this year
“We extended our long track record of producing meaningful same-store sales growth while also executing on our balanced growth strategy. I am extremely proud of our team for successfully navigating through the pandemic and capitalising on the ongoing changes in consumer behaviour, while driving significant leverage in our operating model.”