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Raymarine trading 'in line with expectations'
18 Dec 2007
Business for the group as a whole, including its USA operations, has hit expected targets. Sales to new boatbuilders are reported as continuing to grow strongly across the USA and the rest of the world.
A large proportion of the group's total expenditure is in US$. As a result, says the company, the group's profits will not be adversely affected by weakness in the dollar against sterling.
The outlook for 2008 is said to be positive, with sales and gross margins set to match anticipated results. Raymarine will announce its preliminary results on February 25, 2008.
According to a statement, the recently launched G Series multi function display and the new digital radar arrays have been successful and the group is planning the launch of an extensive range of new products in 2008 and 2009.
‘Raymarine's products continue to lead the way in the leisure marine market, and we remain confident of achieving further progress in 2008,’ said Raymarine CEO Malcolm Miller.
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