Dorset-based luxury yacht builder Sunseeker International has boosted revenues to nearly £300m with the company set for more growth on the back of a record forward order book.
For the year to 30 December 2017 the company, which is based in Poole, drove turnover to £294.7m, up from £252.4m in the year prior, which was put down to strong demand for new models.
The company’s forward order book grew by 52 per cent. A number of models are now sold-out until the end of the year, with half of the company’s capacity sold for 2019.
Profits also increased despite the added costs of new product launches. EBITDA rose to £6m, up from £29,000 in the year prior.
Phil Popham, chief executive, said: “I’m delighted with our performance, especially given the substantial investments we continue to make across the business. We are now reaping the rewards of this but it is vital that we continue to invest in product and infrastructure to build an even stronger future.
“Our product plan for the next five years absolutely reflects this, we now have one of the youngest product line-ups in the industry with some very exciting additions still to come.”
The company has a number of dealers across the UK and around the world, with the company investing in expanding its Middle East and Asia network.
Popham added: “Contracted and deposited sales for 2018 and 2019 have once again significantly improved compared to the same period in 2017. We are 100 per cent sold-out for 2018 and we are already 50 per cent sold for 2019 which is a record for the business. As we develop new products across the size range, we will also see a substantial growth in our profitability, providing the investment for our ambitious plans going forward.
“Highly compelling and innovative products are essential to our future success but they are nothing without a world-class team to support them.
“Our employees continue to deliver exceptional, award-winning boats and our global dealer network provide first-class customer service and it is this combined focus and investment that is driving the continued desirability of our brand across all market segments.”