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Antony Sheriff

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Princess Yachts Ltd has delivered a record-breaking year in 2017, with its highest ever sales in its 53-year history, a robust return to profitability, and advance orders totalling more than US$1billion (£¾ billion). Financial results for the 12 months to 31 December 2017 show record turnover of £274.4 million (+26.6% on 2016) and an Operating Profit before Exceptionals of £7.9m (2.9% of sales), representing a turnaround of £15 million (6.1% points) on its 2016 results and continuing the trend of strong year-on-year growth for the L Catterton-owned UK luxury yacht builder. Princess’ recent performance at the industry’s three biggest global sales events – the Cannes, Fort Lauderdale and Dusseldorf boat shows, saw the company power ahead across its entire fleet. Princess’ advance order book currently totals in excess of $1 billion (£¾ billion), 20% higher than the previous year. New Launches Princess is poised for an even more successful year…