PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Sunreef Yachts

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Sunreef Yachts Releases First-ever Financial Results - 2008 - Sunreef Yachts begins its tenth year in the yachting industry with very positive financial results and expectations
Sunreef Yachts Releases First-ever Financial Results - 2008

 

NewswireToday - /newswire/ - Gdansk, Woj. pomorskie, Poland, 2008/04/22 - Sunreef Yachts begins its tenth year in the yachting industry with very positive financial results and expectations.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The Polish marine success story, Sunreef Yachts, based in Gdansk begins its tenth year of trading with positive historical results and expectations for continued strong growth as it builds on its reputation as the global leader in luxury catamarans.

Sunreef was established in 1998 as a charter company and then began producing yachts in 2000 in a Gdansk shipyard. The company delivered its first catamaran, the Sunreef 74 CHE, two years later in 2002 and since has seen sales and operating profit grow consistently along with its range of products and services.

Sunreef’s in-house charter agency, Sunreef Yachts Charter, now has more than 250 yachts in its fleet as its own 2007 net sales rose through €1.3 million with a 50 per cent increase expected in 2008.

‘‘Our success to date comes from our focus on innovation and by extending the range of yachts we produce,” says Nicolas Lapp, Sunreef's vice president, ‘‘For the future we will be promoting and constructing our two new models while progressing orders for large custom yachts over 100 feet.”

Sunreef is owned by HTEP Polska Ltd and is actually comprised of two business units: building – Sunreef Yachts and chartering – Sunreef Yachts Charter employing 350 worksmen and employees. In addition to its production and headquarters activities in Poland, the company has worldwide brokers network in Spain, Italy, France, USA and China to name but a few.

From 2006 to 2007 Sunreef’s net income from production and services increased 52% from €12.9 million to €19.6 million with expectations for 2008 that this will continue to €29.8 million as annual deliveries pass 10 with 16 scheduled for 2009.

Despite a challenging labour market in Poland, this accelerating production rate was achieved by optimising production techniques which for example reduced production time for Sunreef’s most popular model, the Sunreef 62, from 9 to 4 months.

Sunreef is also increasing overall production capacity with the acquisition of 16 hectares land in nearby Gdańsk Wiślinka for the construction of two new 12,000 square metre purpose-built manufacturing facilities with possible enlargement due for completion and occupancy in 2010. These facilities will enable Sunreef to build yachts up to 50 meters in length.

Management’s forecast for the coming years is likewise very promising, if slightly more modest taking into account the uncertain world financial situation. Sunreef’s financial plan for 2009 budgets for a 34 per cent growth in sales on 2008 at €40.1 milion.

While continuing the production of its 62 foot catamarans, Sunreef is also planning and designing new models to complement its monohull which was launched in 2006, the Sunreef 60', the multihull Sunreef 67 sailing and 70 Sunreef Power, both introduced in 2008. In addition, two custom superyachts are currently under construction.

To provide its clients with a full range of support services, Sunreef has also established its Yacht Management, after-sales service and Brokerage Division which now has more than 800 yachts in its data base.

‘‘Our goal for the future is quite simply to maintain our position as the world’s largest manufacturer of large and luxury catamarans from 60 to 150 feet,” concluded Lapp.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Sunreef Yachts

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Boat/Yacht/Sailboat articles,
CATCH Visitors via Your Competitors Announcements!


Sunreef Yachts Releases First-ever Financial Results - 2008

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Nicolas Lapp 
+48 58 769 77 77 info[.]sunreef-yachts.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sunreef Yachts securities in any jurisdiction including any other companies listed or named in this release.

Boat/Yacht/Sailboat via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Sunreef Yachts / Company Profile


Read Boat/Yacht/Sailboat Most Recent Related Newswires:

BRP Extends its Evinrude Network of Boat Builders in Europe
GE Completes Upgrade Service to One of the World’s Most Famous Ocean Liners, Queen Mary 2
MAN Diesel Engines As Basis for Innovative Hybrid Drive System on MS Vision of The Fjords
European Premiere in Cannes for MAN's Internationally Acclaimed Yacht Engine i6-800
World’s First LNG-Powered Bulker with ME-GI Prime Mover Announced
BRP’s Evinrude Engines and Zodiac Boats Reach Agreement
The First MAN D2676 Engine for Work Boats Now Ready to Launch for Salmon Fishing in Alaska
Evinrude E-link Virtual Dashboard Offers Direct Control of Engine Features from A Mobile Device
BRP Expands New Era of Outboard Engines to New Power Range
Thales Signs OFSV Contract with Seaspan’s Vancouver Shipyards
GE Enters the Container Ship Industry, Equipping Maersk Line’s 2nd Generation Triple-E Vessels
BRP and Telwater Relationship Strengthened through New Outboard Distributor Agreement
MAN Unveils The Next Generation of Inline Six-cylinder Engines for Yachts
Nicole Haboush Joins Sovereign Marine Group
MAN Introduces Latest High-speed Diesel Engine MAN V12-1900

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)