not so bad13 Jul 2018 12:43
Despite the warning about this year’s earnings, the company emphasised it had a strong order book and much of the slowdown was because of delays, rather than the market drying up. Some of the deferments were caused by what GYG called “an extraordinary sequence of hurricanes”.
Remy Millott, chief executive, added: “Despite the first half of the year being difficult for the group and the industry as a whole, we remain confident that the superyacht refit market is returning to normal trading patterns.