At the end of the 2015/16 fiscal year, the Bavaria Group can reveal positive operating results for the second consecutive year. Compared with the previous year, the operating result (EBITDA) increased five-fold, and is now in the mid-seven-figure range.
Despite stagnating markets for sailing yachts and motor boats in Europe, and weak economic growth in the United States and the Asian region, the Bavaria Group has once again held its ground. The EBITDA has been increased five-fold by the second largest shipyard in the world last year.
After the years of economic crisis following 2009, this is already the second positive result in a row, and confirms the positive trend of business results of the Bavaria Group over the last five years.
Even outside of professional circles, the Bavaria Group remains one of the most modern shipyards in the marine industry, and boasts the highest growth potential. Under the brand BAVARIA YACHTS, 24 different models of catamarans, sailing yachts, and motor boats are produced at the headquarters in Giebelstadt and the production site for multihulls in Rochefort (France).
In the new financial year, production for the new motor yacht product lines BAVARIA E40 and BAVARIA R40 was switched to an innovative modular design.
Interior, hull and decks are built in parallel on their own line for these revolutionary motor yachts, and assembled at the end of the 125-metre production line. The result is higher quality, a shorter construction period, and better working conditions for the employees.
The three other production lines for sailing and motor yachts have also seen some effective modernisation since the summer break. From the start of the new financial year, all yachts from BAVARIA YACHTS are constructed using a complex vacuum infusion process. Now even lighter and more stable, the hulls are also more durable, make driving more cost-efficient and help conserve the environment during construction. With these two new innovative manufacturing methods, the Bavaria Group continues to expand its undisputed worldwide leading position in the manufacture of production series yachts.
In particular, the BAVARIA CATAMARANS division has grown strongly in the last financial year. Since taking over the Rochefort yard in 2014, production has trebled. A further extension of the experienced shipyard for multihulls will be implemented as planned in the new fiscal year, to meet the demand for the new NAUTITECH 40 and NAUTITECH 46 models.
The key to the yard’s success in the heart of Germany can be found in the high customer satisfaction among BAVARIA owners and charter clients. In an independent customer survey, created by the consultancy Kemény Böhme & Company from Munich at the beginning of the year, more than 82 percent of respondents equated the image of BAVARIA YACHTS with German premium car brands. The majority of the participants of the survey confirmed the yachts of BAVARIA YACHTS as having satisfactory sailing and driving characteristics, perfect workmanship, and high standards of comfort and equipment.
BAVARIA YACHTS is ideally equipped for the upcoming trade fair season.
After the kick-off at the Salon Nautique in Cannes, numerous trade fairs throughout Europe, the United States and Asia will follow. The highlight will be the boot 2017 in Düsseldorf. Similar to this year, BAVARIA YACHTS will present its entire product range on the largest stand at this international boat show with just over 4000 square meters of floor space.
Due to their good financial result, Bavaria Yachtbau GmbH is now set to invest even more heavily in expanding the entire product range. At Salon Nautique in Cannes from 6 to 11 September, BAVARIA YACHTS will, in addition to presenting the world premières of the BAVARIA R40, BAVARIA E40 FLY and NAUTITECH 46, also announce a world first in the field of sailing.
Bavaria Yachtbau GmbH
Marcus Schlichting
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