Bavaria Yachts on course to new fiscal year
Bavaria Yachts has begun the new production season with a full order book and two new models in the pipeline for 2020.
The management team, based in Giebelstadt in Germany, has recently been reinforced by new chief operating officer, Jens Abromeit who joins chief executive, Michael Müller and chief finance officer/chief research officer, Dr Ralph Kudla.
“The autumn trade fairs in the Netherlands, England, France, Italy, Norway and Germany began extremely well for us," said Michael, who has been chief executive since February this year. "Thanks to our new working hours model, which allows us to produce more boats in our winter peak season and deplete accumulated overtime hours in the summertime, we were able to optimise production and shorten delivery times."
The company has also met all planned restructuring milestones. "Furthermore, our restructuring measures in the shipyard are also taking effect," said Michael. "This results in a better handle on costs and quicker delivery of new boats."
The existing product range has been reworked for the new financial year. The Cruiser line sailing yachts start the new season with a new design, whilst the S-line motorboats have a new Style package with a 20% saving on options. The new Bavaria C45, C50 and C57 conquered important market segments in 2019 and a new C-line sailing yacht and motorboat are already at the prototype construction stage.
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