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MANGUSTA 165 - Saint-Tropez - Summer 2007
Posted by: NavyNet on Friday, August 17, 2007 - 12:55 CET
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MANGUSTA 165Presented for the first time in Saint-Tropez during this summer 2007,
the first pictures about it, now we are starting to discover the Mangusta 165 / 50M with boat-show.com
This Mangusta 165 is the first open of 50 meters in the world.
Launch of the Mangusta 165’/50 meters Line The Group is pleased to announce the launch of the Mangusta 165’ (50 meters) line, the largest Open yacht in the world. This yacht breaks the record already held by Rodriguez Group with its Mangusta 130’. This model benefits from the size of a Custom yacht (50 meters, for a price of about € 20 million), combined with the recurrence and profitability of a Semi-Custom. The 1st unit, already sold, will be delivered as early as in the 2006-2007 fiscal year. The objective of the Group is to deliver two Mangusta 165’ a year from 2009, resulting in about € 40 million additional sales. The over 50-meter steel Custom yacht or yachts, which are currently under negotiation, will naturally be added to this sales figure.
Cumulated Sales Order Backlog (current and subsequent years)
| Order Backlog published in June 2005 (€ millions) | IFRS
Order Backlog June 2005 (€ millions) | IFRS
Order Backlog June 2006 (€ millions) | 530 | 486* | 542 |
* order backlog of € 530 million restated by € 44 million corresponding to sales recognized by stage of completion at September 30, 2004
The recognition of sales by stage of completion requires the recalculation of the order backlog every year by deducting the sales recognized by stage of completion at September 30, of the previous year.
The IFRS order backlog at June 20, 2006 was thus € 542 million, up 12 % from € 486 million in June 2005.
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Re: MANGUSTA 165 - Saint-Tropez - Summer 2007
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