Company Performance

Introduction

• Raymarine is one of the world’s largest suppliers of marine electronic products to the leisure boating market. It designs, manufactures and distributes a comprehensive range of marine electronic products including autopilots, radar, instruments, fishfinders, chartplotters and communications devices, together with multifunction and integrated products.
• Raymarine’s products are used by leisure boaters to enhance their enjoyment and, importantly, their safety whilst out on the water. Raymarine’s products are typically fitted to both power and sail boats of between twenty and one hundred feet in length.
• Raymarine acquired Raytheon’s Recreational Marine Division in a management buy-out backed by HgCapital in January 2001. The Group invested significantly in the growth and profitability of the business, with particular focus being placed on developing new products and on strengthening the Group’s sales and marketing teams.
• Raymarine floated on the London Stock Exchange on 6 December 2004.
• Raymarine's sales and marketing strategy is based upon a significant level of new product introductions each year. Ther is a very strong link between the percentage of new products brought to market and sales growth. A high level of investment in new product development (R&D) is the key to continuign success in this activeity and Raymarine has been steadily increasing its investment in R&D since its floation in 2004.