Boatbuilder Sealegs margin boost counters soft sales in Australia, Europe

Tue, 29 Nov 2016

By Edwin Mitson Nov. 29 (BusinessDesk) - Sealegs, the amphibious vehicle maker, says increased margins have helped counter soft sales in Australia and Europe. The Auckland-based company said it invoiced for 44 boats in the six months to the end of September, compared to 54 in the comparable period a year ago. This was due to consistent growth in the United Kingdom and New Zealand, although performance across the Tasman and in continental Europe was "softer than anticipated." Demand from Asia is described as strong, led by Malaysia and...

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