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GYG PLC Ord GBP0.002 (GYG)

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27-Apr-2022 12:31 PM

IN BRIEF: GYG shares fall 18% as it turns to annual loss due to Covid

GYG PLC - Mallorca, Spain-based super-yacht painting, service and supply company - Shares fall as it turns to an annual pretax loss in 2021. Pretax loss at €7.2 million versus a profit of €183,000 in 2020. Revenue rises to €62.8 milli
26-Apr-2021 09:08 AM

GYG profit slips on pandemic impact; gets new year off to 'positive' start

Superyacht service and supply group GYG reported a fall in profit the pandemic impact on disrupted activity. The company did, however, make a positive start to the year. For the year ended 31 December 2020, pre-tax profit fell by to €0.2 million
02-Feb-2021 08:41 AM

GYG touts strong start to Q1 after revenue, earnings in Q4 hurt by project delays

Superyacht maintenance company GYG touted strong start to the new year following fourth-quarter revenue and earnings that were expected to fall short of market forecasts owing to Covid-related costs and project delays during the quarter. The company sa
24-Sep-2020 08:19 AM

GYG swings to loss in H1, but 'confident' of meeting market expectations

Superyacht maintenance and supply company GYG said it remained confident in meeting market expectations despite swinging to a loss as virus-led delays hurt revenue in the first half of the year. For the six months ended 30 June 2020, the pre-tax loss
21-Aug-2020 07:30 AM

GYG sees higher earnings in H1 as margin improvements offset revenue decline

Superyacht maintenance company GYG said it expected to report higher core earnings in the first half of this year, as margin improvements helped offset a fall in revenue. For the six months to 30 June 2020, the company expected to report increased adju
22-Jul-2020 09:30 AM

GYG hails 'encouraging' half year after swinging to annual profit on new business wins

Superyacht services company GYG said it had an 'encouraging' first half of 2020, after swinging to an annual profit as revenue increased 41%, driven by new business wins for the year. For the year ended 31 December 2019, the company reported
26-Sep-2019 09:38 AM

GYG swings to profit driven by positive momentum in New Build and Refit

GYG swung back into profit, with pre-tax profit coming in at €0.1m from a loss of €1.7m. Revenue increased 31.2% to €33.1m due to positive momentum in both New Build and Refit, as announced in the company's interim results for the per
21-May-2019 02:22 PM

GYG sees profit beating market expectations

Superyacht painting, supply and maintenance company GYG said it expected its results for the year through December to be ahead of market expectations. 'Due to a continued improvement in the general refit market during the first four months of the ye
04-Apr-2019 09:53 AM

GYG swings to loss as 'very soft' refit market dents revenues

Superyacht painting company GYG swung to a as coating revenues slumped amid a 'very soft' refit market. For 2018, the company reported an operating loss of €4.3m, compared with an operating profit of €1.4m a year earlier. Group reve
31-Oct-2018 09:02 AM

GYG warns on profits amid continued turbulence in refit market

Superyacht maintenance company GYG said Wednesday it expected full-year profits significantly below market expectations as it struggled to convert its pipeline amid continued turbulence in the refit market. For the year ending 31 Dec., the company said i
12-Jul-2018 10:01 AM

GYG warns on profits after weaker first half performance

Superyacht maintenance group GYG said Thursday it expected full year revenue to be flat and adjusted EBITDA to be 'materially below' management expectations at approximately €5m. The company blamed the weaker outlook on lower-than-expecte
18-Apr-2018 10:23 AM

GYG adjusted earnings, revenue up amid 'strong' coating division performance

GYG, the superyacht painting, supply and maintenance company, said operating profit fell to €1.4m from €1.9m weighed by costs related to its IPO. Adjusted earnings (EBITDA) increased 7.6% to €7.2m from €6.7m, while group revenue jump
21-Nov-2017 09:23 AM

GYG revenues and profits to be below forecasts

Superyacht painting, supply and maintenance group GYG has warned that it expects full year revenues and profits to be below forecasts. The group said that it had experienced a number of small delays on the start dates of some refit contracts and, while
26-Sep-2017 09:51 AM

GYG adjusted earnings up 26.9%

Superyacht painting, supply and maintenance company GYG's revenue increased 19.4% to €33.9m in the si months to the end of June. Coatings (refit and new build) revenue rose by 23.3% to €28.6m while supply revenue increased by 3.9% to &eur

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