Luxury Mangusta 92, up to 12 guests, from euro 7,500 until 1st May, 2013

Saturday, November 15, 2008

Rodriguez Group reported a 34% drop in sales for 2008

Yesterday, Rodriguez Group reported a 307.7 M euros turnover for 2007-2008, down 34% in comparison with last year.
The company's stock, which has fallen nearly 90% since last year, closed yesterday at euros 4.61 on the CAC 40.

2008 Key figures

New yacht sales: -30.4 % -> 214.7 M euros compared to 308.5 M euros in 2006-2007
Second hand yacht sales:
- 57.7 % -> 44.5 ME, compared to 105.5 M euros
Service: -10.2 %

The Mangusta and the Leopard range, built in Italy under Rodriguez Group supervision, are famous between Cannes, Monaco and Saint Tropez and generally ensure high charter revenue to their owners: some Leopard 34m are often chartered between 60-70 days per annum at a euros 90,000 rate per week.

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