BRP revenues increased by $165.2 million, or 18.3%, to $1,068.1 million for the three-month period ended January 31, 2015, compared with $902.9 million for the corresponding period ended January 31, 2014. The revenue increase was mainly due to higher wholesale in Year-Round Products. The increase in revenues includes a favourable foreign exchange rate variation of $42 million mainly related to the strengthening of the U.S. dollar against the Canadian dollar.

Revenues increased by $330.6 million, or 10.4%, to $3,524.7 million for the twelve-month period ended January 31, 2015, compared with $3,194.1 million for the corresponding period ended January 31, 2014.

The revenue increase was mainly due to higher wholesale in Seasonal Products and their related PAC, and a favourable foreign exchange rate variation of $155 million mainly related to the strengthening of the U.S. dollar and the euro against the Canadian dollar.

“All in all, we had challenges throughout Fiscal Year 2015 but we stayed the course, executed on our plan and delivered solid results.”

“We grew sales in all four product categories, grew revenues in international markets despite the situation in Russia and exceeded our objective for new dealers. We also launched several market-shaping products with significant volume potential and the consumer reaction so far is very promising,” said José Boisjoli, president and CEO. “All in all, we had challenges throughout Fiscal Year 2015 but we stayed the course, executed on our plan and delivered solid results.”

Commenting on the outlook, Boisjoli added: “We are introducing our guidance for Fiscal Year 2016 with continued revenues and EBITDA growth, mitigated by an assumption of a reduction in sales from Russia when compared to Fiscal Year 2015. The construction of our new plant in Mexico is progressing well and production is still expected to start in the back-end of Fiscal Year 2016. I look forward to continued success on our journey to grow our Year-Round Products category.”

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