Riviera’s wave of prosperity continues with over AUD$51 million in luxury boat sales in 12 weeks

 

Riviera has continued to defy industry trends recording more than AUD$51 million in luxury new boat sales in 12 weeks, including two 63 Enclosed Flybridges and two of the company’s flagship 75 Enclosed Flybridges bound for Australian and international owners.

These large boat sales come just weeks after Riviera’s popular Festival of Boating in May, which recorded 14 new boat sales from right across the diverse range totalling AUD$21 million. 

Riviera’s chairman and owner Rodney Longhurst said that 65 per cent of the boat sales achieved since the Festival of Boating represented export sales.

“For the financial year ending June 30 this year, 55 per cent of Riviera’s total production was exported and this is a statistic that we are very proud of. Now we have just confirmed a further four new large boat orders totalling AUD$16.75 million, AUD$11 million of which are export sales.  It is extremely positive for us to see export sales continuing to grow, especially at a time when there is a lot of talk about the future of Australian manufacturing.  I am very excited about the future of Australian manufacturing and I am very committed to manufacturing in Queensland. Just last month my family completed the purchase of the 14-hectare purpose designed Riviera manufacturing facility at Coomera on the Gold Coast so this result truly confirms my belief,” Mr Longhurst said.

“In the last few weeks, we have confirmed the sale of two 63 Enclosed Flybridges for new Riviera owners based in Queensland and Victoria.  We have also just confirmed the sale of two new 75 Enclosed Flybridges, the flagship of our fleet, one to a new customer in the United Arab Emirates, which will be the second large Riviera sold to this region in the last two months. The second 75 has been sold to a long term multiple Riviera owner in Asia.

“With two of these new boats sold to Australian owners, it is a true vote of confidence that the luxury boat market is on the rebound in Australia.

“A recurring theme that we hear from our owners now is that they are through having their life on hold waiting for conditions to improve. Now with the stock and real estate markets showing positive growth, it seems that these are the drivers to improved confidence and the decision to purchase their long-awaited dream boat. ”

Riviera’s Chief Executive Officer, Wes Moxey said Riviera’s forward order bank for Riviera was continuing to grow and that the company was now looking to bolster staff numbers as a result of demand.

“It is very exciting to be welcoming many new Riviera owners into our global boating family, and it is equally pleasing to see our current owners rewarding us with their great loyalty,” Mr Moxey said.

“These recent boat sales and those achieved during the four day Riviera Festival of Boating in May, represent the best two-month sales result for Riviera in over seven years. As a result of this clear demand growth, we are now actively looking towards our recruitment initiatives and reinvigorating our apprenticeship training program.

“The atmosphere and morale that surrounded this years Festival was truly reminiscent of Riviera in the times when we were building over 400 boats a year, so if this is a sign of things to come, the future for Riviera looks very exciting indeed.”