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BRP revenues fall

Bombardier Recreational Products (BRP)’s revenues have declined by Canadian $241.5 million or 8.9% compared to the same period last year.

The organisation saw revenues of $2,467.8 million, with North American quarterly retail sales up for SSV, ATV and Snowmobile, offset by lower sales of PWC, 3WV and Sea-Doo Pontoon craft.

“Our team’s focus on operational excellence enabled us to improve gross margin despite reduced volumes,” said José Boisjoli, president and CEO of BRP. “Our performance has led to solid retail sales growth since the beginning of the year, resulting in further market share gains in the North American powersports industry.”

However, he said that there has been a softening demand, particularly in international markets and production and deliveries have been adjusted to manage network inventory.

The Company’s three-month period ended October 31 2023 was marked by a decrease in the volume of shipments and revenues compared to the three-month period ended October 31 2022.

Supply chain improvements have allowed the company to continue with its production efficiencies, leading to an increase in the profit margin percentage for the three-month period ended October 31 2023 compared to the same period last year.

BRP's pontoon boat sales have declined
BRP’s pontoon boat sales have declined

Revenues from seasonal products decreased by $152.2 million, or 14.9%, to $868.7 million for the three-month period ended October 31, 2023, compared to $1,020.9 million for the corresponding period ended October 31, 2022.

The decrease was primarily attributable to a lower volume of PWC and Sea-Doo pontoon sold, mainly due to late shipments in the three-month period ended October 31, 2022.

Revenues from Powersports PA&A and OEM Engines increased by $16.5 million, or 5.5%, to $314.5 million for the three-month period ended October 31 2023 compared to $298 million for the same period in 2022.

Revenues from the Marine segment decreased by $12.1 million, or 10.2%, to $106.7 million for the three-month period ended October 31, 2023, compared to $118.8 million for the corresponding period ended October 31, 2022.

The Company’s North American retail sales for Marine Products decreased by 30% compared to the three-month period ended October 31, 2022.

Gross profit decreased by $27.3 million, or 4.2%, to $627.4 million for the three-month period ended October 31, 2023, compared to $654.7 million for the three-month period ended October 31, 2022.

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Welcome to DSM Group

DSM Group was established in 1982 and supplies trade customers with a vast range of products including ropes, loadstraps, twines and slings.

Products are distributed throughout the world from our UK factories in Mirfield, Stourport-on-Severn, and Ipswich.

Kingfisher Yacht Ropes is DSM Group’s own brand of high performance sailing ropes and equipment. Kingfisher’s ropes have been used on many of the world’s leading racing yachts and dinghies.

By keeping large stocks of our products, DSM is able to complete orders quickly and efficiently.

DSM Group has more than over 40 years’ experience distributing fibre ropes and has established relationships with large quality suppliers in Europe, DSM soon gained a reputation for high quality ropes. Many of these relationships still continue today, allowing our products to remain consistent.

Early in 2002 saw the birth of Kingfisher Yacht Ropes which has quickly become one of the most recognisable names for ropes within the recreational marine market.

We now have more than 300 international partners and stockists across the globe.

Service is the key to DSM’s success story and we promise to keep the same levels of service for all customers in the future.

We aim to provide high quality consistent products at competitive prices. Please contact one of our experienced sales team for any questions you may have.

Sailing ropes

Kingfisher Yacht Ropes was established as a brand in 2002 when DSM Group added yacht ropes to its extensive range of rope and rope related products. Kingfisher has developed into one of the most recognised names for ropes throughout sailing industry.

 

Superyacht ropes

We have vast range of ropes and lines for Superyachts of all sizes and types and their associated accessories and ancillary equipment.

Working closely with our established and respected partners we can advise and supply all types of ropes and lines in a variety of constructions and materials for Superyachts – from mooring and towing systems, to lines for tenders and support vessels; from anchor snubbers, to approved fibre crane and gantry cables.

Commercial marine ropes and lines

Ropes and lines for Commercial Marine vessels of all sizes and types, from the smallest coaster to the largest supertanker or ocean liner.

Working closely with our established and respected partners we can advise and supply all types of commercial ropes and lines in a variety of constructions and materials – from flag halyards and general-purpose ropes to complete mooring and towing systems.

Watersports ropes and lines

Ropes for all forms of watersports as well as our renowned Kingfisher Yacht Ropes range.

As well as all forms of yachting and sailing ropes, we supply many different rope constructions and materials to other watersport activities. Lines for windsurfing, extreme kite surfing, kayaking and many other watersports are available.

Watersports ropes and lines

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Lisa Hutchinson

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