Sanlorenzo IPO to move ahead
December 2, 2019
The Italian yacht builder expects its shares to list on the Milan exchange on Dec. 10.
The Italian yacht builder expects its shares to list on the Milan exchange on Dec. 10.
Despite softer sales, marine content per boat rose during the quarter.
The company today reported growth in premium boat brands and 150-plus-hp outboards for its third quarter, but its Boat Group saw a 14 percent dip in sales.
The bank will be added to Priority One’s EZ Sign process.
Analyst: 20 percent decline in stock prices “seems excessive.”
The stock slid 10 percent yesterday; analysts reiterate buy rating.
The company declared a quarterly cash dividend of $0.17 per share.
Tariffs and growing labor costs created headwinds.
Marine sales rose 18 percent for the full year.
The Italian yacht builder expects its shares to list on the Milan exchange on Dec. 10.
Despite softer sales, marine content per boat rose during the quarter.
The company today reported growth in premium boat brands and 150-plus-hp outboards for its third quarter, but its Boat Group saw a 14 percent dip in sales.
Marine segment sales grew 13 percent in the quarter.
The bank will be added to Priority One’s EZ Sign process.
Analyst: 20 percent decline in stock prices “seems excessive.”
The stock slid 10 percent yesterday; analysts reiterate buy rating.
The company declared a quarterly cash dividend of $0.17 per share.
Tariffs and growing labor costs created headwinds.
Marine sales rose 18 percent for the full year.
